General Studies · Collateral and Securities
Consider the operational practices for charging banking collaterals: Statement 1: Charging a Fixed Deposit Receipt (FDR) involves marking a lien in the system and keeping custody of the FDR. Digital FDRs are securely locked via CBS. Statement 2: Shares and securities are charged via a 'Pledge' recorded in the Depository System (NSDL/CDSL). RBI restricts lending against demat shares up to 50% of market value. Statement 3: Supply Bills from government contracts are taken via 'Assignment'. It is considered a weaker collateral because the government retains the right of counter-claim or set-off. Which of the statements above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All of the statements (1, 2, 3) are correct✓
- 2Only Statement 1 and 3 are correct
- 3Only Statement 1 and 2 are correct
- 4Only Statement 2 and 3 are correct
Correct answer
All of the statements (1, 2, 3) are correct
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