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GK MCQs Section
Q. Lessor and Lessee is a relationship between a bank and its customer in which of the following?
Answer: Safe Deposit Locker
Notes: When a customer hires a safe deposit locker from the bank, the relation between the bank and the customer is lessor and lessee. The bank is the lessor (licensor) and the hirer of safe deposit locker is the lessee.
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