The correct answer is Hiring of bank locker is a contract of BailmentContract of Bailment -The Indian Contract Act, 1872's section 148 defines bailment as the conveyance of commodities from one person to another for a certain purpose. When that goal is achieved, the recipient of the items returns them or otherwise disposes of them in accordance with the instructions of the sender. The bailor is the person who delivers the goods. The recipient of such items is referred to as the bailee.A contract of bailment only results in a change of possession, not ownership.Hiring of bank locker is a contract of Bailment - A bailment is made when you place money, jewels, etc. in a bank lockerMistake Points As per the official answer key by UGC, the answer is "Hiring of bank locker is a contract of Bailment"However, according to the judgement of Atul Mehra v. Bank of Maharastra case,The court, in this case, held that exclusive possession of the goods is sine qua non for bailment.Therefore, mere hiring of a locker would not be sufficient to constitute a contract of bailment as provided under Section 148 of the Indian Contract Act, 1872And it was also added that the question of reasonable care and quantum of damages would arise only after it has been shown that actual exclusive possession of the property was given by the bailee to the bailor, i.e. the bank.