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प्रश्न
______ is a revolving credit arrangement.
विकल्प
Overdraft
Discounting of Bills
Cash credit
Loans and Advances
उत्तर
Cash credit is a revolving credit arrangement.
Explanation:
Because the borrower can take up to his cash credit limit according to his needs and deposit any surplus, cash credit is a revolving credit arrangement.
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संबंधित प्रश्न
Define a commercial bank.
State two advantages of a bank account.
What are current accounts?
A depositor is allowed to withdraw more money than what is there in his account:
- What is the facility called?
- In which type of account is it permitted?
Explain the features of savings bank account.
Commercial banks accept deposits, lend money and provide other services.
A ______ is meant for day to day transactions.
Which of the following statements are true?
- A bank collects money from those who have surplus funds and lends this money to those who require it.
- Commercial banks do not transfer funds from one place to another.
- The principle objective of commercial banks is to earn profit.
The current account holders are not given interest on their deposits. The reason being:
Explain three main features of a current bank account.
