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प्रश्न
Define or explain the concept of Overdraft .
उत्तर
Overdraft facility is one of the primary functions of commercial banks. Overdraft facility is generally given to current account holders. Under this facility, commercial banks allow their customers to withdraw the amount from a bank in excess of their balance. The bank specifies the maximum limit of overdraft. Rate of interest is charged on the amount overdrawn.
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संबंधित प्रश्न
Overdraft facility is provided to saving account holders.
Bank rate is a quantitative measure of credit control.
Bank rate is a quantitative measure of credit control.
Match the following:
| Group 'A' | Group 'B' |
| (1) Adam Smith | (1)Private monopoly |
| (2) Railway | (2) Father of economics. |
| (3) Legal tender money | (3) Public monopoly |
| (4) D-mat account | (4) Principles of economics |
| (5) Bank rate | (5)Buying and selling of shares. |
| (6) Quantitative tool of credit control. | |
| (7) Fiat money | |
| (8) Selective method of credit control |
Answer with reason, whether you agree or disagree with the following statement.
The Central bank has control over credit creation.
Write explanatory note:
Qualitative credit control methods of the Central Bank.
State with reason whether you agree or disagree with the following statement.
Credit control is the function of the Central Bank of the country.
Answer in detail.
What are the qualitative measures of credit control?
Answer in detail.
Explain Regulation of consumer credit as a qualitative measure of the Central Bank of India.
