Advertisements
Advertisements
प्रश्न
Distinguish between the following:
Cheque & Bank Overdraft
उत्तर
| Sr. No. | Basis of Difference | Cheque | Bank Overdraft |
| 1. | Meaning | It is an unconditional order directing the bank to pay a mentioned amount to a certain person. |
It is a facility given to a current account holder to withdraw amount more than what he/she has in his/her account. |
| 2. | Charges | There are no charges | Interest is charged |
| 3. | Eligibility | All account holders are eligible for this facility. |
Only current account holders can enjoy this facility. |
| 4. | Dishonour | It can be dishonoured | It can never be dishonoured. |
| 5. | Fee | No fee is charged on the issue of a cheque. |
A small amount of fee is charged on the issuance of draft. |
| 6. | Reliability | A cheque might not get cleared due to numerous reasons like mismatch of signature and unavailability of funds. |
As it is issued only after the receipt of payment, it is more reliable. |
| 7. | Aim | It aims at facilitating businessman for effecting local payments. | It aims at facilitating immediate outstation payments. |
| 8. | Drawer | The drawer is the account holder of the bank. | A draft is the bank itself. |
| 9. | Facility extended to | Cheque facility is extended to account holders of the bank only. | A draft facility is extended to both account holders of the bank as well as outsiders. |
APPEARS IN
संबंधित प्रश्न
Write Short Note on the following:
Role of transport
Select the proper option from the options given below and rewrite the completed sentence.
In India railways are owned and managed by ________.
Select the proper option from the options given below and rewrite the completed sentence.
The costliest means of transport is ________.
Select the proper option from the options given below and rewrite the completed sentence.
Road transport is suitable for ________ distance.
Match the correct pairs:
| Group “A” | Group “B” | ||
| a. | RBI | 1 | Recurring deposit account |
| b. | Overdraft | 2 | 12 hours service |
| c. | Saving account | 3 | Withdrawals after fixed period of time |
| d. | ATM | 4 | Central Bank |
| e. | Fixed deposit account |
5 | Current Account |
| 6 | Salaried people | ||
| 7 | 24 hours service | ||
| 8 | Commercial bank | ||
| 9 | Cash credit | ||
| 10 | Withdrawal before fixed period of time. |
Match the correct pairs :
| Group “A” | Group “B” | ||
| a. | Life Insurance | 1 | Claim made by insured |
| b. | Mitigation of loss | 2 | Perishable goods |
| c. | Premium | 3 | Insurable interest |
| d. | Cold storage | 4 | Maximum loss |
| e. | Warehousing | 5 | Transfer of goods from one place to other |
| 6 | To minimise the loss | ||
| 7 | Imported goods | ||
| 8 | Principle of indemnity | ||
| 9 | Storage of goods | ||
| 10 | Payment made by policy holder |
Write a word or phrase or a term which can substitute the following:
Overdraft facility is given to a certain definite account holder.
Write a word or phrase or a term which can substitute the following:
An account where fixed amount is kept for a specific period.
Write a word or phrase or a term which can substitute the following:
An electronic letter through which the messages can be exchanged on the computer.
Distinguish between the following:
Road transport & Rail transport
Write Short Note on the following:
E-banking
Write Short Note on the following:
Rail transport
Write Short Note on the following:
Other modes of transport
State with Reasons whether the following statement is TRUE or FALSE.
The principle of indemnity applies to life insurance.
State with Reasons whether the following statement is TRUE or FALSE.
Transport helps in raising standard of living.
Answer the following question in short:
What are the agency functions of banks?
Answer the following question in short:
What is e-banking?
Answer the following question:
Describe the role of transport in modern times.
