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प्रश्न
______ is a revolving credit arrangement.
पर्याय
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.
APPEARS IN
संबंधित प्रश्न
Mention two differences between fixed deposits and demand deposits.
Briefly explain how Cash Reserve Ratio can be used to control credit.
What are Commercial banks?
Name one commercial bank in India.
What are current accounts?
______ deposits earn very low rate of interest on it.
Assertion (A): Central Bank provides loans to the commercial bank in the situation of financial distress.
Reasoning (R): Central Bank can order the government to help the bank facing the financial crisis.
Explain the term bank overdraft.
What are current deposits?
Give two differences between recurring deposits and fixed deposits.
