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प्रश्न
Answer in one sentence:
What is bank overdraft?
उत्तर
The amount withdrawn by the current account holder in excess of the balance in his current account up to a predetermined limit decided by the bank on the basis of pre decided conditions, is known as Bank Overdraft.
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संबंधित प्रश्न
Answer in one sentence:
What is withdrawal slip?
Give one word/term/phrase which can substitute the following statement:
Alphanumeric code that facilitates electronic funds transfer in India.
Give one word/term/phrase which can substitute the following statement:
A form which is filled for depositing cash or cheque into bank.
Give one word/term/phrase which can substitute the following statement:
Left hand side of Pay-in-slip.
Do you agree or disagree with the following statement:
Bank advice is sent by the businessman to bank.
Do you agree or disagree with the following statement:
Pay-in-slip is used for depositing cheque into bank.
Select the most appropriate alternative from those given and rewrite the following statement:
When a cheque is deposited and collected by bank Pass Book is _________.
Select the most appropriate alternative from those given and rewrite the following statement:
A __________ is a summary of financial transactions that take place over a period of time on a bank account.
Complete the following statement:
The form filled for withdrawing cash from bank is known as __________.
Complete the following statement:
A businessman can update his records on receiving __________.
State whether the following statement is True or False with reasons:
Cheques deposited into bank but not yet cleared appears in the Pass Book only.
State whether the following statement is True or False with reasons:
Bank Statement is sent by Bank to businessman.
Draft the following specimen with imaginary Name, Account Number, Amount.
Bank Statement
Draft the following specimen with imaginary Name, Account number, Amount:
Withdrawal slip
Draft the following specimen with imaginary Name, Account number, Amount.
Bank Pass Book
Draft the following specimen with imaginary Name, Account number, Amount:
Bank Advice
Correct and rewrite the following statement:
The form filled for depositing cash or cheque into the bank is known as Pass Book.
Correct and rewrite the following statement:
Debit balance as per Pass Book is known as favourable balance.
