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प्रश्न
State with Reasons whether the following statement is TRUE or FALSE.
Overdraft facility is given to saving account holders.
पर्याय
True
False
उत्तर
Overdraft facility is given to saving account holders- False
Explanation:
Overdraft facility is given to current account holders. The term “overdraft facility” means a temporary arrangement in which a customer is allowed to withdraw an amount of money greater than the balance in his/her account. The excess amount can be withdrawn upto a certain limit subject to payment of interest in return.
संबंधित प्रश्न
Any ‘five types’ of banks.
Reserve Bank of India cannot accept deposits from public.
State with Reasons whether the following statement is TRUE or FALSE:
Central bank (RBI) connot accept deposit from the public.
Distinguish between:
Fixed Deposit Account and Recurring Deposite Account.
Explain different types of banks.
Choose the Correct Answer.
Foreign banks are begun their operation since ______
Briefly explain about Correspondent Banks?
What is a Central Bank?
Which of the following banks regulate the supply of money in the economy?
Assertion: Central banks control credit.
Reasoning: Commercial banks issue bank drafts.
Public Banks are the banks which are ______.
It carries out the country's monetary policy.
Name the central bank of our country.
What are the important functions of Central bank? Which of these functions are more important in a country like India?
What is Banker's Cheque?
______ are of several types, e.g., commercial, central, industrial, merchant, exchange, agricultural, cooperative, postal and indigenous.
Why was EXIM Bank set up in India?
