Advertisements
Advertisements
Question
Correct the underlined word and rewrite the following sentence:
Under Cash Credit facility businessman /Accountholder can overdraw from his account.
Solution
Under Overdraft facility businessman /Accountholder can overdraw from his account.
APPEARS IN
RELATED QUESTIONS
Write a word or a term or a phase which can substitute the following statement:
Separate loan account under which the short term loan facility given by bank to the business
Select the correct answer from the options given below and rewrite the statement.
Withdrawals are not permitted from the ____________ deposit account.
Select the correct answer from the options given below and rewrite the statement.
Generally Interest is not paid on ___________ deposit account
Write a word or a term or a phase which can substitute the following statement:
The type of account for which higher rate of interest is paid to bank depositors..
Write a word or a term or a phase which can substitute the following statement:
The slip which is used for withdrawing money from Savings Account.
State whether the following statement is true or false :
Bank account of company is operated by shareholder.
State whether the following statement is true or false :
Overdraft facility is granted to Savings account holders.
State whether the following statement is true or false :
It is necessary to instruct the bank to stop payment of a cheque which is lost.
Answer in one sentence:
What is a Letter of Credit?
Answer in one sentence:
Which facility is given to Current Account holder?
Justify the following statement:
Overdraft facility is given only to current depositors?
Distinguish between the following:
Loan and overdraft
Explain the following term/concept:
Letter of Credit
Explain the following term/concept:
Cash Credit.
Explain the following terms/concept:
Advances
Explain the following term/concept:
Demand Deposits
Explain the following term/concept:
Fixed deposits
Explain the following term/concept:
Loans
Choose the Correct Answer.
Bankers are not only dealers of money but also leaders in ______