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Question
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| ________________ | Current Account |
Options
Accepting Deposits
Current Account
Letter of Credit
Businessman
Solution
| Group ‘A’ | Group ‘B’ |
| Businessman | Current Account |
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RELATED QUESTIONS
Write a word or a term or a phase which can substitute the following statement:
The short term credit facility given by bank to current account holder.
Select the correct answer from the options given below and rewrite the statement.
Bank provides overdraft facility to ___________ account holder.
State whether the following statement is true or false :
Bank overdraft facility is a long term facility.
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| Overdraft | __________ |
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| Primary Function | __________ |
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Answer in one sentence:
What is a Letter of Credit?
Answer in one sentence:
Which facility is given to Current Account holder?
Attempt the following:
Write a letter requesting the bank to issue a letter of credit.
Attempt the following:
Write a letter requesting the bank for granting overdraft facility
Attempt the following:
Write a letter to bank for opening a current account
Justify the following statement:
There is a difference between Loans and Advances given by the Bank.
Distinguish between the following:
Fixed deposit account and recurring deposit account
Distinguish between the following:
Loan and overdraft
Explain the following term/concept:
Discounting of Bills
Explain the following term/concept:
Current deposits
Explain the following term/concept:
Savings Deposits
Explain the following term/concept:
Time Deposits.
Explain the following term/concept:
Demand Deposits
Correct the underlined word and rewrite the following sentence:
Under Cash Credit facility businessman /Accountholder can overdraw from his account.
