Advertisements
Advertisements
Question
State whether the following statement is true or false :
Bank overdraft facility is a long term facility.
Options
True
False
Solution
False
APPEARS IN
RELATED QUESTIONS
Write a word or a term or a phase which can substitute the following statement:
A slip used for depositing cash and cheque in the Bank account.
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.
Write a word or a term or a phase which can substitute the following statement:
The account which is generally opened by business organization.
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.
Select the correct option from below
Group ‘A’ | Group ‘B’ |
Overdraft | __________ |
Select the correct option from below
Group ‘A’ | Group ‘B’ |
________________ | Current Account |
Answer in one sentence:
What do you mean by stop payment of cheque?
Attempt the following:
Write a letter to the bank to stop payment of cheque.
Attempt the following:
Write a letter to bank for opening a current account
Distinguish between the following:
Fixed deposit account and recurring deposit account
Explain the following term/concept:
Discounting of Bills
Explain the following term/concept:
Cash Credit.
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.
Correct the underlined word and rewrite the following sentence:
Businessman opens Fixed Deposit Account.
Explain the following term/concept:
Fixed deposits
Choose the Correct Answer.
The Local Area Banks are promoting ______