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Question
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.
Solution
Overdraft
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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
Write a word or a term or a phase which can substitute the following statement:
The account which is generally opened by business organization.
Select the correct answer from the options given below and rewrite the statement.
A company usually opens _____________ account in a bank.
Select the correct answer from the options given below and rewrite the statement.
__________ is used for depositing cash into a bank account.
Select the correct answer from the options given below and rewrite the statement.
__________ account is suitable to salaried people.
State whether the following statement is true or false :
In cash credit, customers account is credited by bank with sanctioned amount
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 :
Bank overdraft facility is a long term facility.
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.
Find the odd one:
Complete the sentence:
Accepting deposits and lending money are the primary functions of ______
Complete the sentence:
A financial institution which receives deposits and lends money is called as __________
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| ________________ | Current Account |
Justify the following statement:
Overdraft facility is given only to current depositors?
Distinguish between the following:
Loan and overdraft
Explain the following term/concept:
Cash Credit.
Explain the following terms/concept:
Advances
Explain the following term/concept:
Bank
Correct the underlined word and rewrite the following sentence:
Accepting deposits is the secondary function of Banks.
Write the meaning of ‘Bank.’
