The settlement system which settle transaction on a one to one basis without adjusting debits against credits

Related MCQs

• The policy which cover against bodily injury resulting in death or disablement arising from an accident that has been caused by external violent and visible means is:
• When a drawer draws a cheque without keeping sufficient balance and if the cheque is dishonored for insufficient funds, the drawer is punishable with and imprisonment which may extend to -------- and or a fine.
• The mechanism by which a person can make purchases without immediate cash payment
• Risk is evaluated on the basis of …………………………………….. theory
• Risk is evaluated on the basis of ___________ theory
• ___________ policy issued on the basis of the number of persons assured
• --------------is a quasi judicial authority appointed by the RBI to redress customer complaints against certain deficiency in banking services.
• Insurance provides security against …………………………..
• ……………………………….is the party who agrees to compensate the other person against possible losses
• ……………………………….is the party who gets his life of property insured against risk