The permission given to a bank customer to draw cheques in excess of his current account balance is called -

Related MCQs

• A loan facility on the customer’s current account at a bank permitting him to withdraw up to a certain agreed limit for an agreed period, is referred to as:
• The bank cheques are processed by using -
• Which one of the following items is not included in the current account of India's Balance of Payments?
• The main reason why cheques can be regarded as money is that:
• A bank loan made without collateral security to a private customer for specific purposes is called:
• The bank account on which deposits do not earn interest, but can be with drawn by cheque at any time is called:
• In the balance of payments account, unrequited receipts and payments are also regarded as -
• The excess of price a person is to pay rather than forego the consumption of the commodity is called -
• The excess of the value of imports of goods and services over the value of exports of goods and services is called:
• The account with a bank or other financial institution in which deposits earn interest and withdraws from which require notice is referred to as: