When a banks make an advance to lump sum, the whole of which is withdrawn in cashimmediately by the borrowers who undertakes to repaid it in installments, it is called

Related MCQs

• ______________ is the right of a person to retain the property of another person in his possession untill the debt from that owner of that property is repaid
• Demand deposits are those which can be withdrawn ------------------
• Commercial Banks make money available to public by
• Rediscounting and giving advance the central bank charges interest at a rate which is known as --------------.
• The insurer agrees to compensate the insurer in consideration of a sum of money is called
• Co-operative banks which work at metropolitan level are called as?
• A cheque is an order to a bank to pay a stated sum from the
• The minimum sum insured under Fire insurance is
• Which banks which accept deposits from the public and lend them mainly to commerce for short periods?
• Which of the following limits the power of credit creation by commercial banks