When the customer borrows money from the bank, the bank becomes the

Related MCQs

• When a customer deposits money with a bank, the customer becomes a lender and the bank become a__________
• When a customer Deposits money with a bank, the customer becomes a
• Imperial Bank was formed in ________ by the amalgamation of three presidency banks – the Bank of Bengal, the Bank of Bombay, and the Bank of Madras:
• ------------ is an anti money laundering measure specified in the prevention of money laundering act 2002.
• Where a customer by a letter has advised the bank directing the banker not to honour/pay a particular cheque such a letter is called
• ----------------means the transfer of money from one bank a/c to another electronically
• ___________is a central bank of a country. It acts as a leader of the money market.
• The State Bank of India was established under the State Bank of India Act on ----------------.
• Crossing is a direction to the---------------bank to pay the cheque to the payee through a bank.
• The first Indian bank known as “The bank of Hindustan” was started in