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:

Related MCQs

• The account with a bank or other financial institution in which deposits earn interest and withdraws from which require notice is referred to as:
• The order written by the drawer to a commercial bank or central bank to pay on demand a particular sum to a bearer is referred to as
• The permission given to a bank customer to draw cheques in excess of his current account balance is called -
• A bank loan made without collateral security to a private customer for specific purposes is called:
• The proportion of a sum of money that is paid over a specified time period in payment for its loan is called:
• A plastic, personal magnetized card with the name and account number of the holder and the expiry date embossed is referred to as:
• The rebate or discount where ordinary share on a purchase that is accumulated for a particular period to encourage customers to remain with a specific supplier is called:
• Surplus earned by a factor other than land in the short period of referred to as-
• The measure of the total flow of goods and services produced by the economy over a specified time period, normally a year or a quarter is referred to as
• Which one of the following items is not included in the current account of India's Balance of Payments?