A bank loan made without collateral security to a private customer for specific purposes 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 legal instrument that pledges a house or other real estate as security for repayment of a loan is called:
• The permission given to a bank customer to draw cheques in excess of his current account balance is called -
• Bank deposits that can be withdrawn without notice are called -
• Underground economic activity that is not declared for taxation 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:
• For hannelizing the unaccounted money for productive purposes the Government Introduced the scheme of :
• The profits retained in the business and set aside for specified purposes are known as
• The period of account used for financial purposes is known as:
• The market economy in which both private and public enterprises participate in economic activity is called: