Bank A grants an overdraft to ABC Ltd against book debts. This is secured by:

Related MCQs

• A cheque has been deposited by a customer with his bank for collection. The bank allows overdraft against the security thereof. The bank becomes
• The bank can consider ------------------ lien as their protection against loss on loan or overdraft which was given to its customers.
• A bank finances an agriculturist to buy a tractor. The loan is secured by:
• The rate of interest charged for the loan by the banker compared to overdraft and cash credit is generally.
• Reserve Bank means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, _________.
• In case collection of a bank draft the collecting banker is protected against conversion under _____ section of Negotiable Instruments Act 1881.
• The Reserve Bank of India is given the responsibility of regulating and supervising the _________ under Reserve Bank of India Act, 1934.
• Regional rural bank means a regional rural bank established under section 3 of the Regional Rural Banks Act, __________.
• It is a ----------------- obligation of a banker to honour the cheques of the customer drawn against current
• Who can file a criminal case against the drawer of a dishonored cheque?