Question
What is the major difference between a Cash Credit (CC)
and an Over Draft (OD) facility?Solution
Cash Credit (CC) is a short-term loan offered to self-employed customers and businesses to meet their working capital requirements, whereas an Overdraft facility is credit funding offered by banks to individuals and companies to withdraw money from the banks in which they have accounts, even if their account balance is low, zero or below.
The Army Training Command, Shimla, and The Indian Institute of Technology, ______ signed a Memorandum of Understanding (MoU) to establish a 5G test bed ...
What gives Red Soil its distinct red color?
What is the primary goal of SBI's "Har Ghar Lakhpati" initiative?
Which key focus areas are highlighted in the National Policy on Research and Development and Innovation in the Pharma-MedTech Sector?
What is significant about the newly discovered plant species Ceropegia shivrayiana found in the Vishalgad area of Kolhapur?
What trend in household financial savings was observed post-pandemic according to the RBI Deputy Governor?
Who has been appointed as the new chief of Research and Analysis Wing (RAW)?
Which organization recently launched the 'Ammunition Cum Torpedo Cum Missile Barge, LSAM 20 (Yard 130)' for the Indian Navy?
Which state government recently launched the ‘NTR Bharosa Pension Scheme,’ aimed at distributing enhanced pension amounts to various sections of the...
The world's first palm leaf manuscript museum is opened in which state?
