Question
Which of the following is true about Cash Credit (Bank Loan)?
Which of the following is true about Cash Credit (Bank Loan)?
I. Cash credit is an arrangement whereby the bank allows the borrower to draw amount up to a specified limit.
II. Interest is charged on the amount actually withdrawn.
More Economy and Banking and Finance Static Concepts Questions
- Which of the following statements is true about Debt-Service Ratio?
- Consider the following statements regarding bridge loan: (A) It is a loan made by a bank for a longer period to make up for permanent shortage of cash. (...
- Expand the term ALM as used in Banking/Finance sector.
- Which of the following statements is true about Debt-Service Ratio?
- BIFR stands for
- The Maximum time period of the Recurring Deposit is
- Which of the following union ministry has initiated the Project Mausam?
- Which of the following person is not the Deputy Governor of RBI?
- Which of the following facilities is given to the individual to continue withdrawing money even if he/she has no enough funds in his/her account?
- The latest entry in the Private sector bank is
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)