Question
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 Interest is charged on the amount actually withdrawn.Solution
The correct answer is C
More Static GA Questions
GPS stands forints are of the height100cms?
Which Indian state celebrates the Bohada mask festival, showcasing a rich tradition of masks and dances?
Identify the longest national highway in India.
Who is the first bowler to take 10 wickets in an innings?
Who is the Prime Minister of the United Kingdom(UK)?
The Passenger – India Book is written by?
Which one of the following pairs is not correctly matched?
Russell Trophy is related to which game?
When is UN Day celebrated?
In how many cities did Maharaja Jai Singh II build Jantar Mantar?
Relevant for Exams:
