aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
  • Legal and Regulatory Aspects of Bank (JAIIB)- 5
  • Cash Credit facility is a
Multiple choice

Cash Credit facility is a

  1. fund-based facility

  2. non-fund based facility

  3. both fund and non-fund based

  4. All of the above

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Fund-based working capital products include cash credit, packing credit and short termed loans etc.

Keep practicing — related questions

  • Bills co-acceptance facility is a
  • The bank has paid life insurance premium of Rs. 30,000 on behalf of customer, but it is credited in the cas...
  • The outgoing cheque of Rs. 3,000 is recorded twice in the credit side of bank column of Two-Columnar Cash B...
  • The machinery is purchased for Rs. 30,000 and the payment is made through cheque, but is entered in credit ...
  • The interest of Rs. 500 is charged by bank, but is entered in the credit side of cash column. How to rectif...
  • Goods sold for cash worth Rs. 5,000 are correctly posted on credit side of 'sales account', but cash accoun...
  • The balance as per the pass book is Rs. 9,750. A debit balance of Rs. 4,680 is recorded as Rs. 6,840 in the...
  • An amount of Rs. 6,000 is credited twice in the bank column of cash book. Taking credit balances as per pas...
Play the full quiz 🎤 Practise this topic out loud

Practice this topic

  • Banking Services and Operations (1373 questions)
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy