Write a letter to the bank for opening a Current Account.

Write a letter to the bank for opening a Current Account.
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Write a letter to the bank for opening a Current Account.
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Mark the correct option. a) The first loan on PPF accounts can be taken in the third year from the year of opening the account. b) The amount of Loan will be restricted to 25% of the balance at the account end of the second year preceding the year in which the loan is applied for. c) The loan is repayable either in lump sum or in convenient installments of not more than 36. d) All the above

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1 Started business with cash ₹ 30,000.  2 Opened a current account with the bank and deposited ₹ 9,000. 

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i. Joint Stock Company opens Current Account. ii. Generally, no interest is paid by the bank on the Current Account.

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The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

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An account for which a bank acts as an uninterested third party is termed as _______ A. Savings Account B. Current Account C. Reserve Account D. Escrow Account

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An EEFC account can be held only in the form of ________ A. Savings Bank Account B. Deposit Account C. Current Account D. Both (B) and (C) E. None of the Above

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Last Answer : C. Current Account Explanation: An EEFC account can be held only in the form of a current account. No interest is payable on EEFC accounts.

An EEFC account can be held only in the form of a ________ A. Current Account B. Savings Bank Account C. loan Account D. All of the Above E. None of the Above

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____is a Current Account Maintained by one Domestic Bank on behalf of other domestic bank in foreign bank in foreign currency A. BSBDA B. CA C. LORO Account D. Mirror Account E. None of the Above

Description : ____is a Current Account Maintained by one Domestic Bank on behalf of other domestic bank in foreign bank in foreign currency A. BSBDA B. CA C. LORO Account D. Mirror Account E. None of the Above

Last Answer : C. LORO Account Explanation: LORO Account is a Current Account Maintained by one Domestic Bank on behalf of other domestic bank in foreign bank in foreign currency.

________ is a temporary pass through account held by a third party during the process of a transaction between two parties. A. Savings Bank Account B. Current Account C. Deposit Account D. Escrow Account E. None of the Above

Description : ________ is a temporary pass through account held by a third party during the process of a transaction between two parties. A. Savings Bank Account B. Current Account C. Deposit Account D. Escrow Account E. None of the Above

Last Answer : D. Escrow Account Explanation: Escrow Account: Account in which funds are accumulated for specific disbursements. It is a temporary pass through account held by a third party during the process of a transaction between two parties.

The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Last Answer : an overdraft

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Is it illegal to use your husbands bank card with your name not on the account but he has you write checks from it to pay bills?

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Last Answer : Not if he knows about it and gave you the card.

Receptacle outlets aboard ship should be designed so those mounted according to 46 CFR 111 have _____________. A. there must be a sufficient number of receptacle outlets in the crew accommodations for an adequate level of habitability B. each receptacle outelt must be compatible with the voltage and current of the circuit in which it is installed C. a receptacle outlet must not have any exposed parts with the plug opening uncovered D. all of the above

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Last Answer : Answer: D