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Question : Which of the following is a not part of advancing of loans?
 

Option 1: Cash credit
 

Option 2: Demand deposits
 

Option 3: Short term loans
 

Option 4: Overdraft facility
 


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Demand deposits
 


Solution : Demand deposits is cash left in a bank account that the depositor can withdraw at any time, without giving prior notice to the bank. 
Hence Option B is correct.

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