Loans

Q. If the collateral offered is a salary certificate, the loan availed is known as cash credit.

1. True
2. False

Q. Which of the following allows customers to withdraw money above the balance in their accounts?

1. Cash credit
2. Current deposit
3. Fixed deposit
4. Overdraft facility

Q. refers to physical assets that act as a security for the loans customers avail from banks.

1. Credit
2. Collateral
3. Savings
4. Deposits