The short-term advances made by a bank to the stock brokers and bill brokers are called ___________.

Money at call

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Short loan

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Short provision

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Inter-office adjustment

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Money at call
Call money and notice money are short term advances made by banks to stockbrokers, jobbers, and bill brokers, repayable on demand (i.e., at “call”) or at up to 7 or 14 days (“at short notice”). This item represents the bank's most liquid item, after cash.

Suggest Corrections

Similar questions

Q. On selling a piece of land at

6, 20, 000

, a broker earned

3 %

from the seller and

1 %

from the buyer? What is the amount made by broker?

Q. Broker A earns 3% commission and Broker B earns 4%. Broker A sold 50 houses in a month for ₹ 24,00,000 each and Broker B sold 45 houses in a month for ₹ 20,00,000 each.
How much do Broker A and Broker B earn in a month combined?

Q. A car was sold at

R s 80, 000

through a broker. The broker charged

2.5 %

brokerage from both the seller and the buyer. What is the total amount of brokerage received by the broker?

A law was passed to _______ brokers who ________ with their customers' funds.

A share broker keeps complete knowledge about share market conditions. The directors of a company take his help to make a fresh issue of the proposed company. Later on, it was found that the share broker himself has brought a maximum number of shares of the company through unfair means with an objective of doing price rigging.

(i) Which market did the share broker work in and represented what possible institutions to make fresh issues for the company?

(ii) What are the unfair means undertaken by the share broker called? What does it mean?

(iii) Which regulatory body can protect investors and punish the share broker from this unfair means?

Join BYJU'S Learning Program