What are the different types of Loans offered by banks?

Correct Answer: It is a letter of credit or a contractual agreement between financial institute (Bank) and the party to which the letter is handed The ILOC letter cannot be cancelled under any circumstance and, guarantees the payment to the party It requires the bank to pay against the drafts meeting all the terms of ILOC It is valid upto the stated period of time For example, if a small business wanted to contract with an overseas supplier for a specified item they would come to an agreement on the terms of the sale like quality standards and pricing, and ask their respective banks to open a letter of credit for the transaction The buyer?s bank would forward the letter of credit to the seller?s bank, where the payment terms would be finalized and the shipment would be made

Correct Answer: SLR Rate is the minimum amount or percentage of the deposits that a bank has to keep with the RBI in the form of money,gold or any other approved security In simple terms it is the ratio between cash and some approved security

Correct Answer: In a market where the value of assets is falling, known as a bear market, traders might consider taking short positions, that is, borrowing assets they don?t own, selling them, and buying them back to return them at a later date when their price has fallen Meanwhile, those working in asset management or M&A might consider, or advise clients to consider, snapping up undervalued assets

Correct Answer: managers

Explanation:

Managerial accounting information is generally prepared for managers of an organization. It is also known as cost accounting, is the process of identifying, measuring, analyzing, interpreting, and communicating information to managers for the pursuit of an organization's goals. 

Correct Answer: Cash budget is the budget which is prepared under the finance budget It is an estimation of the expected cash receipts and cash payments during the budget period By preparing cash budget it becomes possible for the organisation to predict whether at any point of time there will be excess or shortage of cash Two main points should be remembered before preparing cash budget: Time period of the cash budget and the items to be included in the cash budget

Correct Answer: A crossed cheque indicates the amount should be deposited into the payees account and cannot be cashed by the bank over the counter Here in the image, number#2, you can see two cross-lines on the left side corner of the cheque that indicates crossed cheque

Correct Answer: NPA's

Explanation:

Bad loans in banking terminology are generally known as NPA's. A Non - performing Asset (NPA) is defined as a credit facility in respect of which the interest and installment of principal have remained 'past due' for a specified period of time.

Correct Answer: The job cost sheets constitute the subsidiary ledger for the Work in Process Inventory Account A job cost sheet is a form used to record the costs chargeable to a specific job and to determine the total and unit costs of the completed job Companies keep a separate job cost sheet for each job

Correct Answer: Low-income homeowner's exemption

Explanation:

Under state law limited exemptions from local real property taxes for individuals who qualify are senior citizens(blind and disabled persons), who may defer their taxes; Veterans, who receive $4000 off assessed value; and homeowners, who receive $7000 off assessed value.

Correct Answer: Debenture holder are those who provides long term loan at specific interest rate in term of cash and creditor provides only short term credit in term of cash for purchasing of goods