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Home Interview Accounting and Finance See What Others Are Saying!
  • Question
  • What is overdraft protection?


  • Correct Answer
  • Overdraft protection is a service that is provided by a bank to their customer For instance, if you are holding two accounts, saving and credit account, in the same bank Now if one of your accounts does not have enough cash to process the cheques, or to cover the purchases The bank will transfer money from one account to another account, which does not have cash so to prevent check return or to clear your shopping or electricity bills 


  • More questions

    • 1. Fixed Foreign Exchange rate can be changed by

    • Options
    • A. SEBI
    • B. Ministry of Finance
    • C. RBI
    • D. All of the above
    • Discuss
    • 2. The shortcut key to quit from tally is

    • Options
    • A. CTRL + Q
    • B. CTRL + ESC
    • C. CTRL + T
    • D. CTRL + P
    • Discuss
    • 3. Where can you define the icon for your Activity ?
    • Discuss
    • 4. A website main page is called

    • Options
    • A. start page
    • B. bookmark
    • C. search page
    • D. browser page
    • Discuss
    • 5. Standard deviation measures which type of risk?

    • Options
    • A. Non diversifiable
    • B. Economic
    • C. Systematic
    • D. Total
    • Discuss
    • 6. Explain What is the difference between debenture holders and creditors?
    • Discuss
    • 7. Who is responsible for maintaining the Accounts receivable in an organization?
    • Discuss
    • 8. What are the components of DataStage?
    • Discuss
    • 9. Credit sales are recorded as

    • Options
    • A. Accounts Receivable
    • B. Accounts Payable
    • C. Both A & B
    • D. None of the above
    • Discuss
    • 10. Which of the following is not a function of a Warehouse?

    • Options
    • A. Ensuring Profit
    • B. Stabilisation in price
    • C. Risk-bearing
    • D. Storage
    • Discuss


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