Banking and Insurance Trivia

When the fixed loan comes near to its maturity, the interest amount on the loan _____

The standard rate at which RBI is prepared to buy or rediscount bills of exchange or other eligible commercial paper from other Banks is called.

Generally, an asset that has remained below standard for up to 12 months is known as

Cheque is always drawn on

A negotiable instrument can be negotiated

The maker of a bill of exchange is called _______and the person directed to pay is______

Advance limit against ______are considered secured because documents of title of goods are generally with such bills.

Which of the following is not an Advantage of overdraft?

_____ Interest rate varies with market conditions.

In a mortgage. Which fee is not paid by borrower?