ECONOMICS (CBSE/UGC NET)

ECONOMICS

TRADE EXCHANGE AND INTERDEPENDENCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Under open account arrangement, the credit status and general reputation of the buyer and seller are
A
good (Trust has built up between parties)
B
poor
C
moderate
D
None of the above
Explanation: 

Detailed explanation-1: -An overdraft is a temporary loan that allows bank customers to continue paying bills or withdrawing money even after their accounts are empty. This can be useful in emergencies, especially if the bank offers overdraft protection.

Detailed explanation-2: -The Certified copy of the Trust Deed document is generally required for opening a Trust account in the banks, if there is no Trust Deed, a certified copy of the order from a competent Court in this regard to be submitted.

Detailed explanation-3: -Registration Certificate of Trust / Society / Association/ Club. Trust Deed / Bye-laws / Constitutional Document (If unregistered, notarized copy to be obtained) Copy of PAN Card. Income Tax registration u/s 12A for entities as specified in RBI circular. More items

There is 1 question to complete.