Multiple Choice Questions on A fee which a bank takes from a seller to release funds before the credit period ends is which........... for SEBI Grade A ( Officer) Exam Preparation

Back to Main Page

Multiple Choice Questions

A fee which a bank takes from a seller to release funds before the credit period ends is which...........

Finance (Phase -I & II) Banking and Financial system in India
    Download Solution PDF
     A fee which a bank takes from a seller to release funds before the credit period ends is which type of service:
     
    Factoring
     
    Incorrect Answer
    Bill Discounting
     
    Correct Answer
     Forfeiting
    Incorrect Answer

    Credit rating

    Incorrect Answer
    छोटे Courses बड़े Results
    Master Banking and Financial system in India
    Prepare through Micro-courses
    Try Now
    Explanation:
     Bill discounting is premature discounting of Bill of exchange by the banks after deducting certain amount as discounting charges.

    By: Vikas Goyal
    ProfileResources

    Let's Discuss

    Master
    Banking and Financial system in India
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free