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Which institute is called a Debtor as we...

Which institute is called a Debtor as well as Creditor ?

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Banks are called debtors as well as creditors because banks accept various types of deposits from the public such as savings account deposit, current account deposit and fixed account deposit, and pay interest on them. ... Besides this, they grant loans and advances on the basis of the total deposits available with them.
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SUBHASH DEY-BUSINESS SERVICES -EXERCISE
  1. Under which of the following post a receipt is given by post office:

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  2. Which of the following can never dishonoured ?

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  3. Which of the following service of Bank permits withdrawal of money mor...

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  4. Which institute is called a Debtor as well as Creditor ?

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  5. To which insurance principle of Indemnity is not applicable ?

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  6. At what time the interest must be present in case of life insurance ?

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  7. Give full form of ATM.

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  8. What are the recent modes of communication ?

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  9. Which sevice provides protection from risk ?

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  10. Give two functions of e-banking.

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  11. Who can get an overdraft from a bank ?

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  12. Given one point of difference between private sector banks and public ...

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  13. To which insurance principle of Indemnity is not applicable ?

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  14. what is Hull insurance?

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  15. "The cause for loss must be related to the purpose of insurance . "whi...

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  16. "The insured must take care of his goods and other, for which insuranc...

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  17. "The insured must have an Interest in the subject matter of insurance....

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  18. Name the central bank of our country and which is the largest commerci...

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  19. "It is binding on both the parties of insurance to disclose all mater...

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  20. The insured should not be allowed to make any profit by selling damage...

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