Economics · Principles of Banking and Credit Facilities
Match the following Credit Facilities (Column I) with their typical functional nature (Column II): Column I (Credit Facility)Column II (Functional Nature)A. Term Loani. Short-term facility, payable on demandB. Cash Creditii. Medium/long-term credit with installment repaymentC. Bill Discountingiii. Finance extended against short-term trade billsD. Letter of Creditiv. Non-fund-based trade financing facilityE. Overdraftv. Running account credit facility up to a limit
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A–iv, B–ii, C–v, D–iii, E–i
- 2A–i, B–v, C–ii, D–iii, E–iv
- 3A–ii, B–i, C–iii, D–iv, E–v
- 4A–ii, B–v, C–iii, D–iv, E–i✓
Correct answer
A–ii, B–v, C–iii, D–iv, E–i
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