Question

Match the Name of the Banking Service in Column I with its definition in Column II:

	Column I (Name of Banking Service)		Column II (Definition)
A.	Bank draft	i.	It allows the account holder to withdraw more than the balance.
B.	Banker's Cheque (Pay Order)	ii.	An order by one branch of bank to another in a different city to pay a specified sum to a beneficiary.
C.	Bank Overdraft	iii.	An order by one branch of a bank to another in the same city to pay a specified sum to a beneficiary.
D.	Cash Credit	iv.	It is an arrangement under which a customer a bank or financial institution is allowed an advance up to certain limit against limit credit granted by the bank.

Choose from the following options:

Options

• A-(iv); B-(i); C-(iii); D-(ii)

• A-(ii); B-(i); C-(iv); D-(iii)

• A-(ii); B- (iii); C-(iv); D-(i)

• A-(ii); B-(iii); C-(i); D-(iv)

Answer 1

A-(ii); B-(iii); C-(i); D-(iv)

Explanation:

	Column I (Name of Banking Service)		Column II (Definition)
A.	Bank draft	ii.	An order by one branch of bank to another in a different city to pay a specified sum to a beneficiary.
B.	Banker’s Cheque (Pay Order)	iii.	An order by one branch of a bank to another in the same city to pay a specified sum to a beneficiary.
C.	Bank Overdraft	i.	It allows the account holder to withdraw more than the balance.
D.	Cash Credit	iv.	It is an arrangement under which a customer a bank or financial institution is allowed an advance up to certain limit against limit credit granted by the bank.