Download App

SOURCES OF FINANCE — Commercial Studies STD 10 — Question

ICSE BoardEnglish MediumSTD 10Commercial StudiesSOURCES OF FINANCE1 Mark
MCQ
What is the key difference between Cash Credit and Overdraft?
  • A
    Cash Credit is short-term, while Overdraft is long-term.
  • ✓
    Cash Credit is secured, while Overdraft is unsecured.
  • C
    Cash Credit is for businesses, while Overdraft is for individuals.
  • D
    Cash Credit is a credit facility, while Overdraft is a loan facility.
✓

Answer

Correct option: B.
Cash Credit is secured, while Overdraft is unsecured.
B

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "MCQ" from SOURCES OF FINANCE→SOURCES OF FINANCE — all question types→Commercial Studies STD 10 question papers→ICSE Board STD 10 question papers→ICSE Board question paper generator→

Similar questions

Creation of demand, improving the standard of living, customer satisfaction are objectives of _______.
→
Which of the following has these three features: tangible, durable and transferable?
→
The excess of assets over liabilities represents the_________of the owner.
→
Overheads are often related to accounting concepts such as fixed cost ______ and cost.
→
___________ are people who provide money as loans to commercial organisation.
→
Which of the following is a feature of the Environment Protection Act?
→
Selling pre-supposes the existence of demand for the firm's product; on the other hand, marketing involves creation and maintenance of ________ demand.
→
________is the standardised mark on jewellery.
→
_______describes E-commerce.
→
Which function of management helps in increasing sales?
→