Banking Awareness - Basics Of Banking & Banking Terminology
Which credit facility is generally repayable on demand by the bank?
Which credit facility is generally repayable on demand by the bank?
medium Q4 of 15
Step-by-Step Solution
Step 1: Identify repayment flexibility
The question mentions repayment on demand.Step 2: Match with banking usage
Advances are often repayable on demand or within short notice.Final Answer:
Advance → Option DQuick Check:
On-demand repayment points to advances ✅
Quick Trick: Repayable on demand = Advance.
Common Mistakes:
- Confusing loans with on-demand facilities.
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