What is the full form of "CC"?
A. Central Co-operative
B. Credit Card
C. Country Club
D. Cash Credit
Answer: Option D
Solution(By Examveda Team)
Cash credit is a facility to withdraw money from a current bank account without having credit balance but limited to the extent of borrowing limit, which is fixed by the commercial bank. The interest in this facility is not charged on the borrowing limit, which is given by the bank but on the daily closing balance.This Question Belongs to Abbreviations >> Banking Abbreviations
Related Questions on Banking Abbreviations
What is the full form of "UTI"?
A. Unit Trust of India
B. United Tax Information
C. Uniform Tax for India
D. Undivided Individual Tax
What is the full form of "UCB"?
A. Union Cooperative Bank
B. Urban Cooperative Bank
C. United Corporation Bank
D. Unique Conveying Basis Points
What is the full form of "UBD"?
A. Undivided Banking Deposit
B. Unified Banking Deviations
C. Urban Banks Department
D. Urban Business Development
What is the full form of "SCB"?
A. Simple Cash Binding
B. Statistical Business Consortium
C. State Cooperative Bank
D. SMB Cooperative Bank
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