A bank overdraft occurs when:

Type: MCQ • Marks: 1

A. The bank balance available to the account holder is negative under an authorised overdraft arrangement

B. Cash is physically stolen

C. A cheque is deposited

D. The cash book has a positive balance

Explanation

An overdraft permits withdrawals beyond the available credit balance, subject to the bank's sanctioned limit and conditions.

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UPSC Principal & Vice Principal Management Finance Administration

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