Question

Shri Sukhiram, a trader of Nagpur city takes a Overdraft facility (of Rs 50,000) from his Current Account, then following relationship exists between them is Answer

A. O Mr Sukhiram will be creditor to the bank and Bank will be Debtor to Mr.Sukhiram

B. Mr Sukhiram and Bank both are Creditor to the Central bank

C. Mr Sukhiram and Bank both are Debtor to the Central bank

D. Mr Sukhiram will be Debtor to the bank and Bank will be Creditor to Mr Sukhiram​

Answer 1

Answer:

B. Mr Sukhiram and Bank both are Creditor to the Central bank