Which of the following statements is/are correct about an overdraft? i. It is issued against security in current account. ii. The borrower is given the facility of borrowing only as much as he requires.

Which of the following statements is/are correct about an overdraft? i

1.	Which of the following statements is/are correct about an overdraft? i. It is issued against security in current account. ii. The borrower is given the facility of borrowing only as much as he requires.
A.	(i) only
B.	(ii) only
C.	Both (i) and (ii)
D.	None of these
Answer» B. (ii) only

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Which of the following statements is/are correct about an overdraft? i. It is issued against security in current account. ii. The borrower is given the facility of borrowing only as much as he requires.

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