Question
What is the key function of a Letter of Credit (LC) in
international trade?Solution
The primary function of a Letter of Credit in international trade is to ensure payment to the exporter upon compliance with specified terms and conditions, reducing risk for both the importer and exporter.
__________ would invest up to Rs 2 trillion by 2038 in two phases (Scope I and Scope II) to achieve emission targets and these investments will involve ...
What key role does KABIL aim to play through its MoU with CSIR-IMMT?
How many people will undergo universal screening for Sickle Cell Anemia under the new mission?
Which of the following frontier highways is all set to be constructed near the China border by the year 2027 ?
Who has taken over as the Chief Justice of Madras High Court?
Consider the following statements about Pompe disease:
1. Recently, India’s first patient of Pompe disease was cured.
2. ...
Recently in which state the sub-office of Reserve Bank has been opened?
On which day was Bank of Baroda's green term deposit scheme, bob Earth, announced?
Which organization released the report titled "Towards Justice: Ending Child Marriage" on World Day for International Justice?
Consider the following statements:
I. India’ s overall ( merchandise plus services) exports increased from USD 52. 8 billion in June 2021 t...
