Question
Under which type of Letter of Credit (LC) is advance
payment allowed to the beneficiary before shipment?Solution
A Red Clause LC allows the beneficiary (exporter) to receive advance payment before shipping goods. It supports procurement or production ahead of dispatch and is useful in international trade finance.
he Reserve Bank of India has released the Financial Stability Report citing the condition of the bad assets of banks.Which of the following statements i...
How much funding has been allocated for equipping one lakh fishing vessels with transponders?
Slice, a financial technology company will merge with which small finance bank after getting approval from the Reserve Bank of India (RBI) in order to h...
Baikho Festival is associated with which of the following states?
Statistics Day is observed on June 29 in India to honor which notable figure in the field of statistics and economic planning?
In the event of the death of the girl child, what happens to the Sukanya Samridhi Account?
Who is the author of “ Bravehearts of Bharat : Vignettes from Indian History ” ?
Which Indian business school recently made it to the Financial Times Rankings 2023 for its executive education programs?
Recently which electric vehicle firm announce to invest $500 million for setting up its battery innovation centre (BIC) in Bengaluru?
Which bank has launched a Lifetime Zero Balance Savings Bank Account that offers customers a hassle-free banking experience without any minimum balance ...
Relevant for Exams:
