Question
Which of the following is NOT a direct party to a Letter
of Credit (LC)?Solution
The main parties to a Letter of Credit are: • Applicant (Importer) • Issuing Bank • Beneficiary (Exporter) • Advising or Confirming Bank Insurance companies are not direct parties, though they may provide cargo or credit insurance separately.
What is correct for Securitization from the following statements?
Infrastructure Debt Funds (IDFs) can be set up as which of the following entities in India?
Evaluate the following statements regarding leadership styles and identify the option that accurately reflects their correctness or incorrectness:
<...According to the Union Budget 2023-24, consider the following statements.
1. The Prime Minister has given a vision for “LiFE”, or Lifestyle...
Payoff to a short position in a forward contract where the forward price is Rs.30 and spot price at maturity is Rs.55 will be _____
As per the NSE in October 2025, which of the following statements correctly describes the recent change in the derivatives market structure?
Crystallisation of outstanding Foreign currency liability into rupee liability, in case of non realisation of export bill, is to be done at ________
Consider the following statements regarding the Neobanks:
1) They are digital banks with multiple branches.
2) Jupiter is...
What provision is required for substandard infrastructure loan accounts?
Which of the Uniform Customs & Practice for Documentary Credits (UCP) rules issued by ICC, are currently in effect?
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