Question
An LC which authorises the Advising Bank, to transfer,
at the request of the First Beneficiary the credit available in whole or in part to one or more other beneficiaries ( Second Beneficiaries) is known as _______Solution
A transferable credit is one that can be transferred by the original (first) beneficiary to one or more second beneficiaries. Unless specifically stated anLC is not transferable i.e. the LC is deemed to be transferable only if it is stated to be ‘Transferable’ in the LC. Second beneficiary has no right to transfer to third beneficiary
________________ has acquired a 4.93 per cent equity share in Indian Gas Exchange Limited.
Who won silver in men’s category in the BWF World Championships 2021 in Huelva, Spain?
Which organization has partnered with IIT Delhi to develop THz communication front ends for the Bharat 6G initiative?
In which year will the first Children’s Booker Prize be awarded?
The government has set an ambitious goal of achieving _________ of renewable energy capacity by the end of 2022.
Which scheme is designed for non-resident Indians (NRIs) to simplify their account opening process with the State Bank of India (SBI)?
Consider the following statements:
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II. It is the ...
The Children's Right to Free and Compulsory Education Act came into effect from 1 April 2010, which received Presidential assent and was notified as law...
In which location was Jammu & Kashmir’s first Gen Z Post Office inaugurated?
Who was awarded the Indian of the Year 2025 in the Business category for contributions to India's defence manufacturing?
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