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
Identify the spice renowned for its anti-inflammatory effects and commonly used in Indian recipes.
In which state is the archaeological site of Surkotada situated?
When did PM Narendra Modi announce the National Hydrogen Mission to generate hydrogen from green energy sources?
The government of India has decided to rename the Ayushman Bharat-Health and Wellness Centers as ______ and the Union Health Ministry has sent a letter ...
The Thiksey Monastery, the famous Buddhist building is located in which State/UT of India?
For the current fiscal year 2022 -23, the government has increased the agricultural credit target from earlier Rs 16.50 lakh crore to how much _______?
In the global insurance industry, what is LIC's rank based on reserves according to a report by S&P Global Market Intelligence?
Which of the following is an inactivated (killed) polio vaccine developed in 1952?
Consider the following statements about Padma Vibhushan Award for the year 2020.
1. Shri George Fernandes received this award posthumously for P...
_________ is a significant festival of the Parsi people who practice Zoroastrianism as it marks the birth anniversary of Zoroaster.
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