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
In each of the following questions, an idiomatic expression/a proverb has been underlined – followed by four alternatives. Choose the one which best ...
Select the most appropriate option to substitute the bold segment in the given sentence.
Because of his misbehaviour, he is bound to face the...
Select the most appropriate meaning of the given idiom.
To bear the palm
The agent did a _______________ on me and took away my hard-earned money. I should have been more careful.
In the given question a sentence with a blank is given. From the options choose the idiom which will fit perfectly in the blank and make the sentence c...
In the question below, a sentence is given with a part missing. From the options below, choose the correct combination of idioms that can fit in the bl...
Select the proverb that best matches the meaning of the given sentence.
Sentence: Success comes to those who prepare and act quickly.
In each of the following questions, an idiomatic expression/proverb has been italicised– followed by four alternatives. Choose the one which best exp...
- Choose the option which best expresses the meaning of the idiom/phrase in bold in the sentence.
He promised to pull out all the stops to make the e... In the following question, a sentence is given with a phrase or idiom highlighted in bold. Select the option given below that can replace the highlight...
Relevant for Exams:
