Question
The negotiable warehouse receipt (NWR) system was launched
in which of the following year?Solution
The negotiable warehouse receipt (NWR) system was launched in 2011 allowing the transfer of ownership of a commodity stored in a warehouse without having to deliver it physically.
These receipts are issued in negotiable form, making them eligible as collateral.
This has been enabled by enabling the financing of warehouse receipts through the Warehouse (Development and Regulation) Act, 2007.
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