ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    The negotiable warehouse receipt (NWR) system was launched

    in which of the following year?
    A 2010 Correct Answer Incorrect Answer
    B 2011 Correct Answer Incorrect Answer
    C 2012 Correct Answer Incorrect Answer
    D 2013 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    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.

    Practice Next
    More Alternate Sources of Finance Questions

    Relevant for Exams:

    ask-question