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A bank guarantee is a commitment by a bank to pay a beneficiary on behalf of a customer who is unable to fulfill a payment obligation. The bank acts as a guarantor, and is responsible for the customer if they are unable to make the payment. Bank guarantees can be performance guarantees (PG) or financial guarantees (FG). All bank guarantees have an expiry period and expiry date. As per RBI guidelines, Bank guarantees should generally not extend beyond 10 years. However, banks can issue guarantees for longer periods if they consider the impact on their Asset Liability Management. Ghosh Committee Recommendations on BG:
The Mughal Emperor who adopted the title 'Alamgir' was:
During Whose Reign Did Timur the Mongol Leader Invade India?
Who was the original builder of Jantar Mantar in New Delhi?
Which of the following King was also known as ‘Shah-e-bekhabar’?
The place where Mahatma Gandhi started his first satyagrah was?
The Mongols under ___________ invaded Transoxiana in north-east Iran in 1219.
Who was the first emperor of the Pala dynasty of Bengal?
Name the physicist who is credited with the discovery of the Neutron. This 1932 discovery led to his winning the Nobel Prize.
Who got the throne after the death of Mughal emperor Aurangzeb?
The Doctrine of Lapse was devised by