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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:
Copying a process from memory to disk to allow space for other processes is called __________.
Which Chapters of the Indian IT Act, 2000 mandates the establishment of Cyber Appellate Tribunal?
Which of the following is the correct full form of HTTP
Which file format is most commonly associated with ebooks?
DDR is referred to_____________
What type of the device is a scanner?
What is the full form of DOS?
What is a common risk of oversharing personal information on social media?
What is the data called in computing?
What type of graphical model is used to define a database?