πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    Question

    Which of the following is a non-fund-based credit

    facility?
    A Overdraft Correct Answer Incorrect Answer
    B Cash Credit Correct Answer Incorrect Answer
    C Letter of Credit Correct Answer Incorrect Answer
    D Working Capital Loan Correct Answer Incorrect Answer
    E Demand Loan Correct Answer Incorrect Answer

    Solution

    Letters of credit and bank guarantees are non-fund-based facilities where funds are not disbursed unless obligation is triggered.

    Practice Next
    ask-question