Question
A ______ is a document from a bank guaranteeing that a
seller will receive payment in full as long as certain delivery conditions have been met.Solution
Letter of Credit is a written undertaking given by a bank (issuing bank) to the seller or exporter (beneficiary) on the instruction of the buyer or importer (applicant) to pay at sight or at a determinable future date up to a stated amount of money subject to the beneficiary’s satisfactory compliance of presentation of documents. It is also known as a documentary credit.
Which country announced its withdrawal from the World Health Organization (WHO) in January 2025?
Which of the following factors is responsible for the disease called ‘Mad Hatter’s Disease’?Â
When was the Suresh Tendulkar committee formed to review methodology for poverty reduction in the country?
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Which among the following correctly explains dematerialization of shares?
Which of the following options is correct regarding sexually transmitted disease (STD)?
Statement A: Sexually transmitted diseases (STDs) are i...
Which is the law enacted in India to protect children from sexual offences?
Who won the Bharat Ratna in 2024 (posthumously)?
The stretch between Mumbai to Goa of western coast of India is known as _________.
Which bank is NOT included in the list of banks identified by RBI for phase-wise participation in the retail pilot project for selecting individuals/acc...
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