Question
An LC which authorises the Advising Bank, to transfer,
at the request of the First Beneficiary the credit available in whole or in part to one or more other beneficiaries ( Second Beneficiaries) is known as _______Solution
A transferable credit is one that can be transferred by the original (first) beneficiary to one or more second beneficiaries. Unless specifically stated anLC is not transferable i.e. the LC is deemed to be transferable only if it is stated to be ‘Transferable’ in the LC. Second beneficiary has no right to transfer to third beneficiary
Who is the author of the book titled ‘Fearless Governance’?
Which of the following is the imitation of Taj Mahal of Agra?
Which of the following is not considered a greenhouse gas?
'Padhe Bharat’ reading campaign, launched by the Department of School Education and Literacy to support and encourage children to read for a joyful le...
The New India Insurance Co Limited was founded by Sir Dorabji Tata on July 23rd, 1919 and it was nationalized in which year?
The ‘National Policy on Biofuels’ notified by the Government in 2018 envisaged an indicative target of ethanol blending in petrol. However, conside...
The climate of a place is NOT affected by which of the following?
Where was the workshop on “5G Use Case Labs: Awareness and Pre-Commissioning Readiness” held?
In February 2022, West Bengal government launched an open-air classroomprogramme for students from Class 1 to 7, by the name ________.
Canker disease in citrus fruits is caused by:
Relevant for Exams:
