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
A and B can complete a job together in 30 days; B and C can complete the same job together in 25 days, while C and A can complete the same job together ...
Individuals 'A', 'B', and 'C' can complete a certain task independently in 3, 4, and 6 days respectively. If they collaborate on the task, how many days...
A can do a piece of work in 12 days, while B alone can do it in 18 days. They work together for 6 days and the rest of the work is completed by C in 4 d...
Suraj is one third as good as workman as Pankaj and together they finish a piece of work in 36 days. The number of days taken by Suraj alone to finish t...
P works thrice as fast as Q, whereas P and Q together can work four times as fast as R. If P&Q and R together work on a job, in what ratio should they s...
‘A’ can do a piece of work in 8 days. ‘B’ can do 40% of the same work in 16 days. If they work together for the entire time and get paid Rs.1500...
- ‘R’ completes a job in 10 days. ‘S’ is twice as efficient as ‘R’. How much time will they take to complete 120% of the work together?
Efficiency of A, and B are in the ratio of 3 : 4. If both can do a work together in 30 days. Find out how much days A will take to complete the work alone?
In a Construction site Men, Women and Children were working in the ratio 6:3: 1 to finish a job and their individual wages were in the ratio 3:1:2. Enti...
'Arun' alone can complete 60% of the work in 15 days, while 'Arun' and 'Bhaskar' together can complete 80% of the work in 7.5 days. Find the time taken ...
Relevant for Exams:
