Question

What is the main function of an advising bank in a documentary credit transaction?

A To approve the buyer’s creditworthiness
B To issue the letter of credit to the seller
C To verify the documents presented by the seller and make payment
D To notify the seller of the letter of credit issued by the buyer’s bank
E To handle the shipment of goods from the seller to the buyer
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)