Question
Which of the following types of documentary credit
allows the beneficiary (exporter) to receive payment even if the documents do not comply with the exact terms of the credit?Solution
A revocable letter of credit allows the terms and conditions to be modified or canceled by the importer (buyer) or issuing bank without the beneficiary's consent. This can result in the exporter being paid even if the documents do not fully comply with the letter of credit terms, as long as the changes are acceptable to the involved parties.
Who was appointed as the Managing Director (MD) of the National Film Development Corporation (NFDC) in May 2025?
- The Mandovi River is often referred to as the lifeline of which Indian state?
The launch of the āShatavari ā For Better Healthā campaign by the Ministry of Ayush focuses on promoting which medicinal plant?
Which of the following statements about the 38th National Games are correct?
1. Uttarakhand is hosting the National Games for the first time.
...Which country officially declared the bald eagle as its national bird in 2024?
Principles of Political Economy and Taxation, which introduced the theory of comparative advantage, was authored by:
The Olympic Winter Games 2026 would be played in_______.
- The Serengeti Wildlife Sanctuary is located in:
On which date āInternational Day of Familiesā is celebrated every year?
- During spring, plants primarily transport stored food from their roots to which structures?
