Question

A credit line that can be altered, amended, or canceled entirely by the issuing institution at any given time without providing prior notification to or receiving consent from the seller is known as a:

A Revocable Letter of Credit
B Irrevocable Letter of Credit
C Confirmed Letter of Credit
D Revolving Letter of Credit
E Sight Letter of Credit
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)