Question

Which type of Letter of Credit contains a clause printed in a specific color that enables the beneficiary to avail of an advance before effecting the shipment of goods?

A Revolving LC
B Back-to-Back LC
C Standby LC
D Red Clause LC
E Transferable LC
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)