Question

How many distinct parties are legally involved in a standard contract of bank guarantee?

A Two parties: the indemnifier and the indemnified
B Two parties: the buyer and the seller
C Three parties: the applicant, the beneficiary, and the guarantor
D Four parties: the buyer, the seller, the opening bank, and the advising bank
E One party: the issuing financial institution
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)