Question
Which type of Letter of Credit allows for multiple
drawdowns up to a fixed limit?Solution
A Revolving LC allows for multiple uses up to a defined limit, particularly suitable for ongoing trade transactions.
A vessel contains 120 liters of a mixture in which oil and water are in the ratio 2:3. If 40 liters of this mixture are taken out and 'x' liters of oil ...
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A mixture contains salt and water in the ratio of 2:5 respectively. If the ratio of the cost of salt and that of the mixture of s...
A mixture contains ‘x’% milk. 30% of this mixture is taken out and is replaced with same quantity of water. This procedure is repeated two more time...
In a mixture of juice & water, 75 litres water is mixed due to which ratio changes from 3:4 to 1:2. Find initial quantity of mixture. (in lit...
A container has ‘2x’ litres of juice and ‘3y’ litres of soda. If 24 litres of soda is added to the container, the ratio of juice to soda becomes...
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