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The letter of credit issuing bank is also called as ---

Athe importer's bank

Bthe advising bank

Cnegotiating bank

Dthe reimbursement

Answer:

A. the importer's bank

Read Explanation:

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Related Questions:

Form Number --- consists of a declaration for creating a Gehan.

Which of these statements are true?

  • Statement 1: No banking Company shall grant any loans or advances on the security of its own shares.

  • Statement 2: Advance against their own shares is not allowed by banks, because these are prohibited under RBI Act of 1934.

Find out the correct Statement:

  • Statement I: Under PMFBY (Pradhan Mantri Fasal Beema Yojana) scheme, insurance Coverage and financial support is available to the farmers in the event of failure of any of the notified crop as a result of natural calamities, pests & diseases.

  • Statement II : Under PMFBY Scheme, if the insured farmers incur any loss in respect of the insured crop due to adverse weather conditions, such farmers are eligible for claims up to a maximum of 25% of the expenses incurred for cultivation.

Surety is also known as...
The ICA has ... member organizations around the world from ... different countries as on 26th March 2013.