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What do we call an agreement whereby an issuing Bank at the request of the Importer (Buyer) undertakes to take payment to the exporter (Beneficiary) against stipulated documents? a. Bill of exchange c. Letter of Exchange b. Letter of Credit d. Bill of entry
s
Letter of Credit is an agreement whereby an issuing Bank at the request of the Importer (Buyer) undertakes to take payment to the exporter (Beneficiary) against stipulated documents.
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Asked 10/5/2012 4:10:10 AM
Updated 11/5/2016 7:18:22 PM
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Letter of Credit is an agreement whereby an issuing Bank at the request of the Importer (Buyer) undertakes to take payment to the exporter (Beneficiary) against stipulated documents.
Added 11/5/2016 7:18:22 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [11/6/2016 10:23:51 AM]
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11- Buying of the annual requirements of an item during its season. a. Seasonal Buying d. Hand to mouth buying b. Scheduled Buying e. Tender Buying c. Speculative Buying
Question
Updated 11/1/2016 1:35:20 AM
1 Answer/Comment
Buying of the annual requirements of an item during its season is called Seasonal Buying.
Added 11/1/2016 1:35:20 AM
This answer has been confirmed as correct and helpful.
14- Which among the following body promoted securities Trading Corporation of India Limited (STCI) jointly with the Public sector Banks? a. SEBI c. Reserve bank Of India b. IDBI Ltd. D. ICICI Ltd
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Updated 11/5/2016 7:21:16 PM
1 Answer/Comment
Reserve Bank Of India promoted securities Trading Corporation of India Limited (STCI) jointly with the Public sector Banks.
Added 11/5/2016 7:21:16 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [11/6/2016 10:23:31 AM]
13- . …………..are the basic materials which have not undergone any conversion since their receipt from suppliers. a. WIP c. Raw Material b. Finished Parts d. Work Made Parts
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Updated 1/19/2014 9:22:10 PM
1 Answer/Comment
c. Raw Material are the basic materials which have not undergone any conversion since their receipt from suppliers.
Added 1/19/2014 9:22:10 PM
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [1/19/2014 9:27:00 PM]
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