Letter of Credit is issued by ---

A Importer's bank
B Exporter's bank
C both
D none of these

Correct Answer: Importer's bank

A letter of credit is a document that guarantees the buyer's payment to the sellers. It is Issued by a bank and ensures the timely and full payment to the seller. ... Banks typically collect a fee, ie, a percentage of the size/amount of the letter of credit.Jan
Bissoy MCQ
#সাধারণ জ্ঞান #Social Islami Bank Ltd #Social Islami Bank Ltd - Officer - 2004

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জনাব ইমরান একটি কোম্পানির কাছ থেকে '১০/২০, নিট ১০০' শর্তে ধারে কিছু পণ্য ক্রয় করেন। তাঁর ব্যবসায় ঋণের ব্যয় কত? (Mr.Imran purchased some goods in credit terms '10/20, net 100. What is the cost of trade credit?)
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Suppose you are the account holder of a bank. The bank . The bank offered you a plastic card with a credit limit of TK. 20.000 and your account has to be settled in full at the end of each month. Usually there is an annual fee for using this credit facility . This type of plastic card is called ?
A Debit Card
B Credit Card
C Charge Card
D Pre-paid Card
Which shortcut key is pressed and then 'yes' is given in 'Use Debit/Credit Noted' to post entry in Credit Note and Debit Note in Tally
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B F11
C F12
D Alt + F12
Mr. A obtains new registration, voluntary registration, change of scheme from composition to regular scheme and from exempted goods/services to taxable goods/services. He can avail credit on inputs lying in stock. What is the time limit for taking said credit
A 1 year from the date of invoice
B 3 year from the date of invoice
C 5 year from the date of invoice
D None of the above
Letter of Credit (LC) is a banking instrument used for ----.
A Export-Import
B Foreign remittance
C Local money transfer
D Local trading
Letter of Credit (LC) is a banking instrument used for ------
A Export-Import
B Foreign remittance
C Local money transfers
D Local trading

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