Letter of credit (LC) is ---

Letter of credit (LC) is --- Correct Answer An instrument issued by a purchaser to guarantee payment

Bissoy MCQ

Related Questions

What is the role of the Credit Bureau? (A) Blacklist borrowers with bad credit record.(B) Collects credit information on borrowers and supplies the information back to lenders. (C) Gives credit assessment of borrowers. (D) Dictates credit decisions of financial institutions.
Which of the following statement/s is/are relating to credit rating agencies?
1. The three largest credit rating agencies rate India's sovereign debt at the highest investment grade.
2. CRISIL is the largest credit rating agency in India but is not among the largest three in the world.
3. The three largest credit rating agencies in the world are Moody's, Standard and Poor's and Fitch.
If in the word 'DISTURBANCE', the first letter is interchanged with the last letter, the second letter is interchanged with the tenth letter and so on, which letter would come after the letter T in the newly formed word ?
ABCDEFGH what letter is three "to " the right of the letter immediately "to the left of the letter three "to" the left of the letter two to the ritght of the letter f?
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If the position of the first letter of English alphabet is interchanged with the position of the fourteenth letter, second letter with fifteenth letter, and so on, in such a way that M is interchanged with Z, then which of the following letters will be 7th to the right of 13th letter from the right?
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z . Which letter in this alphabet is the eighth letter to the right of the letter and which is tenth letter to the left of the last but one letter of the alphabet?
Direction : Two statements I and II are given. These statement may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statements. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements. Mark answer :

I. The local co-operative credit society has decided to stop giving loans to farmers with immediate effect.
II. A large number of credit society members have withdrawn major part of their deposits from the credit society.
Kisan Credit Card (KCC) scheme introduced in .................. has emerged as an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle - free manner.
The objectives of forming SHG is (i) to build mutual trust and confidence between the bankers and the rural poor people.(ii) to encourage banking activities, both on the thrift as well as credit sides, in a segment of the population that the formal financial institutions usually find difficult to cover.(iii) to meet the needs of the poor by combining the flexibility, sensitivity and responsiveness of the informal credit system with the strength of technical and administrative capabilities and financial resources of the formal credit institutions.