Bank Guarantee and Letter and credit are the tools to provide way of non Fund based finance to business entities so that they can run their business smoothly.
Subscribe to get latest updates:
[wysija_form id=”1″]
Below given are a few questions that constitute the post for your reference.
1. Letter of Credit is issued for ________ transactions
A) Indigenous purposes
B) Foreign Purposes
C) Either A or B
D) Both A and B
E) None Of these
2. Which of the following is a Non Fund Based Loan?
A) Bank Guarantee and Letter of Credit
B) Loan Against Deposits
C) Loans against Gold
D) Loans against Mortgages
E) None Of these
3. Banking Ombudsmen can pronounce a maximum penalty upto?
A) 1 Lacs
B) 5 lacs
C) 10 lacs
D) 25 lacs
E) None of these
4. If in case you are not satisfied with the judgment given by the Banking Ombudsmen what you can do?
A) You can appeal the banking ombudsmen to revisit your matter
B) You can take help of court or Dispute Tribunals.
C) You can settle the matter out of Banking Ombudsmen
D) You can ask the bank directly to see your matter
E) None of these
You can read the entire material here
OR
Download [wpdm_package id=’1834′]
Some Important links:
Hola! If you haven't heard this quote yet, take a moment to read it here.…
"Think good an good follows. Think evil and evil follows. Think creative and creativity will…
Better late than never! Apologies for the delay in responding, but I'm here now to…
By providing accurate information, context, promoting critical thinking, raising awareness, connecting global and local issues,…
Current affairs coverage often showcases stories of individuals and communities making a positive impact. Q1.…
Current affairs coverage helps individuals understand the interconnectedness of global and local events. It shows…
