M/s XYZ company has got an order to supply Machinery to M/s ABC Co of Nigeria. Who has to get a Letter of Credit issued from a Bank? Options: A . &nbspM/s ABC since they are the importers B . &nbspM/s XYZ since they are the exporters C . &nbspBoth since they are the parties to the agreement D . &nbspRBI since they regulate the Foreign Trade in India

M/s XYZ company has got an order to supply Machinery to M/s ABC Co of Nigeria. W

Question

M/s XYZ company has got an order to supply Machinery to M/s ABC Co of Nigeria. Who has to get a Letter of Credit issued from a Bank?

Options:

A . M/s ABC since they are the importers

B . M/s XYZ since they are the exporters

C . Both since they are the parties to the agreement

D . RBI since they regulate the Foreign Trade in India

Answer: Option A

Submit Your Solution Below and Earn Points !

Next Question

Question 1. What is 'Packing Credit'?....

Question 2. What is NOT true with regard to Currency Chests in India?....

Question 3. What is 'Net Interest Margin' of a Bank?....

Question 4. Recently Parliament has pass-ed Companies Act 2013. What is NOT true with regard to some of the features of the Act?....

Question 5. Validity period of "Demand draft" is....

Question 6. According to "Micro small medium enterprise development Act - 2006 (MSME Act - 2006)" investment limit for micro enterpr....2006)" investment limit for micro enterprise in manufacturing sector is

Question 7. Who is primarily liable on a cheque?....

Question 8. The effect of a crossing a cheque is....

Question 9. A cheque crossed as ‘Payees a/c only” is direction to....

Question 10. The provisions contained in section 138 of the negotiable instruments act 1881 shall....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0