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प्रश्न
What is the Letter of credit?
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उत्तर
Letter of Credit (LC) is an undertaking by its issuer (importer’s bank) that bills of exchange drawn by the foreign dealer on the importer will be honoured upon its presentation by exporter’s bank up to a specified amount.
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संबंधित प्रश्न
Select the correct option and rewrite the sentence.
Major items __________ are ch emicals, crude oil and petroleum products, edible oils, electronic goods, gold and silver, pearl and precious stone.
State True or False.
Buying goods from other country is known as export trade.
Study the following case/situation and express your opinion.
Anurag is selling goods to Japan Kavita is buying goods from USA where as Ganesh 1s buying raw material from South Africa and after processing it sells finished goods to Malaysia.
Who is importer?
Define import trade. Explain its procedure in detail.
What is export trade? Explain its procedure in detail.
Mention the types of Indent.
What is Bill of Lading?
Which of the following is an objective of import trade?
A major advantage of import trade for a country is______.
Which of the following best illustrates a disadvantage of excessive import trade?
