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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
State True or False.
Buying goods from other country is known as export trade.
Answer in brief.
Explain preliminary stage of import procedure.
What is export trade? Explain its procedure in detail.
STC is expansion for ______.
Mention the types of Indent.
What is Bill of Lading?
Distinguish between Bill of Lading and Charter Party
Which of the following is an objective of import trade?
A major advantage of import trade for a country is______.
India commonly imports which of the following to fulfill industrial demands?
