Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfillment of its terms and conditions. What is this arrangement known in banking context ?

  1. Home
  2. Back

Question:
Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfillment of its terms and conditions. What is this arrangement known in banking context ?

1.Line of Credit

2. Loan on Credit

3. Loan against Credit

4.Letter of Credit

Posted Date:-2022-04-20 13:25:13

More MCQS Questions and answers

  1. repayable after an agreed period.
  2. When a Bank provides a loan for purchase of white goods, it is categorized as __________
  3. Which of the following statements about contribution (approximately) of agriculture sector in GDP is correct ?
  4. With Which of the following games , Baichung Bhutia is associated?
  5. As per Financial inclusion drive one of the following Banks introduced Tiny Cards with Bio metric identification. Which of the following is that Bank?
  6. Assembly Elections will take place in which one of the following States in January 2012 ?
  7. Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfillment of its terms and conditions. What is this arrangement known in banking context ?
  8. Financial inclusion means provision of ______
  9. The countries these days are most worried about the currency war. They are arguing about whose actions harmed the world economy the most. What are the views of the rich countries, particularly USA, in this regard ? (A) They feel that it was China who was unwilling to allow the Yuan to rise. (B) They feel that it was India who had snatched jobs in most of the European countries and USA. This made the situation more grim. (C) Some countries feel that it was Japan who allowed swapping of its currency with other nations and created a grim situation in world market.
  10. The Lokayukta of which of the following States had submitted a report on illegal mining of iron are in the State ?
  11. The usual deposit accounts of banks are __________
  12. Under the liberalised scheme of interest subsidy, Government of India provides interest subsidy on housing loan at the rate of ?
  13. Which of the following is correct statement ?
  14. Which of the following is known as cross selling by Banks? (A) Sale of debit card to a credit card holder. (B) Sale of insurance policy to a depositor (C) Insurance of Cash against cheque presented by a third party.
  15. Which of the following is NOT a Millennium Goal set by the UNO ?
  16. Which of the following Statements containing results of India's recent Census in NOT correct ?
  17. Which one of the following is not a salient feature of Debit Card ?
  18. Who among the following is the recipient of the Padma Vibhushan given in 2011 ?
  19. With reference to a cheque which of the following is the 'drawee bank' ?
  20. World leaders are to assemble in Rio de Janeiro in June 2012 for the United Nations Conference on Sustainable Development ( Rio + 20). All nations are going to make some commitment towards the goal of the conference. As per the agenda circulated, what commitment do world leaders want from India in the Conference ?
Search
R4R Team
R4Rin Top Tutorials are Core Java,Hibernate ,Spring,Sturts.The content on R4R.in website is done by expert team not only with the help of books but along with the strong professional knowledge in all context like coding,designing, marketing,etc!