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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Money Supply and Indian Financial System

  • question_answer
          What do we call an arrangement whereby an issuing Bank at the request of the Importer (Buyer) undertakes to make payment to the exporter (Beneficiary) against stipulated documents?

    A) Bill of Exchange

    B) Letter of Exchange

    C) Letter of Credit

    D) Bill of Entry

    Correct Answer: C

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