When the Exchange Bank sends all the documents to its branch in the importer's country with the instruction to deliver the shipping documents to the importer against the receipt of money from him, such documents are known as:
A. D/A
B. Letter of Credit
C. D/P
D. Foreign Bill of Exchange
Answer: Option B
Related Questions on Business and Commerce
A. Commerce
B. Industry and commerce
C. Trade and commerce
D. Selling and buying of goods
Which of the following is not an economic activity?
A. A doctor practicing
B. A lawyer practicing law
C. A professional cricketer playing cricket
D. A student playing cricket
Which of the following is an extractive industry?
A. Cattle breeding
B. Forest cultivation
C. Hunting
D. Flour mills
Which of the following is not a manufacturing industry?
A. Iron and steel works
B. Flour Mills
C. Fruit canning
D. Mining
Join The Discussion