The risk of payment is least under the LC, if a bank ---------the payments by confirming the LC.

Related MCQs

• "Services" include all the -------- tradable services covered under the General Agreement on Trade in Services where payments for such services are received in free foreign exchange
• Import of -----------------is allowed without payment of Customs duty under the Baggage Rules, 1994.
• What is the time of payment in cash in advance?
• What is the time of payment for documentary collection?
• Advance license facility enables ----------- to import inputs without payment of custom duty.
• Form GP1 is issued for the removal of excisable goods on payment of duty.
• Form GP2 is issued for the removal of excisable goods without payment of duty.
• For EOU units Disposal of used packing material will be allowed on payment of duty on
• The --------------is the premier organization in the country, which offers credit risk insurance cover to exporters, banks, etc.
• Exporter has to bear most of commercial risk.