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Mission RRB 2023 | Marathon Class | Exam Level Puzzle | By-Prakul Sir
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A Definitive Guide to Opening Bank Accounts in India for Foreign Nationals and Tourists - Your Key to Banking Knowledge and Exam Success. Read full Article Here: https://lnkd.in/dKzeSAbJ
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A Definitive Guide to Opening Bank Accounts for Foreign Nationals and Tourists
India, with its rich cultural heritage and diverse educational opportunities, attracts a significant number of foreign nationals, including students, researchers, and tourists. To facilitate their financial transactions and ease their stay, the Reserve Bank…
3 Questions Related To the Aricle Updated Too, Try To answer the same at the end of the article.
Demystifying Standby Letter of Credit (SBLC): A Crucial Tool in International Trade and Banking - Everything You Need to Know for Exams, Interviews, and Banking Insights! Full Article Here: https://lnkd.in/dzjPi-rD
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Understanding Standby Letter of Credit (SBLC) and Its Role in International Trade
Standby Letter of Credit (SBLC) and Letter of Credit (LC) are both used in international trade to ensure financial safety for importers and exporters. While LC is a primary method of payment, SBLC serves as a secondary method used when there is a risk of…
Mastering the Red Clause Letter of Credit: Gain Essential Banking Knowledge for Exam Success and Interview Excellence! Read Full Article Here:
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The Red Clause Letter of Credit and Its Advantages
In the world of international trade, a variety of financial instruments are utilized to facilitate smooth transactions between buyers and sellers. One such instrument is the Red Clause Letter of Credit (LC), a valuable financing tool that provides flexibility…
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RBI GRADE B 2023 || Data Interpretation || D.I || Mensuration Based D.I || By-Prakul Sir
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RBI GRADE B 2023 || CURRENT AFFAIRS 2023 || BY-PRAVEEN SIR
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Cracking the Code: Unveiling the Revised Provisions for Dishonored Cheques and Their Significance in the Banking World.
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Revised Provisions for Dishonored Cheques: Sections 143A and 148 in Negotiable Instruments Act
The Negotiable Instruments (Amendment) Act, 2018 received presidential assent on August 2, 2018. The amendment introduced two new provisions, Section 143A and Section 148, to the Negotiable Instruments Act (NI Act).
Based On Above Article Please Answer: Which of the following statements is true about the revised provisions for dishonored cheques?
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12%
The revised provisions only apply to corporate entities.
76%
Section 148 allows for the initiation of criminal proceedings against the drawer of a dishonored che
17%
The revised provisions do not impose any penalties on the drawer of a dishonored cheque.
10%
The revised provisions solely focus on the responsibilities of the bank.
Unraveling UCPDC: Exploring Key Guidelines for the Banking Sector.
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Unraveling UCPDC: Exploring Key Guidelines for the Banking Sector
The Uniform Customs and Practice for Documentary Credits (UCPDC) serves as a vital framework for international trade transactions in the Indian banking sector. Specifically, it plays a significant role in facilitating secure and efficient transactions related…
Based On Above Article Answer: What is the purpose of examining documents under UCPDC rules?
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7%
To delay the payment process.
29%
To ensure compliance with the underlying contract.
56%
o determine the authenticity and conformity of presented documents.
8%
To prioritize the interests of the beneficiary over the issuing bank.