Banking Awareness - General Knowledge Questions and Answers

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M/s XYZ company has got an order to supply Machinery to M/s ABC Co of Nigeria. Who has to get a Letter of Credit issued from a Bank?

M/s ABC since they are the importers

M/s XYZ since they are the exporters

Both since they are the parties to the agreement

RBI since they regulate the Foreign Trade in India

Answer : Option A

Explanation :

Explanation Not Provided

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