BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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?
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M/s ABC since they are the importers
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M/s XYZ since they are the exporters
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Both since they are the parties to the agreement
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RBI since they regulate the Foreign Trade in India
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Explanation:
There is 1 question to complete.