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International Business - II

Question

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The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is :
Letter of hypothetication
Letter of credit
Bill of lading
Bill of exchange.

Solution

D.

Bill of exchange.

Some More Questions From International Business - II Chapter

What purpose is solved by IMF (International Monetary Fund) ?

When GATT was evolved ?

Give meaning of WTO agreement.

Give the steps involved in the import of goods taken by one country.

Briefly explain “Advance license scheme” announced by Government of India to promote foreign trade.

Briefly explain “export promotion capital goods scheme”.

Which documents must be submitted to obtain IEC number ?

What is the main objective of WTO?

Write down any three features of international business.

Write down full name of EPZ and SEP.

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