Get Advice on Live Video Call
Earn $ Cash $ with
consultations on Bissoy App

When the Exchange Bank sends all the documents to its branch in the importer's country with the instruction to deliver the shipping documents to the importer against the receipt of money from him, such documents are known as:

Correct Answer: Letter of Credit

Arrange the following in correct sequence of post shipment procedure in exportation process.
1. C and F agent submits the documents to the exporter.
2. Exporter intimates the importer about the shipment of goods.
3. Submission and negotiation of documents with bank.
4. Bank negotiates these documents to the importer's bank in the manner as specified in the letter of credit.
5. Documents are attested with the bill of exchange
6. The exporter gets immediate payment from his bank after signing letter of indemnity.
7. Importer receives the documentary bill of exchange, he releases the payment.
8. After receiving proceeds the exporter intimates the RBI by recording the facts on duplicate copy of GR.
9. The exporter receives subsidies and concessions if he is eligible.

Which two of the following are true regarding the distance-vector and link-state routing protocols?
1. Link state sends its complete routing table out all active interfaces on periodic time intervals.
2. Distance vector sends its complete routing table out all active interfaces on periodic time intervals.
3. Link state sends updates containing the state of its own links to all routers in the internetwork.
4. Distance vector sends updates containing the state of its own links to all routers in the internetwork.

S1: A man handed a pair of trousers to the departmental store-clerk and said,"I'd like these altered, please".
P: He said that free alteration is not possible without a receipt.
Q: The man said,"Okay, I'd like to return the trousers". The clerk took them back and returned his money.
R: The man pushed the money and said,"Now I want to buy them". The clerk put the trousers in a bag, issued receipt and handed him both.
S: The clerk asked for the sales receipt but after searching his pockets the man replied that he had lost it.
S6: Triumphantly he put the trousers and the receipt on the counter and said,'I'd like to have these altered, please."

The Proper sequence should be:

Which of the following is/are true about Bill of Exchange?
1. A bill of exchange requires in its inception two parties.
2. A bill of exchange or 'draft' is a written order by the drawer to the drawee to pay money to the payee.
3. Bills of exchange are used primarily in international trade, and are written orders by one person to his bank to pay the bearer a specific sum on a specific date.
4. Definition of 'Bill of Exchange' is mentioned in Section 6 of the Negotiable Instrument Act.

Re-arrange the following sentences into a meaningful paragraph. (A) comes into effect from today. The bank's savings account rate was 3.5 per cent during March 2003 to May 2011 for all savings bank account customers (B) The bank's decision comes two days ahead of RBI's monetary policy meet and is likely to trigger (C) with deposits of above Rs 1 crore, it said in a statement. The two-tier savings bank account interest rate (D) to 3.5 per cent, lowest in six years, a decision that will impact 90 per cent of its customers (E) The country's largest lender however will continue to pay 4 per cent interest on savings bank accounts (F) SBI today cut interest rate on savings bank account deposits up to Rs 1 crore by 0.5 per cent (G) rate war among peers. SBI's savings bank account base is of around Rs 9 lakh crore.

A, a bank officer, got compulsorily retired in 2014. Since the bank authorities did not release the leave encashment in his favour, he filed writ petition WP 2001 (W) of 2017 in Ranchi High Court for the same and also for the interest on the unpaid amount. The writ petition was disposed of by a learned Single Judge in December 2018 directing the bank to release the privileged leave encashment benefits to the petitioner to the extent he was entitled to in accordance with law within a certain period. The prayer for interest was not specifically denied by the court. The bank filed an appeal against the order. The Division Bench of Ranchi High Court in February, 2019 declined to admit the appeal. The bank authorities released the leave encashment in favour of the petitioner. However, A files a writ petition again for a direction to the bank to disburse interest to A at the rate of 18% per annum on leave encashment released by the bank. This petition is covered under which of the following?

Which of the following is/are false about Dishonour of Cheque?
1. Section 138 defines Dishonour of cheque in terms of issues such as insufficiency of funds in the account.
2. Such cheque has been presented to the bank within a period of twelve months from the date on which it is drawn or within the period of its validity, whichever is earlier.
3. Imprisonment for such offence may be extended for period of five year.
4. Section 138 apply unless - the drawer of such cheque fails to make the payment of the said amount of money to the payee or, as the case may be, to the holder in due course of the cheque, within fifteen days of the receipt of the said notice.

A' having lost the receipt for debt which he has paid to 'B' makes out another receipt himself and when 'B' sues him puts up the made-up receipt in evidence. In this case-

Read the passage carefully and choose the best answer to each question out of the four alternatives andclick the button corresponding to it.
There is a time in every man's education when he arrives at the conviction that envy is ignorance; that imitation is suicide; that he must take himself for better, forworse, as his portion; that though the wide universe is full of good, no kernel of nourishing corn can come to him but through his toil bestowed on that plot of groundwhich is given to him to till. The power which resides in him is new in nature, and none but he knows what that is which he can do, nor does he know until he hastried. Not for nothing one face, one character, one fact, makes much impression on him, and another none. This sculpture in the memory is not without pre-established harmony. The eye was placed where one ray should fall, that it might testify of that particular ray. We but half express ourselves, and are ashamed ofthat divine idea which each of us represents. It may be safely trusted as proportionate and of good issues, so it be faithfully imparted, but God will not have his workmade manifest by cowards. A man is relieved and gay when he has put his heart into his work and has done his best; but what he has said or done otherwise, shallgive him no peace. It is a deliverance which does not deliver. In the attempt his genius deserts him; no muse befriends; no invention, no hope. Which of the following does the author appear to highlight in this essay?

Read the passage carefully and choose the best answer to each question out of the four alternatives andclick the button corresponding to it.
There is a time in every man's education when he arrives at the conviction that envy is ignorance; that imitation is suicide; that he must take himself for better, forworse, as his portion; that though the wide universe is full of good, no kernel of nourishing corn can come to him but through his toil bestowed on that plot of groundwhich is given to him to till. The power which resides in him is new in nature, and none but he knows what that is which he can do, nor does he know until he hastried. Not for nothing one face, one character, one fact, makes much impression on him, and another none. This sculpture in the memory is not without pre-established harmony. The eye was placed where one ray should fall, that it might testify of that particular ray. We but half express ourselves, and are ashamed ofthat divine idea which each of us represents. It may be safely trusted as proportionate and of good issues, so it be faithfully imparted, but God will not have his workmade manifest by cowards. A man is relieved and gay when he has put his heart into his work and has done his best; but what he has said or done otherwise, shallgive him no peace. It is a deliverance which does not deliver. In the attempt his genius deserts him; no muse befriends; no invention, no hope. When is a man relieved and gay?