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Question 1 reset
An indemnity contract is
Question 2 reset
What document is obtained from a customer who has lost a demand draft purchased by him, before issuing a duplicate?
Question 3 reset
The Counter guarantee is given by the beneficiary.
Question 4 reset
The validity period and the claim period of a bank guarantee fall on the same date.
Question 5 reset
On discounting a bill, does the bank become lawful holder of the bill?
Question 6 reset
The maker of the bill is called drawee.
Question 7 reset
The drawer of the bill is bound in case of dishonour of bill.
Question 8 reset
In a deferred payment guarantee, the guarantee is to ensure delivery of goods.
Question 9 reset
At whose request, is the letter of credit opened?
Question 10 reset
Letters of credit are not negotiable instruments.

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