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प्रश्न
Explain the following term/concept:
Letter Of Credit.
उत्तर
- A letter of credit is a guarantee issued by the importer's bank that it Will honor the payment of up to a certain amount of export bills to the bank of the exporter.
- It is generally demanded by the exporter country.
- It gives assurance to exporter country about its payment of goods exported.
APPEARS IN
संबंधित प्रश्न
Select the correct option and rewrite the sentence.
_________ open their shops on market days i.e. on fixed days.
Match the pairs.
| Group ‘A’ | Group ‘B’ |
| A) | Departmental Store | 1) | Carry goods on heads |
| B) | Market traders | 2) | Uniform Price |
| C) | General shops | 3) | Business on market day |
| D) | One price shop | 4) | Most common shop |
| E) | Peddlers | 5) | Huge capital |
| 6) | Distribution through branches | ||
| 7) | Carry goods on carts | ||
| 8) | Sale used articles | ||
| 9) | Specialized goods | ||
| 10) | Auth oriz ed dealers |
Give one word/phrase/term:
An order placed by an importer for the supply of certain goods.
State True or False.
Departmental store located out of the city
State True or False.
Customers cannot bargain in one price shop.
Complete the sentence.
The original form of trade was _________.
Trade establishes a link between producers and ______.
Select the correct option.
Chain stores are retail store owned by _______ organization.
Answer in one sentence
What is departmental store?
Answer in one sentence
What do you mean by chain store?
Correct the underlined word and rewrite the following sentence:
Tariff rates of various countries affect the internal trade.
Arrange in proper order:
a) Retailer
b) Consumer
c) Producer
d) Wholesaler
Arrange in proper order:
a) Import Stage
b) Pre-import Stage
c) Post-import Stage
d) Preliminary Stage
Explain the following term/concept:
Departmental Store.
Explain the following term/concept:
General store.
Answer in brief.
State any four feature of one price shop.
Justify the following statement:
General stores are generally situated near residential areas.
Justify the following statement:
Packing plays an important role in selling product in the supermarket.
Justify the following statement:
Chain store sell a limited range of goods.
