Multiple Choice Questions on The transaction in which bank guarantees the payment in case of damage or financial loss and accepts........... for IBPS (PO/SO) Preparation

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Multiple Choice Questions

The transaction in which bank guarantees the payment in case of damage or financial loss and accepts...........

Static GK (IBPS -PO) Banking Awareness
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    The transaction in which bank guarantees the payment in case of damage or financial loss and accepts financial risk & liability is known as ____. 

    This questions was previously asked in
    IBPS PO Mains-2017
    View All IBPSPO Previous Year Papers

    Collateral 

    Incorrect Answer

    Underwriting 

    Correct Answer

    Letter of Credit 

    Incorrect Answer

    Bank guarantee

    Incorrect Answer

    Other than the given option

    Incorrect Answer
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    Explanation:

    Underwriting 

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