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Which of the following statements are not correct in relation to pre-shipment credit in foreign currency ? Statement I : It is a foreign currency loan available, both, to the importers and exporters. Statement II : It is self liquidating in nature and can be liquidated by purchasing/ discounting of bills. Statement III : Refinance from RBI is available to banks against pre-shipment credit in foreign currency. Statement IV : The interest rate shall not exceed 1.75% above six months, LIBOR for the initial period of one month. Codes:

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1500+ Business Management questions.

The UGC NET management syllabus consists of these 10 units:

Management
Organizational Behaviour
Human Resource Management
Financial Statements
Financial Management
Strategic Management
Consumer and Industrial Buying Behavior
Statistics for Management
International Business
Entrepreneurship Development


Which of the following statements are not correct in relation to pre-shipment credit in foreign currency ? <br /> Statement I : It is a foreign currency loan available, both, to the importers and exporters.<br /> Statement II : It is self liquidating in nature and can be liquidated by purchasing/ discounting of bills.<br /> Statement III : Refinance from RBI is available to banks against pre-shipment credit in foreign currency.<br /> Statement IV : The interest rate shall not exceed 1.75% above six months, LIBOR for the initial period of one month.<br /> Codes:






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