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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 rare shall not exceed 1.75% above six months, LIBOR for the initial period of one month.a)Statements I, II and III are not correct.b)Statements I, III and IV are not correct.c)Statement II and IV are not correctd)Statement II and III are not correct.Correct answer is option 'B'. Can you explain this answer? for UGC NET 2024 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about 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 rare shall not exceed 1.75% above six months, LIBOR for the initial period of one month.a)Statements I, II and III are not correct.b)Statements I, III and IV are not correct.c)Statement II and IV are not correctd)Statement II and III are not correct.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UGC NET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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 rare shall not exceed 1.75% above six months, LIBOR for the initial period of one month.a)Statements I, II and III are not correct.b)Statements I, III and IV are not correct.c)Statement II and IV are not correctd)Statement II and III are not correct.Correct answer is option 'B'. Can you explain this answer?.

Solutions for 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 rare shall not exceed 1.75% above six months, LIBOR for the initial period of one month.a)Statements I, II and III are not correct.b)Statements I, III and IV are not correct.c)Statement II and IV are not correctd)Statement II and III are not correct.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UGC NET. Download more important topics, notes, lectures and mock test series for UGC NET Exam by signing up for free.

Here you can find the meaning of 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 rare shall not exceed 1.75% above six months, LIBOR for the initial period of one month.a)Statements I, II and III are not correct.b)Statements I, III and IV are not correct.c)Statement II and IV are not correctd)Statement II and III are not correct.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of 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 rare shall not exceed 1.75% above six months, LIBOR for the initial period of one month.a)Statements I, II and III are not correct.b)Statements I, III and IV are not correct.c)Statement II and IV are not correctd)Statement II and III are not correct.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for 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 rare shall not exceed 1.75% above six months, LIBOR for the initial period of one month.a)Statements I, II and III are not correct.b)Statements I, III and IV are not correct.c)Statement II and IV are not correctd)Statement II and III are not correct.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of 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 rare shall not exceed 1.75% above six months, LIBOR for the initial period of one month.a)Statements I, II and III are not correct.b)Statements I, III and IV are not correct.c)Statement II and IV are not correctd)Statement II and III are not correct.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice 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 rare shall not exceed 1.75% above six months, LIBOR for the initial period of one month.a)Statements I, II and III are not correct.b)Statements I, III and IV are not correct.c)Statement II and IV are not correctd)Statement II and III are not correct.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UGC NET tests.