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      Question of the Day

      Uploaded on 04/07/2018
      Question : Consider the following about ‘Letters of undertaking (LoUs)’:
      1. Letter of Undertaking is a bank guarantee under which a bank allows its customer to raise money from another Indian bank’s foreign branch.
      2. LoUs allow those in the import trade to transact their business.
      Select the correct answer using the codes given below.
      1 only
      2 only
      Both 1 and 2
      Neither 1 nor 2
       

      Uploaded on 30/06/2018
      Question : With reference to ‘Compensatory Afforestation Fund Act, 2016’, which among the following statements is/are correct?
      1. The act has provision for creating a national fund with contributions from user agencies—any person, organisation, company or department of the Central Government or state government.
      2. The fund will be used for compensatory afforestation under the Forest (Conservation) Act, 1980.
      Select the correct answer using the codes given below.
      1 only
      2 only
      Both 1 and 2
      Neither 1 nor 2
       









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