State whether the following statements are True or False(i) Letter of

1.	State whether the following statements are True or False(i) Letter of credit is issued by banks for domestic trade transactions.(ii) Bill of Exchange is a negotiable instrument.(iii) The bank acts as a trustee, attorney, and executor of the will.(iv) RTGS is an agency function of the Bank.(v) The bank plays the role of Depository Participant (DP).
Answer» (i) False (ii) True (iii) True (iv) False (v) True

State whether the following statements are True or False(i) Letter of credit is issued by banks for domestic trade transactions.(ii) Bill of Exchange is a negotiable instrument.(iii) The bank acts as a trustee, attorney, and executor of the will.(iv) RTGS is an agency function of the Bank.(v) The bank plays the role of Depository Participant (DP).

Answer»

(i) False

(ii) True

(iii) True

(iv) False

(v) True