There are two types of contract of guarantee i.e. Specific guarantee and continuing guarantee. When a guarantee is given only for single debt or transaction and is to come to an end when the guaranteed debt is paid or the promise is duly performed, it is called a specific or simple guarantee. A guarantee which extends to a series of transactions is called a continuing guarantee. In this case the surety’s liability would continue till all the transactions are completed or till the guarantor revokes the guarantee as to the future transactions.
According to Union Budget 2023-24, consider the following statements regarding the Personal Indirect Tax:
1. It is proposed to increase the rebat...
In India, day count convention for Money Market is different from day count convention for Bond Market. The day count convention for Money market is _...
What is the minimum tradable amount at which treasury bill is quoted in secondary market?
Net interest position of the bank has which of the following characteristics?
Which among the following is the act of taking on a risk for a fee?
The 29th Conference of Parties (COP-29) in Azerbaijan will emphasize what theme?
Which of the following is one of the objectives of RBI’s Retail Direct Scheme?
Who introduced the concept of 'Accredited Investors' in the Indian securities markets?
When was the first edition of the GFCI released?
According to the RBI circular, what is the minimum number of days required as the tenor for issuing Commercial Papers (CPs)?