Banking and Financial Institutions

1:

Which one of the statement is not true?

A.
Institutional infrastructure facilities makes intelligence.
B.
STC is the chief canalizing agent for export and import of agriculture products.
C.

lIPO organizes trade fairs and exhibitions.

D.
Letter of credit does not indicate that the bank will pay the value of imports to the exporter.
 

Answer : D

Explanation :

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Option: A

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