UGC NET COMMERCE January 2017(Paper-II) Q45
0. Letters of credit, Guarantees, Forward Contracts, etc., come under which one of the following?
- Option : D
- Explanation : Off-Balance Sheet items : Those are items that generate income for the bank but do not appear in the bank’s balance sheet. Examples of such items are letters of credit, guarantees, acceptances and various types of derivatives i.e., forward contracts.
