___ finance is a finance which the exporter needs to procure raw materials, processing and packaging them and finally transporting the consignment.

Bill of Exchange

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Pre-shipment

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Letter of Credit

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None of the above

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Solution

The correct option is B
Pre-shipment

Pre-shipment finance is a finance which the exporter needs to procure raw materials, processing and packaging them and finally transporting the consignment.

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Similar questions

Q. Post-shipment finances are the finances provided for purchasing, manufacturing, processing, packaging of goods.

Q. Finance is required by the exporters even after the shipment of product.

Q. ______________ is concerned with optimal procurement as well as usage of finance.

Rahul Fashion, a reputed garment manufacturing unit needs to fund its day-to-day expenses, like wages, rent and maintaining a stock of raw material. The owner approached his raw material supplier to give them credit for two months so that he can get cloth for making garments without making immediate payment. The supplier made an enquiry regarding Rahul and found that his reputation of giving payment is not very good. In the past, lenders were not very happy.

What is the source of finance Rahul is trying to get?

Q. What facilitated the movement of finished products to remote parts of India and the procurement of raw materials from them?

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___ finance is a finance which the exporter needs to procure raw materials, processing and packaging them and finally transporting the consignment.

The correct option is B Pre-shipment Pre-shipment finance is a finance which the exporter needs to procure raw materials, processing and packaging them and finally transporting the consignment.

The correct option is B
Pre-shipment

Pre-shipment finance is a finance which the exporter needs to procure raw materials, processing and packaging them and finally transporting the consignment.