Pre – shipment finance is provided by the banks only to__________.

Credit Card Holders

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Students aspiring for further studies

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Brokers in equity market

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Village Artisans

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Exporters

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Solution

The correct option is E Exporters
Pre-Shipment Finance is issued by a financial institution when the seller wants the payment of the goods before shipment.
Pre-shipment or post-shipment finance can be provided to exporters of IT and software services in case of specific orders from abroad.

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Similar questions

What is pre-shipment finance?

Differentiate between the following

(i) Sight and usance drafts

(ii) Bill of lading and airway bill

(iii) Pre-shipment and post-shipment finance

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