Bank guarantee that allows a customer to raise money from another Indian bank's foreign branch.
Applicable in India in business agreements involving buyer and seller in which bank is obliged to pay to buyer in case the seller (bank's customer) has not delivered the product/services or performance as promised.
To obtain LoU, a customer is supposed to pay margin amount to bank.
The bank must also sanction credit limit for the customer.
The bank will enter into a pledge agreement with the customer & accept liquid assets like cash at bank, stocks & bonds.
Society of worldwide Inter-bank Financial Telecommunication. Its a messaging system that transmits financial information be...
A chemical extracted from the leaves of a plant, it is widely used as dye to color denims as it imparts a brilliant blue hue to fabric. Naturally produced from leaves of a plant. Its unique because it imparts surface color while only partially penetrating fibers. As per Roman term, Indigo means product of India which was known for its production since the ancient times. These days synthetic indigo dyes are produced which are very hazardous to environment.
The lenses of these sunglasses are coated with chemical film that helps in filtering & reducing the intensity of glare reflected from surfaces hit by sun or directly from sun. This helps reduce effects of harmful UV rays. Initially used by boaters and fishermen, these are now used by several for outdoor recreational activities like sports & driving as well as by golfers, cyclist, joggers. Not recommended while using LED and LCD screens like mobile phone, GPS as it limits its visibility. This was invented in 1929 by the founder of Polaroid corporations.
Total of Floor space of each flat in an apartment divided by Total plot size. E.g. If there are 48 flats each with a carpet area of 400 sq. ft in a 6 storey apartment then total floor space is 48*400 = 19,200. If the plot area is also 19,200 sq. ft. then the FSI is 1. In Mumbai Island city (Colaba to Mahim), the FSI allowed is 1.33 while for Mumbai suburbs (Bandra to Dahisar & Kurla to Mulund) the FSI allowed is 1.
Axis of the Earth is tilted by 23.5 degrees due to which there exists different seasons. Moreover Earth revolves around the Sun in elliptical axis.
Winter Solstice happens on 21st Dec when rays of Sun are less on northern hemisphere & hence longer nights & shorter days. Reverse for southern hemisphere. 24 hours of darkness at Arctic circle & 24 hours of sunlight at Antarctic circle.
Summer Solstice happens on 21st June when rays of Sun are are on norther hemisphere & hence longer days & shorter nights. Reverse for southern hemisphere. 24 hours of sunlight at Arctic circle & 24 hours of darkness at Antarctic circle.
Spring equinox happens on 21st March in northern hemisphere & it is autumn equinox in southern hemisp...