1.
Which type of Bank Guarantee is typically required by a government department when a contractor submits a tender?
2.
A Bank Guarantee can be invoked by the beneficiary:
3.
A customer has an outstanding BG of Rs.50 lakh (non-fund based) and CC of Rs.30 lakh (fund based). What is the total credit exposure of the bank?
4.
A customer disputes a beneficiary's invocation of a Rs.20 lakh Bank Guarantee, claiming the work was completed. The beneficiary submits a valid written demand before expiry. What should the bank do?
5.
A bank issues a BG valid until 31st December 2025 with an invocation clause of '15 days after expiry'. A beneficiary submits a claim on 10th January 2026 at 11:59 PM. Should the bank pay?
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