Assistant Relationship Manager Interview Questions and Answers for Freshers

Trade financing refers to the financial instruments and products used to facilitate international trade transactions.

• Trade financing can include letters of credit, bank guarantees, and export credit insurance.

• These instruments help mitigate the risks associated with international trade, such as non-payment or political instability.

• Trade financing can also provide working capital to businesses engaged in international trade.

• For example, a company exporting goods to another cou...read more

Accounting Standard is a set of guidelines and rules that govern the preparation and presentation of financial statements.

• Accounting Standards ensure consistency and comparability in financial reporting.

• They are issued by regulatory bodies such as the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB).

• Examples of Accounting Standards include IFRS (International Financial Reporting Standards) and GAAP (Generally Accepted Accounting ...read more

BOE stands for Bill of Exchange, a written order from one party to another to pay a certain amount on a specific date.

• BOE is a financial instrument used in international trade

• It is a type of negotiable instrument, meaning it can be transferred to a third party

• BOE includes details such as the amount to be paid, the date of payment, and the parties involved

• Example: A company in the US imports goods from a supplier in China and agrees to pay via BOE. The supplier sends a BOE to ...read more