Test Your Knowledge: India’s Exports & Letter of Credit Essentials Please enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form. - Step 1 of 2Name *FirstLastCompany Name *Email *Phone *NextWhat was the approximate total value of India’s merchandise exports in 2025? *$100 billion$250 billion$350 billion$450 billionWhich sector is the highest contributor to India’s merchandise exports? *PharmaceuticalsElectrical and electronic goodsMineral fuels, oils and distillation productsTextile and apparelWhich country is one of India’s top export destinations in 2025? *BrazilChinaAustraliaRussiaWhat is a common cause of discrepancies in Letter of Credit documents? *Incorrect shipment datesMissing required documentsData inconsistency between documentsAll of the aboveAccording to industry data, what percentage of LC presentations have discrepancies on first submission? *20-30%40-50%60-70%80-90% best top a What happens if an LC presentation has discrepancies? *Issuing bank pays immediatelyPayment is withheld until discrepancies are resolvedExporter gets a penalty fineLC is automatically cancelledWhich of the following is a best practice to avoid LC discrepancies? *Submitting original documents timelyCross-checking LC terms with documentsUsing technology for document preparationAll of the aboveSubmit
