i. it is a means of payment in foreign trade.
ii. it is document of title to goods.
iii. it is a contract of carriage.
iv. it is usually drawn in triplicate.
A. i and iii only
B. i, ii and iii only
C. ii and iii only
D. ii and iv only
E. ii, iii and iv only
Correct Answer:
Option E – ii, iii and iv only
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