Question
Which of the Uniform Customs & Practice for Documentary
Credits (UCP) rules issued by ICC, are currently in effect?Solution
The Uniform Customs & Practice for Documentary Credits (UCP 600) is a set of rules agreed by the International Chamber of Commerce (ICC), which apply to finance institutions which issue Letters of Credit. UCP 600 (which replaced the UCP 500) was approved by the ICC Banking Commission on 25 October 2006 and came into effect on 1 July 2007. The first UCP was created in 1933 and has been revised by the ICC up to the point of the UCP 600.
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(NOTE : Operations should be performed on t...
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What replaces question mark (?) in the series given below:
88, 64, 24, ?Â
Select the option which is related to the third word exactly as the second word is related to first one.
Enjoyable : Pleasant : : Excellent : ?
Select the correct combination of mathematical signs that can sequentially replace * to balance the following equation.
20 ∗ 4 ∗ 6 ∗ 2 ∗ ...
Given below is a statement followed by two possible reasons numbered I and II. Read the statement carefully and decide which of the two explain(s) the e...
Statements:
Some seeds are fruits.
Some fruits are jams.
All jams are desserts.
Conclusions:
I. Some jams are see...
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