Question
Which of the following types of documentary credit
offers guaranteed payment to the seller by a third-party bank, even if the buyer defaults?Solution
A Confirmed Letter of Credit involves the confirming bank providing a guarantee to the seller that payment will be made, even if the buyer's bank defaults. This provides extra security to the seller.
- Alyavathi Langkumer has recently been appointed as India’s ambassador to which country?
What does UPS stand for in reference to benefits for government employees?Â
Which Indian company ranked highest on the Fortune Global 500 list for 2024, marking its 21st year as the top Indian company on the list?
Who was elected as Thailand’s new prime minister at the age of 37?
- In which ocean is the world's deepest point, the "Mariana Trench," located?
Consider the following statements about ozone layer:
1. It protects us from UV rays.
2. It is found in the troposphere.
3. CFCs are harmful to it.
- Who received the Laureus World Sportsman of the Year Award in 2025?
Match the following personalities with their positions:
World tribal day is celebrated on _____________?
By which year does the Union Cabinet aim to develop 4 gigawatts (GW) of battery storage through the approved viability gap funding (VGF) scheme?
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