What do we call an agreement whereby an issuing Bank at the request of the Importer (Buyer) undertakes to take payment to the exporter (Beneficiary) against stipulated documents?

1. Committed to Improving the state of the world is the motto of which of the following?
Transparency International
World bank
Bill and Melinda Gates Foundation
World Economic Forum

Ans: World Economic Forum

2. World Milk Day is observed on __ ?
June 1
August 1
July 30
September 30

Ans: June 1

3. Which one of the country is not the member of the trilateral meet on Irans Nuclear Programme ?
India
Turkey
Brazil
Iran

Ans: India

4. What do we call an agreement whereby an issuing Bank at the request of the Importer (Buyer) undertakes to take payment to the exporter (Beneficiary) against stipulated documents?
Bill of exchange
Letter of Exchange
Letter of Credit
Bill of entry

Ans: Letter of Credit

5. The headquarters of Universal Postal Union (UPU) is in
New York
Bern
London
Rome

Ans: Bern