Post Utme Delsu 2019 Commerce Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Delsu Commerce examination.

Post Utme Delsu 2019 Commerce Objective / Multiple Choice

Question 35 POST_UTME_DELSU • 2019 • COMMERCE • objective

What is the main purpose of the International Chamber of Commerce (ICC) Uniform Customs and Practice for Documentary Credits (UCP)?

Correct Answer A. To establish standard rules for documentary credits

B. To provide a framework for international trade finance

C. To promote the use of electronic payment systems

D. To reduce the risk of non-payment by buyers

Correct Answer

Correct Option:

To establish standard rules for documentary credits

This is Post Utme Delsu 2019 Commerce Question 35. It is one of the objective questions from the 2019 Post Utme Delsu Commerce examination.

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