11th class Principles of Commerce chapter 12 online mcq test with answers for I.Com part 1 Principles of Commerce chapter 12(Foreign rade)

Principle of Commerce Icom Part 1 English Medium Chapter 12 Online Test

Sr. #	Questions	Answers Choice
1	If goods are bought from another country for exporting, it is called:	Export trade Import trade Entrepot trade None of these
2	The exporter gets the certificate of origin from:	Chamber of commerce Custom officials Importing bank Exporting banks
3	The person who makes arrangements for the departure of goods:	Forwarding agent Clearing agnet Commission agent Underwritter
4	The document issued by an authorized office after counting and checking the loaded goods on ship:	Shipping order Receipt of mate Marine insurance bill of lading
5	Because of import trade, the demand for national / home products:	Reduces Increases Remains normal Both (a) and (b)
6	Who does write the delivery order:	Exporter Owner of goods at port Importer's bank Govt. agnet
7	A charter party is:	A contract to reserve a ship for carrying goods Application for opening the letter of credit Letter of indemnity All the three
8	What is written on the bill of entry of goods:	Quantity and price Value of insurance Quality and type None of the above
9	What does happen after the exchange of goods:	Development of cordial relations between the countries More chances of fight or war Economic crises arise Scarcity of goods
10	What is prepared after sending the goods:	Bill of lading Invoice Receipt of mate All of these
11	How many copies of bill of lading are prepared:	Two Three Four Five
12	Because of international trade, the less developed countries make progress:	Economically Politically Stately/republically None of the above
13	The bill of trading reveals the:	Legal ownership of goods Price of goods Government ownership of goods None of the above
14	In case of emergency, foreign trade makes the supply of goods:	Easy Difficult Unimportant Important
15	Due to foreign trade, the less developed countries:	Becomes international slaves Do not progress Do not live alone None of these

Download This Set