Question # 1

The person who makes arrangements for the departure of goods

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Forwarding agent

Clearing agent

Commission agent

Underwriter

In case of emergency, foreign trade makes the supply of goods:

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Easy

Difficult

Unimportant

Important

In case of emergency, foreign trade makes the supply of goods

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Easy

Difficult

Unimportant

Important

The exporter gets the certificate of origin from:

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Chamber of commerce

Custom officials

Importing bank

Exporting banks

Because of international trade, the less developed countries make progress:

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Economically

Politically

Stately/republically

None of the above

The person who makes arrangements for the departure of goods:

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Forwarding agent

Clearing agnet

Commission agent

Underwritter

The document issued by an authorized office after counting and checking the loaded goods on ship:

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Shipping order

Receipt of mate

Marine insurance

bill of lading

Because of foreign trade, the demand for national/ home products

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Reduces

Increases

Remains normal

Both a and b

How many copies of bill of lading are prepared:

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Two

Three

Four

Five

The document issued by an authorized officer after counting and checking the loaded goods on ship

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Shipping order

Receipt order

Marine insurance

Bill of lading

What is prepared after sending the goods:

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Bill of lading

Invoice

Receipt of mate

All of these

If goods are bought from another country for exporting, it is called

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Export trade

Import trade

Entrepot trade

None of these

Who does write the delivery order

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Exporter

Owner of goods at port

Importer's bank

Govt. agent

The bill of trading reveals the:

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Legal ownership of goods

Price of goods

Government ownership of goods

None of the above

The exporter gets the certificate of origin from

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Chamber of commerce

Custom officials

Importing bank

Exporting bank

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

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