Question # 1

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 bank

How many copies of bill of lading are prepared:

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Two

Three

Four

Five

The bill of lading reveals the

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Legal ownership of goods

Price of goods

Government ownership of goods

None of the above

What is prepared after sending the goods:

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Bill of lading

Invoice

Receipt of mate

All of these

Who does write the delivery order

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Exporter

Owner of goods at port

Importer's bank

Govt. agent

Because of international trade, the less developed countries make progress

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Economically

Politically

Stately/republically

None of the above

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

How many copies of bill of lading are prepared

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Two

Three

Four

Five

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

Due to foreign trade, the less developed countries

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Becomes international slaves

Do not progress

Do not live along

None of these

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

Due to foreign trade, the less developed countries:

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Becomes international slaves

Do not progress

Do not live alone

None of these

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

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Reduces

Increases

Remains normal

Both a and b

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

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Easy

Difficult

Unimportant

Important

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

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