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 bank
3	The person who makes arrangements for the departure of goods	Forwarding agent Clearing agent Commission agent Underwriter
4	The document issued by an authorized officer after counting and checking the loaded goods on ship	Shipping order Receipt order Marine insurance Bill of lading
5	Because of foreign 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. agent
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 lading 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 along None of these

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