Question # 1

The person who makes arrangements for the departure of goods:

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Forwarding agent

Clearing agnet

Commission agent

Underwritter

The exporter gets the certificate of origin from:

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Chamber of commerce

Custom officials

Importing bank

Exporting banks

A charter party is

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A contract to reserve a ship for carrying goods

Application for opening the letter of credit

Letter of indemnity

All the three

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

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Easy

Difficult

Unimportant

Important

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

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

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Reduces

Increases

Remains normal

Both a and b

Who does write the delivery order:

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Exporter

Owner of goods at port

Importer's bank

Govt. agnet

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 person who makes arrangements for the departure of goods

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Forwarding agent

Clearing agent

Commission agent

Underwriter

How many copies of bill of lading are prepared

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Two

Three

Four

Five

What does happen after the exchange of goods

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Development of cordial relations between the countries

More chances of fight or war

Economic crises arise

Scarcity of goods

Who does write the delivery order

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Exporter

Owner of goods at port

Importer's bank

Govt. agent

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

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

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

What does happen after the exchange of goods:

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Development of cordial relations between the countries

More chances of fight or war

Economic crises arise

Scarcity of goods

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

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