13th Chapter

11th Principles of Commerce Chapter 13 Test

Here you can prepare 11th Principles of Commerce English Medium Chapter 13 Import Trade Test. Click the button for 100% free full practice test.

First Year Principles of Commerce Chapter 13 Online MCQ Test for 1st Year Principles of Commerce Chapter 13 (Import Trade)

This online test contains MCQs about following topics:

Meaning & definition of import trade . Doucments and terms used in foreign trade . Means of importing goods . Methods of imternational payment . Procedure of importing goods

ICOM Part 1 Commerce Ch. 13 Test
ic

First Year Principles of Commerce Chapter 13 Online MCQ Test for 1st Year Principles of Commerce Chapter 13 (Import Trade)

Sr. # Questions Answers Choice
1 When goods are received in home country after purchasing them from other countries is called
  • A. Import trade
  • B. Export trade
  • C. Both a and b
  • D. None of these
2 After the arrival of goods at port, the importer presents its complete detail to custom officials, this detail is called
  • A. Bill of lading
  • B. Bill of sight
  • C. Bill of entry
  • D. None of these
3 If the trader does not want to get the goods himself, he issues to the officials:
  • A. Bill of entry
  • B. Bill of sight
  • C. Delivery order
  • D. Bill of lading
4 After the arrival of goods at port, the importer presents its complete detail to custom officials, this detail is called:
  • A. Bill of lading
  • B. Bill of sight
  • C. Bill of entry
  • D. None of these
5 An import trader can get himself registered under:
  • A. import and export control Act 1950
  • B. import and export control Act 1952
  • C. import and export control Act 1975
  • D. None of these
6 The source of importing goods:
  • A. Wholesaler (trader)
  • B. Indent firm
  • C. Foreign purchase office
  • D. All of the above
7 Choose the correct full form of C&F
  • A. Cost & Freight
  • B. <span style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: small;">Cost &amp; Feasibility</span>
  • C. <span style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: small;">Carriage &amp; Freight</span>
  • D. Carriage &amp; Freight
8 Import means the purchase of goods and services from foreign countries are called
  • A. Import trade
  • B. Export trade
  • C. Both a and b
  • D. None of these
9 The letter of credit is opened on the request of:
  • A. Importer
  • B. Exporter
  • C. Government
  • D. None of these
10 If the price of goods includes the expense till custom duty, it is called:
  • A. Duty paid
  • B. Custom paid
  • C. Inbond
  • D. None of these

Chapterwise Lists

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