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 If the importer cannot supply the details of goods to customer officials then he gives an application to them to examine the goods, this statement is called:
  • A. Bill of sight
  • B. Bill of lading
  • C. Bill of entry
  • D. Bill of order
2 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
3 How many important terms of import trade
  • A. 18
  • B. 19
  • C. 20
  • D. 21
4 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
5 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
6 A price, which includes cost of goods plus custom duty and all its relevant expenses up to this stage are called
  • A. Duty paid
  • B. In bond price
  • C. Custom duties
  • D. Excise duty
7 The letter of credit is opened on the request of
  • A. Importer
  • B. Exporter
  • C. Government
  • D. None of these
8 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
9 Choose the correct full form of F.O.B
  • A. Free On Board
  • B. <span style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: small;">Forward Operating Base</span>
  • C. <span style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: small;">Fall Out Boy</span>
  • D. <span style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: small;">Freight On Board</span>
10 Choose the correct full form of C&amp;F
  • A. Cost &amp; 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

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