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

MCQ's Test For Chapter 13 "Principle of Commerce Icom Part 1 English Medium Chapter 13 Online Test"

Try The MCQ's Test For Chapter 13 "Principle of Commerce Icom Part 1 English Medium Chapter 13 Online Test"

  • Total Questions15

  • Time Allowed20

Principle of Commerce Icom Part 1 English Medium Chapter 13 Online Test

00:00
Question # 1

After the arrival of goods at port, the importer presents its complete detail to custom officials, this detail is called

Question # 2

An import trader can get himself registered under

Question # 3

The letter of credit is opened on the request of

Question # 4

The source of importing goods

Question # 5

If the trader does not want to get the goods himself, he issues to the officials:

Question # 6

Import means the purchase of goods and services from foreign countries are called

Question # 7

A price, which includes cost of goods plus custom duty and all its relevant expenses up to this stage are called

Question # 8

The indent in which the complete detail of goods is written called

Question # 9

The indent in which the complete detail of goods is written called:

Question # 10

How many important terms of import trade

Question # 11

An import trader can get himself registered under:

Question # 12

If the price of goods includes the expense till custom duty, it is called:

Question # 13

Choose the full form of F.A.S

Question # 14

After the arrival of goods at port, the importer presents its complete detail to custom officials, this detail is called:

Question # 15

If the trader does not want to get the goods himself, he issues to the officials

Prepare Complete Set Wise Chapter 13 "Principle of Commerce Icom Part 1 English Medium Chapter 13 Online Test" MCQs Online With Answers


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.

Top Scorers Of Chapter 13 "Principle of Commerce Icom Part 1 English Medium Chapter 13 Online Test" MCQ`s Test

  • A
    Arham Khan 09 - Jun - 2024 00 Min 57 Sec 15/15
  • S
    Subtain Ahmed Raza 17 - Jul - 2023 01 Min 28 Sec 15/15
  • K
    KHALIL UR REHAMAN 17 - Aug - 2022 01 Min 28 Sec 15/15
  • Z
    ZUBAIR AHMED 13 - Feb - 2023 02 Min 40 Sec 15/15
  • A
    Aliya hassan 02 - Dec - 2020 03 Min 21 Sec 15/15
  • S
    Shahzad 01 - Jul - 2021 00 Min 52 Sec 14/15
  • M
    Minahil Asif 04 - Jun - 2024 01 Min 13 Sec 14/15
  • H
    hafsa 03 - Dec - 2020 02 Min 15 Sec 14/15
  • M
    Malik Muhammad Yaar 30 - Sep - 2023 02 Min 41 Sec 14/15
  • F
    Fatima 10 - Aug - 2021 04 Min 22 Sec 14/15
  • F
    Faiqa alam 03 - Dec - 2020 04 Min 26 Sec 14/15
  • M
    Maryam Khan 06 - Apr - 2021 08 Min 14 Sec 14/15
  • H
    Hunaina muzamil 05 - Apr - 2021 08 Min 47 Sec 14/15
  • H
    hamza abid 03 - Jul - 2022 10 Min 50 Sec 14/15
  • O
    Oneeza 16 - Aug - 2021 10 Min 50 Sec 14/15
Sr.# Question Answer
1 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
2 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
3 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
4 The source of importing goods
A. Wholesaler
B. Indent firm
C. Foreign purchase office
D. All the above
5 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
6 Choose the full form of F.A.S
A. Free Alongside Ship
B. Foreign Agricultural Service
C. Federation of American Scientists
D. None of these
7 Choose the correct full form of C&F
A. Cost & Freight
B. Cost & Feasibility
C. Carriage & Freight
D. Carriage & Freight
8 The letter of credit is opened on the request of:
A. Importer
B. Exporter
C. Government
D. None of these

Test Questions

Is this page helpful?