Question # 1

Choose the full form of F.A.S

Choose an answer

Free Alongside Ship

Foreign Agricultural Service

Federation of American Scientists

None of these

When goods are received in home country after purchasing them from other countries is called

Choose an answer

Import trade

Export trade

Both a and b

None of these

Choose the correct full form of C&F

Choose an answer

Cost & Freight

Cost & Feasibility

Carriage & Freight

Choose the correct full form of F.O.B

Choose an answer

Free On Board

Forward Operating Base

Fall Out Boy

Freight On Board

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

Choose an answer

Close indent

Open indent

Complete indent

None of these

The letter of credit is opened on the request of:

Choose an answer

Importer

Exporter

Government

None of these

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

Choose an answer

Bill of sight

Bill of lading

Bill of entry

Bill of order

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

Choose an answer

Bill of entry

Bill of sight

Delivery order

Bill of lading

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

Choose an answer

Duty paid

In bond price

Custom duties

Excise duty

A price, which includes cost of goods plus delivery charges, dock charges, ship freight, export duty and loading charges are called

Choose an answer

Ex-ship charges

In bond price

Duty paid

Custom duties

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

Choose an answer

Import trade

Export trade

Both a and b

None of these

The letter of credit is opened on the request of

Choose an answer

Importer

Exporter

Government

None of these

An import trader can get himself registered under

Choose an answer

Import and export control act 1950

Import and export control act 1952

Import and export control act 1975

None of these

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

Choose an answer

Close indent

Open indent

complete indent

None of these

How many important terms of import trade

Choose an answer

18

19

20

21

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer