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

Question # 1

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

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Question # 2

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

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Question # 3

Choose the correct full form of F.O.B

Choose an answer

Free On Board

Forward Operating Base

Fall Out Boy

Freight On Board

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Question # 4

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

Choose an answer

Close indent

Open indent

Complete indent

None of these

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Question # 5

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

Skip

Question # 6

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

Choose an answer

Bill of lading

Bill of sight

Bill of entry

None of these

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Question # 7

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

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Question # 8

The letter of credit is opened on the request of:

Choose an answer

Importer

Exporter

Government

None of these

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Question # 9

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

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