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Online Tests
Principle of Commerce Icom Part 1 English Medium Chapter 13 Online Test MCQs With Answers
Question # 1
The letter of credit is opened on the request of
Choose an answer
Importer
Exporter
Government
None of these
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Question # 2
If the trader does not want to get the goods himself, he issues to the officials
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Bill of entry
Bill of sight
Delivery order
Bill of lading
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Question # 3
If the price of goods includes the expense till custom duty, it is called:
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Duty paid
Custom paid
Inbond
None of these
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Question # 4
The source of importing goods
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Wholesaler
Indent firm
Foreign purchase office
All the above
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Question # 5
A price, which includes cost of goods plus delivery charges, dock charges, ship freight, export duty and loading charges are called
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Ex-ship charges
In bond price
Duty paid
Custom duties
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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
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Import trade
Export trade
Both a and b
None of these
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Question # 8
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 # 9
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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