Question # 1

How many important terms of import trade

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18

19

20

21

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

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Close indent

Open indent

complete indent

None of these

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

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Bill of lading

Bill of sight

Bill of entry

None of these

Choose the full form of F.A.S

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Free Alongside Ship

Foreign Agricultural Service

Federation of American Scientists

None of these

The letter of credit is opened on the request of

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Importer

Exporter

Government

None of these

The source of importing goods

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Wholesaler

Indent firm

Foreign purchase office

All the above

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

Choose the correct full form of F.O.B

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Free On Board

Forward Operating Base

Fall Out Boy

Freight On Board

An import trader can get himself registered under

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

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