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

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

Sr. # Questions Answers Choice
1 A price, which includes cost of goods plus delivery charges, dock charges, ship freight, export duty and loading charges are called Ex-ship charges In bond price Duty paid Custom duties
2 How many important terms of import trade 18 19 20 21
3 Choose the correct full form of C&F Cost &amp; Freight <span style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: small;">Cost &amp; Feasibility</span> <span style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: small;">Carriage &amp; Freight</span> Carriage &amp; Freight
4 A price, which includes cost of goods plus custom duty and all its relevant expenses up to this stage are called Duty paid In bond price Custom duties Excise duty
5 Choose the correct full form of F.O.B Free On Board <span style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: small;">Forward Operating Base</span> <span style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: small;">Fall Out Boy</span> <span style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: small;">Freight On Board</span>
6 Choose the full form of F.A.S Free Alongside Ship <span style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: small;">Foreign Agricultural Service</span> <span style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: small;">Federation of American Scientists</span> None of these
7 Import means the purchase of goods and services from foreign countries are called Import trade Export trade Both a and b None of these
8 When goods are received in home country after purchasing them from other countries is called Import trade Export trade Both a and b None of these
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