11th Class ICom Part 1 Principles of Commerce Chapter Wise Online MCQ Test with answers PDF English Medium

Principle of Commerce Icom Part 1 English Medium Online Test

Sr. #	Questions	Answers Choice
1	The person who makes arrangements for the departure of goods:	Forwarding agent Clearing agnet Commission agent Underwritter
2	The document issued by an authorized office after counting and checking the loaded goods on ship:	Shipping order Receipt of mate Marine insurance bill of lading
3	Because of import trade, the demand for national / home products:	Reduces Increases Remains normal Both (a) and (b)
4	Who does write the delivery order:	Exporter Owner of goods at port Importer's bank Govt. agnet
5	A charter party is:	A contract to reserve a ship for carrying goods Application for opening the letter of credit Letter of indemnity All the three
6	What is written on the bill of entry of goods:	Quantity and price Value of insurance Quality and type None of the above
7	What does happen after the exchange of goods:	Development of cordial relations between the countries More chances of fight or war Economic crises arise Scarcity of goods
8	What is prepared after sending the goods:	Bill of lading Invoice Receipt of mate All of these
9	How many copies of bill of lading are prepared:	Two Three Four Five
10	Because of international trade, the less developed countries make progress:	Economically Politically Stately/republically None of the above
11	The bill of trading reveals the:	Legal ownership of goods Price of goods Government ownership of goods None of the above
12	In case of emergency, foreign trade makes the supply of goods:	Easy Difficult Unimportant Important
13	Due to foreign trade, the less developed countries:	Becomes international slaves Do not progress Do not live alone None of these
14	A retailer has direct contact with:	Consumers Wholesaler Both (a) and (b) Manufacturer
15	A retailer buys good from following market:	National / home Local International All of the above

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