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	Due to export trade	Increase in employment opportunities Increase in foreign exchange Relations with other countries establish All of the above
2	Which documents are prepared by the exporter after the settlement of affairs are	Invoice Consular invoice Certificate of origin All of them
3	If the exporter is made responsible for deciding the quality and price of goods, alongwith orher factors then it is called	Open indent Close indent Both a and b None of these
4	If the price and quality of goods alongwith other factors are decided before the execution of order then it is called	Close indent Open indent Both a and b None of these
5	How many types of an indents	2 3 4 5
6	State the procedure or steps of exporting goods are	Obtaining and acceptance of indent Registration Obtaining license All of these
7	When both the parties are satisfied with the performance of each other then their deal comes to an end are called	End of deal Securing payment Delivery of documents Dispatching the documents
8	How many step in procedure of export trade	21 22 23 24
9	How many methods of selling goods in foreign countries	5 7 8 9
10	Export trade includes all the activities, which are performed in sending goods from one country to another country is called	Import trade Export trade Foreign trade None of these
11	If the goods and services are sold to the trader pf another country then it is called	Import trade Export trade Foreign trade None of these
12	An import trader can get himself registered under	Import and export control act 1950 Import and export control act 1952 Import and export control act 1975 None of these
13	The source of importing goods	Wholesaler Indent firm Foreign purchase office All the above
14	The letter of credit is opened on the request of	Importer Exporter Government None of these
15	After the arrival of goods at port, the importer presents its complete detail to custom officials, this detail is called	Bill of lading Bill of sight Bill of entry None of these

Download This Set