First Year Principles of Commerce Chapter 12 Online MCQ Test for 1st Year Principles of Commerce Chapter 12 (Foreign rade)

This online test contains MCQs about following topics:

Meaning, definition and causes . Importance, disadvantafes and problems of foreign trade . Documents used in foriegn trade . Difference between foreign trade and home trade

ICOM Part 1 Commerce Ch. 12 Test
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MCQ's Test For Chapter 12 "Principle of Commerce Icom Part 1 English Medium Chapter 12 Online Test"

Try The MCQ's Test For Chapter 12 "Principle of Commerce Icom Part 1 English Medium Chapter 12 Online Test"

  • Total Questions15

  • Time Allowed20

Principle of Commerce Icom Part 1 English Medium Chapter 12 Online Test

00:00
Question # 1

What is written on the bill of entry of goods:

Question # 2

In case of emergency, foreign trade makes the supply of goods:

Question # 3

What is prepared after sending the goods

Question # 4

What is prepared after sending the goods:

Question # 5

The document issued by an authorized office after counting and checking the loaded goods on ship:

Question # 6

The person who makes arrangements for the departure of goods

Question # 7

The exporter gets the certificate of origin from

Question # 8

A charter party is:

Question # 9

If goods are bought from another country for exporting, it is called:

Question # 10

How many copies of bill of lading are prepared

Question # 11

Because of international trade, the less developed countries make progress:

Question # 12

A charter party is

Question # 13

Due to foreign trade, the less developed countries:

Question # 14

The bill of lading reveals the

Question # 15

Due to foreign trade, the less developed countries

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00:00
12th Chapter

11th Principles of Commerce Chapter 12 Test

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ICom Part 1 Principle of Commerce (English Medium) Chapter 12 Important MCQ's

Sr.# Question Answer
1 The bill of lading reveals the
A. Legal ownership of goods
B. Price of goods
C. Government ownership of goods
D. None of the above
2 A charter party is:
A. A contract to reserve a ship for carrying goods
B. Application for opening the letter of credit
C. Letter of indemnity
D. All the three
3 Because of international trade, the less developed countries make progress
A. Economically
B. Politically
C. Stately/republically
D. None of the above
4 What is prepared after sending the goods:
A. Bill of lading
B. Invoice
C. Receipt of mate
D. All of these
5 Who does write the delivery order
A. Exporter
B. Owner of goods at port
C. Importer's bank
D. Govt. agent
6 If goods are bought from another country for exporting, it is called:
A. Export trade
B. Import trade
C. Entrepot trade
D. None of these
7 The exporter gets the certificate of origin from:
A. Chamber of commerce
B. Custom officials
C. Importing bank
D. Exporting banks
8 The exporter gets the certificate of origin from
A. Chamber of commerce
B. Custom officials
C. Importing bank
D. Exporting bank
9 The document issued by an authorized officer after counting and checking the loaded goods on ship
A. Shipping order
B. Receipt order
C. Marine insurance
D. Bill of lading
10 A charter party is
A. A contract to reserve a ship for carrying goods
B. Application for opening the letter of credit
C. Letter of indemnity
D. All the three

Test Questions

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