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

Because of import trade, the demand for national / home products:

Question # 3

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

Question # 4

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

Question # 5

How many copies of bill of lading are prepared

Question # 6

A charter party is:

Question # 7

The exporter gets the certificate of origin from

Question # 8

What does happen after the exchange of goods

Question # 9

The person who makes arrangements for the departure of goods:

Question # 10

The bill of lading reveals the

Question # 11

Due to foreign trade, the less developed countries:

Question # 12

The exporter gets the certificate of origin from:

Question # 13

What is prepared after sending the goods:

Question # 14

Who does write the delivery order

Question # 15

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

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12th Chapter

11th Principles of Commerce Chapter 12 Test

Here you can prepare 11th Principles of Commerce English Medium Chapter 12 Foreign Trade Test. Click the button for 100% free full practice test.

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

Sr.# Question Answer
1 Because of foreign trade, the demand for national/ home products
A. Reduces
B. Increases
C. Remains normal
D. Both a and b
2 Because of international trade, the less developed countries make progress
A. Economically
B. Politically
C. Stately/republically
D. None of the above
3 The person who makes arrangements for the departure of goods:
A. Forwarding agent
B. Clearing agnet
C. Commission agent
D. Underwritter
4 Due to foreign trade, the less developed countries:
A. Becomes international slaves
B. Do not progress
C. Do not live alone
D. None of these
5 What does happen after the exchange of goods
A. Development of cordial relations between the countries
B. More chances of fight or war
C. Economic crises arise
D. Scarcity of goods
6 Due to foreign trade, the less developed countries
A. Becomes international slaves
B. Do not progress
C. Do not live along
D. None of these
7 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
8 What does happen after the exchange of goods:
A. Development of cordial relations between the countries
B. More chances of fight or war
C. Economic crises arise
D. Scarcity of goods
9 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
10 Because of international trade, the less developed countries make progress:
A. Economically
B. Politically
C. Stately/republically
D. None of the above

Test Questions

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