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

The person who makes arrangements for the departure of goods:

Question # 2

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

Question # 3

Because of international trade, the less developed countries make progress

Question # 4

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

Question # 5

Because of foreign trade, the demand for national/ home products

Question # 6

What is written on the bill of entry of goods:

Question # 7

The person who makes arrangements for the departure of goods

Question # 8

The bill of trading reveals the:

Question # 9

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

Question # 10

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

Question # 11

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

Question # 12

The exporter gets the certificate of origin from:

Question # 13

What is prepared after sending the goods:

Question # 14

The exporter gets the certificate of origin from

Question # 15

Who does write the delivery order

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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 How many copies of bill of lading are prepared
A. Two
B. Three
C. Four
D. Five
2 Who does write the delivery order:
A. Exporter
B. Owner of goods at port
C. Importer's bank
D. Govt. agnet
3 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
4 What is written on the bill of entry of goods:
A. Quantity and price
B. Value of insurance
C. Quality and type
D. None of the above
5 What is prepared after sending the goods:
A. Bill of lading
B. Invoice
C. Receipt of mate
D. All of these
6 Who does write the delivery order
A. Exporter
B. Owner of goods at port
C. Importer's bank
D. Govt. agent
7 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
8 The document issued by an authorized office after counting and checking the loaded goods on ship:
A. Shipping order
B. Receipt of mate
C. Marine insurance
D. bill of lading
9 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
10 What is written on the bill of entry of goods
A. Quantity and price
B. Value of insurance
C. Quality and type
D. None of the above

Test Questions

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