Question # 1

Who does write the delivery order:

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Exporter

Owner of goods at port

Importer's bank

Govt. agnet

The person who makes arrangements for the departure of goods:

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Forwarding agent

Clearing agnet

Commission agent

Underwritter

What is prepared after sending the goods

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Bill of lading

Invoice

Receipt of mate

All of these

Because of international trade, the less developed countries make progress

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Economically

Politically

Stately/republically

None of the above

A charter party is

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A contract to reserve a ship for carrying goods

Application for opening the letter of credit

Letter of indemnity

All the three

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

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Shipping order

Receipt of mate

Marine insurance

bill of lading

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

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Easy

Difficult

Unimportant

Important

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

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Export trade

Import trade

Entrepot trade

None of these

Who does write the delivery order

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Exporter

Owner of goods at port

Importer's bank

Govt. agent

The bill of lading reveals the

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Legal ownership of goods

Price of goods

Government ownership of goods

None of the above

A charter party is:

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A contract to reserve a ship for carrying goods

Application for opening the letter of credit

Letter of indemnity

All the three

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

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Shipping order

Receipt order

Marine insurance

Bill of lading

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

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Easy

Difficult

Unimportant

Important

How many copies of bill of lading are prepared:

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Two

Three

Four

Five

Due to foreign trade, the less developed countries

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Becomes international slaves

Do not progress

Do not live along

None of these

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

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