Question # 1

What is written on the bill of entry of goods:

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Quantity and price

Value of insurance

Quality and type

None of the above

What is written on the bill of entry of goods

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Quantity and price

Value of insurance

Quality and type

None of the above

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

What does happen after the exchange of goods:

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Development of cordial relations between the countries

More chances of fight or war

Economic crises arise

Scarcity of goods

What does happen after the exchange of goods

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Development of cordial relations between the countries

More chances of fight or war

Economic crises arise

Scarcity of goods

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

The person who makes arrangements for the departure of goods:

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Forwarding agent

Clearing agnet

Commission agent

Underwritter

How many copies of bill of lading are prepared

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Two

Three

Four

Five

What is prepared after sending the goods:

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Bill of lading

Invoice

Receipt of mate

All of these

The exporter gets the certificate of origin from:

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Chamber of commerce

Custom officials

Importing bank

Exporting banks

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

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Reduces

Increases

Remains normal

Both a and b

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

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Reduces

Increases

Remains normal

Both (a) and (b)

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

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Easy

Difficult

Unimportant

Important

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

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Easy

Difficult

Unimportant

Important

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

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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