Question # 1

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

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

Who does write the delivery order:

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Exporter

Owner of goods at port

Importer's bank

Govt. agnet

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

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Economically

Politically

Stately/republically

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

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

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

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

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

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

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

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Reduces

Increases

Remains normal

Both (a) and (b)

Due to foreign trade, the less developed countries:

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Becomes international slaves

Do not progress

Do not live alone

None of these

The exporter gets the certificate of origin from:

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Chamber of commerce

Custom officials

Importing bank

Exporting banks

Who does write the delivery order

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Exporter

Owner of goods at port

Importer's bank

Govt. agent

The exporter gets the certificate of origin from

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Chamber of commerce

Custom officials

Importing bank

Exporting bank

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

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