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13th Chapter

11th Principles of Commerce Chapter 13 Test

Here you can prepare 11th Principles of Commerce English Medium Chapter 13 Import Trade Test. Click the button for 100% free full practice test.

First Year Principles of Commerce Chapter 13 Online MCQ Test for 1st Year Principles of Commerce Chapter 13 (Import Trade)

This online test contains MCQs about following topics:

Meaning & definition of import trade . Doucments and terms used in foreign trade . Means of importing goods . Methods of imternational payment . Procedure of importing goods

ICOM Part 1 Commerce Ch. 13 Test
ic

First Year Principles of Commerce Chapter 13 Online MCQ Test for 1st Year Principles of Commerce Chapter 13 (Import Trade)

Sr. # Questions Answers Choice
1 The indent in which the complete detail of goods is written called
  • A. Close indent
  • B. Open indent
  • C. Complete indent
  • D. None of these
2 The letter of credit is opened on the request of
  • A. Importer
  • B. Exporter
  • C. Government
  • D. None of these
3 The indent in which the complete detail of goods is written called:
  • A. Close indent
  • B. Open indent
  • C. complete indent
  • D. None of these
4 An import trader can get himself registered under
  • A. Import and export control act 1950
  • B. Import and export control act 1952
  • C. Import and export control act 1975
  • D. None of these
5 Choose the correct full form of F.O.B
  • A. Free On Board
  • B. <span style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: small;">Forward Operating Base</span>
  • C. <span style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: small;">Fall Out Boy</span>
  • D. <span style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: small;">Freight On Board</span>
6 If the price of goods includes the expense till custom duty, it is called:
  • A. Duty paid
  • B. Custom paid
  • C. Inbond
  • D. None of these
7 If the trader does not want to get the goods himself, he issues to the officials
  • A. Bill of entry
  • B. Bill of sight
  • C. Delivery order
  • D. Bill of lading
8 A price, which includes cost of goods plus custom duty and all its relevant expenses up to this stage are called
  • A. Duty paid
  • B. In bond price
  • C. Custom duties
  • D. Excise duty
9 An import trader can get himself registered under:
  • A. import and export control Act 1950
  • B. import and export control Act 1952
  • C. import and export control Act 1975
  • D. None of these
10 Import means the purchase of goods and services from foreign countries are called
  • A. Import trade
  • B. Export trade
  • C. Both a and b
  • D. None of these

Chapterwise Lists

Chapter Name Questions PDF File
Principle of Commerce Icom Part 1 English Medium Chapter 1 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 2 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 3 Online Test 15 Questions
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Principle of Commerce Icom Part 1 English Medium Chapter 5 Online Test 15 Questions
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Principle of Commerce Icom Part 1 English Medium Chapter 8 Online Test 15 Questions
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Principle of Commerce Icom Part 1 English Medium Chapter 12 Online Test 15 Questions
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Principle of Commerce Icom Part 1 English Medium Chapter 15 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 16 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 17 Online Test 15 Questions
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Principle of Commerce Icom Part 1 English Medium Chapter 19 Online Test 15 Questions
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Principle of Commerce Icom Part 1 English Medium Chapter 22 Online Test 15 Questions
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Principle of Commerce Icom Part 1 English Medium Chapter 24 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 25 Online Test 15 Questions
Principle of Commerce Icom Part 1 English Medium Chapter 26 Online Test 15 Questions

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