Question # 1

Choose the correct full form of C&F

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Cost & Freight

Cost & Feasibility

Carriage & Freight

The indent in which the complete detail of goods is written called

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Close indent

Open indent

Complete indent

None of these

Choose the correct full form of F.O.B

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Free On Board

Forward Operating Base

Fall Out Boy

Freight On Board

If the trader does not want to get the goods himself, he issues to the officials:

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Bill of entry

Bill of sight

Delivery order

Bill of lading

If the importer cannot supply the details of goods to customer officials then he gives an application to them to examine the goods, this statement is called

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Bill of sight

Bill of lading

Bill of entry

Bill of order

The letter of credit is opened on the request of:

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Importer

Exporter

Government

None of these

An import trader can get himself registered under

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Import and export control act 1950

Import and export control act 1952

Import and export control act 1975

None of these

The source of importing goods:

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Wholesaler (trader)

Indent firm

Foreign purchase office

All of the above

An import trader can get himself registered under:

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import and export control Act 1950

import and export control Act 1952

import and export control Act 1975

None of these

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Principle of Commerce Icom Part 1 English Medium Chapter 13 Online Test MCQs With Answers

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