First Year Principles of Commerce Chapter 14 Online MCQ Test for 1st Year Principles of Commerce Chapter 14 (Export Trade)

This online test contains MCQs about following topics:

Meaning and definition of export trade . Methods of selling goods in foreign countries . Procedure of export

ICOM Part 1 Commerce Ch. 14 Test
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MCQ's Test For Chapter 14 "Principle of Commerce Icom Part 1 English Medium Chapter 14 Online Test"

Try The MCQ's Test For Chapter 14 "Principle of Commerce Icom Part 1 English Medium Chapter 14 Online Test"

  • Total Questions15

  • Time Allowed20

Principle of Commerce Icom Part 1 English Medium Chapter 14 Online Test

00:00
Question # 1

What is prepared by the exporter on the settlements of matters:

Question # 2

The methods of selling goods in foreign countries:

Question # 3

The indent is also called:

Question # 4

How many methods of selling goods in foreign countries

Question # 5

State the procedure or steps of exporting goods are

Question # 6

What is prepared by the exporter on the settlements of matters

Question # 7

Due to export trade:

Question # 8

Which documents are prepared by the exporter after the settlement of affairs are

Question # 9

How many types of an indents

Question # 10

If the price and quality of goods alongwith other factors are decided before the execution of order then it is called

Question # 11

Due to export trade

Question # 12

Export trade includes all the activities, which are performed in sending goods from one country to another country is called

Question # 13

When both the parties are satisfied with the performance of each other then their deal comes to an end are called

Question # 14

Who does accept and indent:

Question # 15

How many step in procedure of export trade

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11th Principles of Commerce Chapter 14 Test

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ICom Part 1 Class Principle of Commerce (English Medium) Chapter 14 Important MCQ's

Sr.# Question Answer
1 If the goods and services are sold to the trader pf another country then it is called
A. Import trade
B. Export trade
C. Foreign trade
D. None of these
2 How many types of an indents
A. 2
B. 3
C. 4
D. 5
3 If the exporter is made responsible for deciding the quality and price of goods, alongwith orher factors then it is called
A. Open indent
B. Close indent
C. Both a and b
D. None of these
4 Due to export trade
A. Increase in employment opportunities
B. Increase in foreign exchange
C. Relations with other countries establish
D. All of the above
5 Who does accept an indent
A. Exporter
B. Importer
C. Government
D. None of these
6 The indent is also called:
A. Marine insurance policy
B. Inquiry letter
C. Bill of lading
D. None of these
7 When both the parties are satisfied with the performance of each other then their deal comes to an end are called
A. End of deal
B. Securing payment
C. Delivery of documents
D. Dispatching the documents
8 If the price and quality of goods alongwith other factors are decided before the execution of order then it is called
A. Close indent
B. Open indent
C. Both a and b
D. None of these
9 What is prepared by the exporter on the settlements of matters
A. Invoice
B. Consular invoice
C. Certificate of origin
D. All of these
10 What is prepared by the exporter on the settlements of matters:
A. Invoice
B. Consular invoice
C. Certificate of origin
D. All of these

Test Questions

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