MCQsFoundry.com brings to you 500+ Principles of Commerce ICOM Mcqs which are new and latest. These Mcqs are never published on internet so far. For full information about all PPSC / FPSC / CSS / PMS latest jobs visit theiteducation.com
![Principles of Commerce ICOM Part 01 Top 500 + MCQS Download Pdf](https://mcqsfoundry.com/wp-content/uploads/2021/04/Top-500-principal-of-commerce-mcqs.jpg)
Chapter # 12
Foreign Trade
Encircle the most appropriate answer from the following options
1 Due to foreign trade, the less developed countries:
- Becomes international slaves
- Do not live alone
- Do not progress
- None of these
2 In case of emergency, foreign trade makes the supply of goods:
- Easy
- Unimportant
- Difficult
- Important
3 The bill of lading reveals the:
- Legal ownership of goods
- Government ownership of goods
- Price of goods
- None of the above
4 Because of international trade, the less developed countries make progress:
- Economically
- Stately/republically
- Politically
- None of the above
5 How many copies of bill of lading are prepared:
- Two
- Four
- Three
- Five
6 What is prepared after sending the goods:
- Invoice
- Bill of lading
- Receipts of mate
- All of the above
7. What does happen after the exchange of goods:
- Development of cordial relations between the countries
- More chances of fight or war
- Economic crises arise
- Scarcity of goods
8. what is written on the bill of entry of goods
- Quantity and price
- Value of insurance
- Quality & type
- None of these
9 A charter party is:
- A contract to reserve a ship for carrying goods
- Application for opening the letter of credit
- Letter of indemnity
- All of the above
10 Who does write the delivery order: Exporter
- Owner of goods at port
- Importer’s bank
- Govt agent
- one of the above
11 Because of foreign trade the demand for national /home product
- Reduce
- Increase
- Remain normal
- Both 1 & 2
12 The documents issued by the Authorized officer after counting & checking the loaded goods on ship:
- Shipping order
- Receipt of mate
- Marine insurance
- Bill of lading
13. The person who makes arrangements for the departure of goods:
- Forwarding agent
- Commission agent
- Clearing agent
- Underwriter
14 The exporter gets the certificate of origin from:
- Chamber of commerce
- Importing bank
- Custom officials
- Exporting bank
15 If goods are bought from another country for exporting, it is called:
- Export trade
- Import trade
- Entrepot trade
- None of these