Principles of Commerce ICOM Part 01 Top 500 + MCQS Download Pdf Chapter No 13
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Chapter # 13
Import Trade
Encircle the most appropriate answer from the following options
1 If the price of goods includes the expenses till custom duty vit is called:
- Duty paid
- Inbond
- Custom paid
- None of these
2 The indent in which the complete detail of goods written called:
- Close indent
- Complete indent
- Open indent
- None of these
3 If the importer cannot supply the details -to customer officials then he gives an application to the to examine the goods, this statement is called:
- Bill of sight
- Bill of entry
- Bill of lading
- Bill of order
4 If the trader does not want to get the goods himself, he issues to the officials:
- Bill of entry
- Delivery order
- Bill of sight
- Bill of lading
5 After the arrival of goods at port, the importer presents its complete detail to custom officials, this detail is called:
- Bill of lading
- Bill of entry
- Bill of sight
- None of these
6 The letter of credit is opened on the request of:
- Importer
- Exporter
- Government
- None of these
7 The source of importing goods:
- Wholesaler (trader)
- Foreign purchase office
- Indent firm
- All the above
8 An import trader can get himself registered under:
- Import and export control Act 1950
- Import and export control Act 1952
- Import and export control Act 1975
- None of these