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SHIPPING /IMPORT AND EXPORT MANAGEMENT

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ONLINE EXAMINATIONS

The online assessment is taken on completion of the training material. You will be asked 100 multiple choice questions with a pass mark of 50%. The answers are marked automatically so you will instantly know whether you have passed. If you don’t pass don’t worry! You can take the Exam again

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1 / 50

IT. When goods are sent by airway sender needs to prepare……….

(a) Bill of Lading

b) Chart

2 / 50

IT. Risks in foreign trade include:

(a) War, terrorism, actions of legitimate government authorities to confiscate cargo

(b) Nonpayment or delays in payment for imports

3 / 50

IT. ICAO stands for

(a) International Credit Association

b) International Civil Aviation Association

4 / 50

IT. OPEC means

(a) Organisation of Petroleum Exporting Countries

(b) Organisation of Pacific Economic Co-operation

5 / 50

IT. Many representative contracts provide that any dispute between the parties shall be submitted to arbitration for final settlement in accordance with the rules of the

(a) International chamber of commerce

(b) National chamber of commerce

6 / 50

IT. The cheapest means of transportation is …….

a) Air

b) Rail

c) Water

7 / 50

IT. Euro is not a legal tender in which of the following country………...

(a) Spain

(b) Greece

c) None of the above

8 / 50

IT. In which way do Chinese firms typically exploit foreign market opportunities?

(a) Using perceived value pricing strategies

(b) Using psychological pricing strategies

c) Using penetration pricing strategies

9 / 50

IT. ………. is a trade association of airlines

(a) Conference

(b) IATA

10 / 50

IT. International chamber of commerce was established on………...

(a) 1952

(b) 1956

11 / 50

IT. Which of the following is not a mode of transportation?

a) Air

b) Rail

c) Ports

12 / 50

IT. Basic need potential is often determined by environmental conditions such as:

(a) Climate

(b) Topography

13 / 50

IT. CSR stands for……...?

a) Company Social Responsibility

b) Corporate Social Rights

c) Corporate Social Responsibility

14 / 50

IT. Final selection of supplier is based on:

(a) International knowledge and experience of supplier

(b) Supplier’s willingness to devote sufficient time to develop the product

15 / 50

IT. The ease of movement between places is …….

(a) Trafficability

b) Accessibility

c) Transferability

16 / 50

IT. According to the theory of comparative advantage, which of the following is not a reason why countries trade?

(a) Costs are higher in one country than in another

(b) Prices are lower in one country than in another

17 / 50

IT. The central feature of contracts is the notion that the seller undertakes to place the goods on board the ship designated by the buyer

(a) FAS

(b) CIS

18 / 50

IT. If export cargo is lost in transit, the exporter should

(a) Claim under marine insurance

(b) Claim with ECGC

19 / 50

IT.Which organization is the forum in which fares and rates are negotiated among member airlines?

(a) IATA

(b) AITA

20 / 50

IT. Uncontrollable environmental forces include:

(a) Exchange controls

(b) Taxation

21 / 50

IT. Exports create:

(a) Low wage employment

b) High wage employment

22 / 50

IT. Which of the following cargo types has had the greatest impact on multimodal transport?

(a) Containers

b) Passengers

23 / 50

IT. The new world Trade organization WTO., which replaced the GATT came into effect from………

(a) 1st January 1991

(b) 1st January 1995

24 / 50

IT. International trade and domestic trade differ because of:

(a) Different government policies

(b) Immobility of factors

25 / 50

IT. Trade between two countries can be useful if cost ratios of goods are ………

(a) Equal

(b) Different

26 / 50

IT. The annual cargo throughout at port generally refers to the

(a) Volume of bulk and liquefied cargo

(b) Volume of bulk cargo transiting the port

c) Total tonnage of imported and exported cargo

27 / 50

IT. ……… advices ship owner on various port details

a) ship agent

b) stevedores

c) freight forwarder

28 / 50

IT. Open account method of payment is beneficial to

(a) Buyer

(b) The seller

29 / 50

IT. TEU stands for

a) Trade equivalent Unit

b) Twenty equivalent unit

c) Trade equity unit

30 / 50

IT. Railway station is to the train while ………is to the ocean-going vessel

(a) Seaport

b) Parks

c) Airport

31 / 50

IT. Which of the following is an important document in international trade?

(a) Commercial invoice

(b) Insurance document

32 / 50

IT. The leading continent in international trade in IT products is………..

(a) Asia

(b) Europe

33 / 50

IT. FCL stands for

(a) Full container load

b) Freight container load

c) Freight cargo load

34 / 50

IT. Which of the following is not a physical element of a transport system?

(a) The way

(b) The motive power

c) The model

35 / 50

IT. ICD stands for

(a) International container depot

(b) Intermodal container depot

c) Inland container depot

36 / 50

IT. Which of the following agencies is not under the Federal Ministry of Transport?

(a) Customs

b) NPA

c) NIMASA

37 / 50

IT. A formal agreement among two or more countries, in which customs duties and nontariff trade barriers among members are eliminated, but individual tariff schedules are maintained for nonmembers is referred to as a

(a) Common Market

b) Monetary Union

c) Free Trade Area

38 / 50

IT. The beneficiary under a letter of credit is

(a) The bank opening the credit

(b) The customer of the opening bank

39 / 50

IT. Trade between the nation without any restriction is known as………..

a) Protection trade

b) Free trade

c) Terms of trade

40 / 50

IT. ……… and ……… of cargo has the added advantage of synchronizing promotions and long-term inventory decisions for customers

(a) Tracking; tracing

(b) Tracking; servicing

41 / 50

IT. Incoterms cover:

(a) Trade in intangibles

b) Ownership and transfer rights

c) Rights and obligations of parties to contract of sales

42 / 50

IT. The following payment method could be risky for the seller:

(a) Cash in advance

(b) Irrevocable letter of credit

43 / 50

IT. Which of the following modes of transportation has been widely used for inter-continental trips?

(a) Air

b) Water

c) Road

44 / 50

IT. Transportation provides……….. utility to goods

(a) Place

b) Price

45 / 50

IT. A copyright does not protect which of the following?

(a) Literary work

(b) Musical work

46 / 50

IT. A critical important concept of demand in the transport sector is………

(a) Composite demand

(b) Derived demand

47 / 50

IT.By having business in different countries, a firm reduces……….

(a) Credit risk

(b) Political risk

c) Financial risk

48 / 50

IT. ………… is duty or tax imposed on a commodity when it crosses the national boundaries

(a) Tariffs

(b) Subsidy

49 / 50

IT. PESTLE is an acronym for what?

(a) Political, environmental, technological, legal, and environmental

b) Political, environmental, shareholding, technological, logistical, and e-marketing

c) Political, environmental, social, technological, legal, and environmental

50 / 50

IT. If a letter of credit can be neither cancelled nor modified without the consent of all parties, it is known as………...

(a) Revolving

(b) Irrevocable

Your score is

INTERNATIONAL TRADE

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