Membership Exams

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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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IT. The Incoterm providing least responsibility to seller is

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

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

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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

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

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IT. IATA was formed in

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IT. Uncontrollable environmental forces include:

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

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IT. ……… is the payment method most often used in international trade which offers the exporter best assurance of being paid for the products sold internationally 

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IT. Intellectual property rights include:

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IT. Risks in foreign trade include:

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IT. The method of payment where the exporter relies on the undertaking of a bank to pay is

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IT. The cheapest means of transportation is …….

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IT. PESTLE is an acronym for what?

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IT. A multinational corporation (MNC) is defined by………...

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IT. IATA works with ICAO which is an agency of

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IT. CSR stands for……...?

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IT. ………. are also known as International Bank for Reconstruction and Development

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

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IT. The four Ps are characterized as being ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐.

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IT. SMEs stands for:

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IT. ………. freight is paid at the destination when a substantial part of cargo arrives

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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

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IT. Which of the following organizations extends preferential status to developing countries by releasing them from making concessions not consistent with their individual development, financial and trade requirements?

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IT. NAFTA means

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IT. ICAO stands for

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

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IT. Incoterms cover:

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IT. Which of the following countries is not a member of the Economic Community of West African States?

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IT. Advising of letter of credit will be done by the bank

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

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IT. The mostly used mode of transporting liquid cargoes globally is…….

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IT. Which of the following seaports is known to have the largest throughput in Nigeria?

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

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

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

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IT. What is another name for an air waybill?

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IT. Foreign trade creates among countries ………

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IT. Large stacker cranes are mainly used as a replacement for a ship’s gear to load and unload which of the following types of cargo?

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IT.  A document that contains a precise description of the goods is known as a……….

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IT. Which of the following term cannot be used for transportation of goods by Road or Air?

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

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

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IT. Hazardous goods attract………. freight rates 

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IT. Exports create:

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IT. The term relates to patent, trademarks, copyrights and trade secrets

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IT. Export control refers to restrictions on………..

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

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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

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

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