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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. ………. is a trade association of airlines

(a) Conference

(b) IATA

2 / 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

3 / 50

IT. Mobility is fundamental to ………between a point of origin and another destination.

(a) Spatial integration

B) Spatial accessibility

(c)Spatial interaction

4 / 50

IT. ……… is a one who agrees to ship all portion of his cargo through members of liner conference

a) Contract exporter

b) Tramper

c) Logistician

5 / 50

IT. Exports and Imports come under the purview of………..

(a) Ministry of Finance

b) Ministry of Trade and Investment

C. Ministry of Foreign Affairs

6 / 50

IT. ICD stands for

(a) International container depot

(b) Intermodal container depot

c) Inland container depot

7 / 50

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

(a) Customs

b) NPA

c) NIMASA

8 / 50

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

(a) Air

b) Water

c) Road

9 / 50

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

(a) IMF

b) ADB

10 / 50

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

(a) Cash in advance

(b) Irrevocable letter of credit

11 / 50

IT. TEU stands for

a) Trade equivalent Unit

b) Twenty equivalent unit

c) Trade equity unit

12 / 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

13 / 50

IT. IATA works with ICAO which is an agency of

(a) U N

(b) WHO

14 / 50

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

(a) Commercial invoice

(b) Insurance document

15 / 50

IT. Seaport location would encourage all except?

a) Emigration

b) Commerce

c) Growth of the port town

16 / 50

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

(a) Credit risk

(b) Political risk

c) Financial risk

17 / 50

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

(a) Carrying out production in more than one country

(b) Having sales in more than one country

18 / 50

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

(a) Place

b) Price

19 / 50

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

(a) Bill of Lading

(b) Letter of Credit

20 / 50

IT. CSR stands for……...?

a) Company Social Responsibility

b) Corporate Social Rights

c) Corporate Social Responsibility

21 / 50

IT. Intellectual property rights include:

(a) Patents

(b) Trade secrets

c) All of the above

22 / 50

IT. The cheapest means of transportation is …….

a) Air

b) Rail

c) Water

23 / 50

IT. Hazardous goods attract………. freight rates

a) Low

b) High

c) Medium

24 / 50

IT. Exports create:

(a) Low wage employment

b) High wage employment

25 / 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

26 / 50

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

(a) Containers

b) Passengers

27 / 50

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

(a) Literary work

(b) Musical work

28 / 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

29 / 50

IT. ………. is the application of knowledge which redefine the boundaries of global business

(a) Cultural factors

(b) Political factors

c) Technology

30 / 50

IT. ICAO stands for

(a) International Credit Association

b) International Civil Aviation Association

31 / 50

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

(a) Composite demand

(b) Derived demand

32 / 50

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

a) Air

b) Rail

c) Ports

33 / 50

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

(a) Priority right

b) Intellectual property right

34 / 50

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

a) Road

b) Pipeline

c) Air

35 / 50

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

(a) FAS

(b) DDP

36 / 50

IT. FMCG means

a) Fast Moving Consumer Goods

(b) Foreign Measures on Consumer Goods

37 / 50

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

(a) Domestic firms from engaging in exports

(b) Items that can be exported from the country

38 / 50

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

(a) Asia

(b) Europe

39 / 50

IT. The price quoted by the seller for the product

(a) Will vary depending upon the incoterm chosen

(b) Irrespective of the incoterm

(b) Irrespective of the incoterm (c) Will be the base price; the effect of incoterm to be added later

40 / 50

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

(a) Advance freight

b) Lumpsum freight

c) Dead freight

41 / 50

IT. International trade and domestic trade differ because of:

(a) Different government policies

(b) Immobility of factors

42 / 50

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

(a) Bill of Lading

b) Chart

43 / 50

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

(a) IATA

(b) AITA

44 / 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

45 / 50

IT. The payment terms offered by exporters to foreign buyers are all of the following except:

(a) Cash in advance

(b) Consignment but negotiable note

c) Open account

46 / 50

IT. SMEs stands for:

(a) Small and Medium Entrepreneurs

(b) Small Management of Enterprise

47 / 50

IT. One of the following is not a Maritime Transport Agency in Nigeria?

a) Nigeria Ports Authority

b) Nigerian Shippers Council

c) Nigeria Maritime Transport Agency

48 / 50

IT. Which of the following is not considered as factors of production?

(a) Land

b) Labour

49 / 50

IT. Incoterm is specific about the responsibility for marine insurance in case of

(a) FOB and EXW

(b) FOB and CIF

50 / 50

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

(a) Trafficability

b) Accessibility

c) Transferability

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