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

(a) Claim under marine insurance

(b) Claim with ECGC

2 / 50

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

a) Air

b) Rail

c) Ports

3 / 50

IT. CSR stands for……...?

a) Company Social Responsibility

b) Corporate Social Rights

c) Corporate Social Responsibility

4 / 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

5 / 50

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

(a) Conference

(b) IATA

6 / 50

IT. NAFTA means

(a) North American Free Trade Agreement

b) North American Foreign Trade Agreement

c) North Asian Free Trade Agreement

7 / 50

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

a) Product, Positioning, place and price

(b) Product, production, price and place

c) Product, place, price and promotion

8 / 50

IT. IATA works with ICAO which is an agency of

(a) U N

(b) WHO

9 / 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

10 / 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

11 / 50

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

(a) IATA

(b) AITA

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

(a) Bank guarantee

(b) Letter of credit

c) Letter of comfort

14 / 50

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

(a) Tariffs

(b) Subsidy

15 / 50

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

(a) Weight list

(b) Packing list

16 / 50

IT. What is another name for an air waybill?

(a) Air consignment note

b) Air consignee note

17 / 50

IT. Incoterms cover:

(a) Trade in intangibles

b) Ownership and transfer rights

c) Rights and obligations of parties to contract of sales

18 / 50

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

(a) Containers

b) Passengers

19 / 50

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

(a) Domestic firms from engaging in exports

(b) Items that can be exported from the country

20 / 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

21 / 50

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

(a) Commercial invoice

(b) Insurance document

22 / 50

IT. Exchange of home currency to foreign currency is known as………..

(a) Exchange control

(b) Foreign exchange rate

23 / 50

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

a) Road

b) Pipeline

c) Air

24 / 50

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

(a) Climate

(b) Topography

25 / 50

IT. IATA was formed in

(a) 1956

(b) 1945

26 / 50

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

(a) Air

b) Water

c) Road

27 / 50

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

(a) Priority right

b) Intellectual property right

28 / 50

IT. Seaport location would encourage all except?

a) Emigration

b) Commerce

c) Growth of the port town

29 / 50

IT. ICD stands for

(a) International container depot

(b) Intermodal container depot

c) Inland container depot

30 / 50

IT. The beneficiary under a letter of credit is

(a) The bank opening the credit

(b) The customer of the opening bank

31 / 50

IT. The Incoterm providing least responsibility to seller is

(a) EXW

(b) DDP

32 / 50

IT. Internal trade is otherwise called…………

(a) Foreign Trade

(b) Domestic Trade

33 / 50

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

(a) Only to its customers

(b) To any person provided the letter of the credit is issued by its correspondent bank

34 / 50

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

(a) Customs

b) NPA

c) NIMASA

35 / 50

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

(a) Land

b) Labour

36 / 50

IT. The Secretariat of the WTO is headed by the

(a) General Council

(b) Ministerial conference

37 / 50

IT. TEU stands for

a) Trade equivalent Unit

b) Twenty equivalent unit

c) Trade equity unit

38 / 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

39 / 50

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

(a) Sapele

b) Calabar

c) Apapa

40 / 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

41 / 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

42 / 50

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

(a) 1952

(b) 1956

43 / 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

44 / 50

IT. Which of the following is international trade:

(a) Trade between countries

(b) Trade between regions

45 / 50

IT. In a commercial shipping transaction, which of the following documents functions as a document of title by which goods may be transferred to a consignee or other party?

(a) Invoice

(b) Seaway bill

c) Bill of lading

46 / 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

47 / 50

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

(a) FAS

(b) DDP

48 / 50

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

(a) Equal

(b) Different

49 / 50

IT. A specific place for a ship in harbour is called----

(a) Berth

(b) Dock

c) Yard

50 / 50

IT. Uncontrollable environmental forces include:

(a) Exchange controls

(b) Taxation

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