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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. The Incoterm providing least responsibility to seller is

(a) EXW

(b) DDP

2 / 50

IT. Hazardous goods attract………. freight rates

a) Low

b) High

c) Medium

3 / 50

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

a) Road

b) Pipeline

c) Air

4 / 50

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

(a) Exchange control

(b) Foreign exchange rate

5 / 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

6 / 50

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

(a) Containers

b) Passengers

7 / 50

IT. FMCG means

a) Fast Moving Consumer Goods

(b) Foreign Measures on Consumer Goods

8 / 50

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

(a) Cash in advance

(b) Irrevocable letter of credit

9 / 50

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

(a) Benin

(b) Ghana

10 / 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

11 / 50

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

(a) Spatial integration

B) Spatial accessibility

(c)Spatial interaction

12 / 50

IT. Intellectual property rights include:

(a) Patents

(b) Trade secrets

c) All of the above

13 / 50

IT. The Secretariat of the WTO is headed by the

(a) General Council

(b) Ministerial conference

14 / 50

IT. The concept of Complementarity, Intervening opportunity and Transferability was propounded by.…….

a) Taafe, Morril and Gould

b) Adams Smith

c) Edward Ullman

15 / 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

16 / 50

IT. ………. are vessels designed to carry cars

(a) SD14

(b) RORO

17 / 50

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

(a) Cultural factors

(b) Political factors

c) Technology

18 / 50

IT. NAFTA means

(a) North American Free Trade Agreement

b) North American Foreign Trade Agreement

c) North Asian Free Trade Agreement

19 / 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

20 / 50

IT. ICD stands for

(a) International container depot

(b) Intermodal container depot

c) Inland container depot

21 / 50

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

(a) Berth

(b) Dock

c) Yard

22 / 50

IT. IATA was formed in

(a) 1956

(b) 1945

23 / 50

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

(a) 1952

(b) 1956

24 / 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

25 / 50

IT. Internal trade is otherwise called…………

(a) Foreign Trade

(b) Domestic Trade

26 / 50

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

(a) Weight list

(b) Packing list

27 / 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

28 / 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

29 / 50

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

(a) Sapele

b) Calabar

c) Apapa

30 / 50

IT. ……… system refers to the practice of loading barges (lighters) aboard a larger vessel for transport

(a) LASH

b) RORO

c) SD14

31 / 50

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

(a) Land

b) Labour

32 / 50

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

a) ship agent

b) stevedores

c) freight forwarder

33 / 50

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

(a) FOB and EXW

(b) FOB and CIF

34 / 50

IT. What is another name for an air waybill?

(a) Air consignment note

b) Air consignee note

35 / 50

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

(a) IATA

(b) AITA

36 / 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

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

(a) Ministry of Finance

b) Ministry of Trade and Investment

C. Ministry of Foreign Affairs

39 / 50

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

(a) IMF

b) ADB

40 / 50

IT. The cheapest means of transportation is …….

a) Air

b) Rail

c) Water

41 / 50

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

(a) Air

b) Water

c) Road

42 / 50

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

(a) FAS

(b) DDP

43 / 50

IT. TEU stands for

a) Trade equivalent Unit

b) Twenty equivalent unit

c) Trade equity unit

44 / 50

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

(a) Seaport

b) Parks

c) Airport

45 / 50

IT. CSR stands for……...?

a) Company Social Responsibility

b) Corporate Social Rights

c) Corporate Social Responsibility

46 / 50

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

(a) Customs

b) NPA

c) NIMASA

47 / 50

IT. Uncontrollable environmental forces include:

(a) Exchange controls

(b) Taxation

48 / 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

49 / 50

IT. The beneficiary under a letter of credit is

(a) The bank opening the credit

(b) The customer of the opening bank

50 / 50

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

(a) Claim under marine insurance

(b) Claim with ECGC

Your score is

INTERNATIONAL TRADE

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