SHIPPING /IMPORT AND EXPORT MANAGEMENT
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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. Intellectual property rights include:
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IT. ICD stands for
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IT. ……… is a one who agrees to ship all portion of his cargo through members of liner conference
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IT. IATA was formed in
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IT. If export cargo is lost in transit, the exporter should
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IT. Irrevocable letters of credit:
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IT. ………. are vessels designed to carry cars
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IT.Which organization is the forum in which fares and rates are negotiated among member airlines?
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IT. CSR stands for……...?
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IT. One of the following is not a Maritime Transport Agency in Nigeria?
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IT. If a letter of credit can be neither cancelled nor modified without the consent of all parties, it is known as………...
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IT. ………… is duty or tax imposed on a commodity when it crosses the national boundaries
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IT. International chamber of commerce was established on………...
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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. FMCG means
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IT. A multinational corporation (MNC) is defined by………...
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IT. NAFTA means
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IT. The beneficiary under a letter of credit is
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IT. ……… system refers to the practice of loading barges (lighters) aboard a larger vessel for transport
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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 modes of transportation has been widely used for inter-continental trips?
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IT. ………. is a trade association of airlines
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IT. Hazardous goods attract………. freight rates
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IT. International trade and domestic trade differ because of:
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IT. Which of the following agencies is not under the Federal Ministry of Transport?
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IT. Export control refers to restrictions on………..
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IT. Final selection of supplier is based on:
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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. ……… 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. The ease of movement between places is …….
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IT. Basic need potential is often determined by environmental conditions such as:
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IT. A specific place for a ship in harbour is called----
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IT. Open account method of payment is beneficial to
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IT. Which of the following cargo types has had the greatest impact on multimodal transport?
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IT. Which of the following is not a mode of transportation?
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IT. Seaport location would encourage all except?
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IT. ………. are also known as International Bank for Reconstruction and Development
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IT. The Secretariat of the WTO is headed by the
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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 new world Trade organization WTO., which replaced the GATT came into effect from………
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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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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?
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IT. ……… advices ship owner on various port details
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IT. IATA works with ICAO which is an agency of
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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. The concept of Complementarity, Intervening opportunity and Transferability was propounded by.…….
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IT. Which of the following is an important document in international trade?
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IT. Transportation provides……….. utility to goods
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IT. Incoterm is specific about the responsibility for marine insurance in case of
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IT. A critical important concept of demand in the transport sector is………
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IT. Trade between two countries can be useful if cost ratios of goods are ………
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IT. One of the following is least used as a beast of burden in ancient times?
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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. ICAO stands for
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IT. Trade between the nation without any restriction is known as………..
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IT. The annual cargo throughout at port generally refers to the
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IT. Railway station is to the train while ………is to the ocean-going vessel
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IT. Uncontrollable environmental forces include:
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IT. Exchange of home currency to foreign currency is known as………..
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IT. ………. is the application of knowledge which redefine the boundaries of global business
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IT. FCL stands for
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IT. Exports create:
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IT. Which of the following is not considered as factors of production?
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IT. ………. freight is paid at the destination when a substantial part of cargo arrives
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IT. Advising of letter of credit will be done by the bank
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IT. Euro is not a legal tender in which of the following country………...
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IT. The following payment method could be risky for the seller:
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IT. The term relates to patent, trademarks, copyrights and trade secrets
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IT. The four Ps are characterized as being ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐.
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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. The mostly used mode of transporting liquid cargoes globally is…….
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IT. PESTLE is an acronym for what?
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IT. A document that contains a precise description of the goods is known as a……….
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IT. The Incoterm providing least responsibility to seller is
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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. A copyright does not protect which of the following?
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IT. Which of the following seaports is known to have the largest throughput in Nigeria?
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IT. Which of the following is not a physical element of a transport system?
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IT. Risks in foreign trade include:
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IT. Which of the following is international trade:
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IT. Foreign trade creates among countries ………
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IT. The leading continent in international trade in IT products is………..
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IT. A commercial invoice is issued by……….
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IT. What is another name for an air waybill?
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IT. Mobility is fundamental to ………between a point of origin and another destination.
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IT. In which way do Chinese firms typically exploit foreign market opportunities?
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IT. Exports and Imports come under the purview of………..
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IT.By having business in different countries, a firm reduces……….
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IT. OPEC means
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IT. The price quoted by the seller for the product
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IT. The cheapest means of transportation is …….
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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. The payment terms offered by exporters to foreign buyers are all of the following except:
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IT. Incoterms cover:
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IT. TEU stands for
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IT. Internal trade is otherwise called…………
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IT. When goods are sent by airway sender needs to prepare……….
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IT. SMEs stands for:
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