0 votes, 0 avg

SHIPPING /IMPORT AND EXPORT MANAGEMENT

Welcome to Membership Exams. We wish you all the best as you kick start a wonderful career with us

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

Whether you are a student on our platform or not we encourage you to email your enquires to our friendly team if you need help with anything at info@membershipexams.com

REGISTER TO START YOUR EXAMINATION

1 / 50

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

(a) Air

b) Water

c) Road

2 / 50

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

(a) Weight list

(b) Packing list

3 / 50

IT. Internal trade is otherwise called…………

(a) Foreign Trade

(b) Domestic Trade

4 / 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

5 / 50

IT. Foreign trade creates among countries ………

(a) Conflicts

(b) Cooperation

6 / 50

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

(a) Literary work

(b) Musical work

7 / 50

IT. Hazardous goods attract………. freight rates

a) Low

b) High

c) Medium

8 / 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

9 / 50

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

(a) Seaport

b) Parks

c) Airport

10 / 50

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

(a) FAS

(b) DDP

11 / 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

12 / 50

IT. One of the following is least used as a beast of burden in ancient times?

a) Camel

b) Donkey

c) Goat

13 / 50

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

(a) IMF

b) ADB

14 / 50

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

(a) Bill of Lading

b) Chart

15 / 50

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

(a) Sapele

b) Calabar

c) Apapa

16 / 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

17 / 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

18 / 50

IT. Uncontrollable environmental forces include:

(a) Exchange controls

(b) Taxation

19 / 50

IT. FMCG means

a) Fast Moving Consumer Goods

(b) Foreign Measures on Consumer Goods

20 / 50

IT. SMEs stands for:

(a) Small and Medium Entrepreneurs

(b) Small Management of Enterprise

21 / 50

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

(a) Commercial invoice

(b) Insurance document

22 / 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

23 / 50

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

(a) Tariffs

(b) Subsidy

24 / 50

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

(a) Cash in advance

(b) Irrevocable letter of credit

25 / 50

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

(a) Containers

b) Passengers

26 / 50

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

(a) LASH

b) RORO

c) SD14

27 / 50

IT. Euro is not a legal tender in which of the following country………...

(a) Spain

(b) Greece

c) None of the above

28 / 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

29 / 50

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

a) Taafe, Morril and Gould

b) Adams Smith

c) Edward Ullman

30 / 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

31 / 50

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

(a) Credit risk

(b) Political risk

c) Financial risk

32 / 50

IT. International trade and domestic trade differ because of:

(a) Different government policies

(b) Immobility of factors

33 / 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

34 / 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

35 / 50

IT. The new world Trade organization WTO., which replaced the GATT came into effect from………

(a) 1st January 1991

(b) 1st January 1995

36 / 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

37 / 50

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

(a) Conference

(b) IATA

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

(a) Benin

(b) Ghana

40 / 50

IT. The Incoterm providing least responsibility to seller is

(a) EXW

(b) DDP

41 / 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

42 / 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

43 / 50

IT. The cheapest means of transportation is …….

a) Air

b) Rail

c) Water

44 / 50

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

(a) Place

b) Price

45 / 50

IT. Seaport location would encourage all except?

a) Emigration

b) Commerce

c) Growth of the port town

46 / 50

IT. OPEC means

(a) Organisation of Petroleum Exporting Countries

(b) Organisation of Pacific Economic Co-operation

47 / 50

IT. ICAO stands for

(a) International Credit Association

b) International Civil Aviation Association

48 / 50

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

a) Road

b) Pipeline

c) Air

49 / 50

IT. Exports create:

(a) Low wage employment

b) High wage employment

50 / 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

Your score is

INTERNATIONAL TRADE

REGISTER TO START YOUR EXAMINATION

WISH YOU BEST OF LUCK