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14

INTERNATIONAL TRADE

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

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IT. TEU stands for

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IT. Exports create:

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

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IT. Open account method of payment is beneficial to

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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. The Secretariat of the WTO is headed by the

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

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IT. CSR stands for……...?

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IT. ICD stands for

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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. According to the theory of comparative advantage, which of the following is not a reason why countries trade?

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IT. Uncontrollable environmental forces include:

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IT. SMEs stands for:

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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. FCL stands for

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IT. ICAO stands for

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

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

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IT. Internal trade is otherwise called…………

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

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

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IT. The beneficiary under a letter of credit is

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

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

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IT. The price quoted by the seller for the product

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

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IT. IATA works with ICAO which is an agency of

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IT. Final selection of supplier is based on: 

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

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

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IT. Which of the following is not a physical element of a transport system?

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IT. Intellectual property rights include:

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

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

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

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

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IT. Trade between the nation without any restriction is known as………..

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

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IT. Which of the following is international trade:

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

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

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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. Incoterms cover:

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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. The annual cargo throughout at port generally refers to the

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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. Risks in foreign trade include:

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IT. What is another name for an air waybill?

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

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

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

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IT. IATA was formed in

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

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

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

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

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IT. Hazardous goods attract………. freight rates 

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

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IT. OPEC means

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IT. International trade and domestic trade differ because of:

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

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

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

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IT. Irrevocable letters of credit:

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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. PESTLE is an acronym for what?

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

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

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

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

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

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

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

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IT. NAFTA means

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IT. A commercial invoice is issued by……….

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

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

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

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IT. Seaport location would encourage all except?

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

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IT. In which way do Chinese firms typically exploit foreign market opportunities?

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

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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. Foreign trade creates among countries ………

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IT. The Incoterm providing least responsibility to seller is

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

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IT. FMCG means

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

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IT. The cheapest means of transportation is …….

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