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

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IT. Exports create:

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

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IT. The cheapest means of transportation is …….

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

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

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IT. Intellectual property rights include:

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

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

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

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IT. TEU stands for

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IT. ICAO stands for

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

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

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

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IT. The price quoted by the seller for the product

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

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

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

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

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IT. FMCG means

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

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IT. IATA works with ICAO which is an agency of

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

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IT. Uncontrollable environmental forces include:

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IT. The beneficiary under a letter of credit is

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

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IT. The Secretariat of the WTO is headed by the

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

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IT. CSR stands for……...?

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

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

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

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IT. NAFTA means

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

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

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

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IT. Hazardous goods attract………. freight rates 

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

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

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IT. FCL stands for

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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. Foreign trade creates among countries ………

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

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IT. IATA was formed in

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

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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. SMEs stands for:

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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. Risks in foreign trade include:

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IT. Irrevocable letters of credit:

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

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

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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 one who agrees to ship all portion of his cargo through members of liner conference

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

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IT. The annual cargo throughout at port generally refers to the

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IT. Final selection of supplier is based on: 

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

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IT. Incoterms cover:

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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. OPEC means

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

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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. Which of the following is international trade:

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

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

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IT. ICD stands for

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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. Transportation provides……….. utility to goods

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

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

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IT. PESTLE is an acronym for what?

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

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IT. International trade and domestic trade differ because of:

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

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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. The ease of movement between places is …….

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IT. The Incoterm providing least responsibility to seller is

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

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IT. Open account method of payment is beneficial to

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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. Seaport location would encourage all except?

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

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

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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 a trade association of airlines

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