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

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IT. Final selection of supplier is based on: 

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

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IT. FMCG means

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IT. IATA works with ICAO which is an agency of

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IT. CSR stands for……...?

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

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

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IT. The beneficiary under a letter of credit is

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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. Transportation provides……….. utility to goods

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

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

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

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

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IT. IATA was formed in

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

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

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

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IT. Irrevocable letters of credit:

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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. Internal trade is otherwise called…………

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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 is international trade:

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

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

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

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

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IT. ICD stands for

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IT. PESTLE is an acronym for what?

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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. What is another name for an air waybill?

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

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

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IT. Foreign trade creates among countries ………

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

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IT. Uncontrollable environmental forces include:

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

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

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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 agencies is not under the Federal Ministry of Transport?

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

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

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

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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. TEU stands for

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IT. The Secretariat of the WTO is headed by the

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

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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. 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. SMEs stands for:

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IT. Open account method of payment is beneficial to

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IT. International trade and domestic trade differ because of:

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

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IT. OPEC means

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

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IT. FCL stands for

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IT. Incoterms cover:

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IT. Exports create:

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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. Intellectual property rights include:

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

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

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IT. ICAO stands for

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

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

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IT. Hazardous goods attract………. freight rates 

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

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IT. The cheapest means of transportation is …….

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

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

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IT. NAFTA means

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IT. Risks in foreign trade include:

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IT. Seaport location would encourage all except?

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

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IT. Incoterm is specific about the responsibility for marine insurance in case 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. ……… 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 price quoted by the seller for the product

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

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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 term cannot be used for transportation of goods by Road or Air?

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

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

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

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

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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. A commercial invoice is issued by……….

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

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