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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. 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. PESTLE is an acronym for what?

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IT. ICAO stands for

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

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

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

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

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IT. The Incoterm providing least responsibility to seller is

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

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

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

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IT. Foreign trade creates among countries ………

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IT. Open account method of payment is beneficial to

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

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

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IT. International trade and domestic trade differ because of:

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IT. The beneficiary under a letter of credit is

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

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

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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. CSR stands for……...?

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IT. What is another name for an air waybill?

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IT. OPEC means

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

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

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

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

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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 Secretariat of the WTO is headed by the

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

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

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IT. Intellectual property rights include:

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

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

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

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IT. IATA works with ICAO which is an agency of

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

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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. ……… is a one who agrees to ship all portion of his cargo through members of liner conference

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IT. Risks in foreign trade include:

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

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

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IT. Hazardous goods attract………. freight rates 

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

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IT. The cheapest means of transportation is …….

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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. The method of payment where the exporter relies on the undertaking of a bank to pay is

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

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IT. Final selection of supplier is based on: 

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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. ……… advices ship owner on various port details

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IT. TEU stands for

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

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IT. Irrevocable letters of credit:

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

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

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

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

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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. Seaport location would encourage all except?

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IT. Uncontrollable environmental forces include:

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

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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 seaports is known to have the largest throughput in Nigeria?

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IT. Incoterms cover:

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IT. The price quoted by the seller for the product

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IT. SMEs stands for:

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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 agencies is not under the Federal Ministry of Transport?

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IT. NAFTA means

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

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IT. FMCG means

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

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IT. Which of the following is international trade:

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IT. FCL stands for

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IT. Exports create:

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

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

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

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

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

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IT. ICD stands for

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

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IT. Internal trade is otherwise called…………

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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. 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 is not a physical element of a transport system?

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