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

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

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IT. PESTLE is an acronym for what?

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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. IATA works with ICAO which is an agency of

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

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

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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. ……… advices ship owner on various port details

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IT. CSR stands for……...?

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

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

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

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

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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. OPEC means

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

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IT. The beneficiary under a letter of credit is

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IT. The cheapest means of transportation is …….

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

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

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

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IT. ICD stands for

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

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IT. Incoterms cover:

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

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

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IT. Exports create:

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IT. IATA was formed in

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

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

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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 is 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. The Incoterm providing least responsibility to seller is

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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. 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. FMCG means

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

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

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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. Risks in foreign trade include:

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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 is not a mode of transportation?

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

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

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

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

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

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

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

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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. Irrevocable letters of credit:

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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. The payment terms offered by exporters to foreign buyers are all of the following except:

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IT. Uncontrollable environmental forces include:

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IT. FCL stands for

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IT. Open account method of payment is beneficial to

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IT. Foreign trade creates among countries ………

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

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

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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. The annual cargo throughout at port generally refers to the

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

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

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IT. International trade and domestic trade differ because of:

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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. Hazardous goods attract………. freight rates 

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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. The ease of movement between places is …….

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

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IT. The Secretariat of the WTO is headed by the

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

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

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IT. NAFTA means

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IT. TEU stands for

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

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

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IT. SMEs stands for:

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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. Internal trade is otherwise called…………

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

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

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IT. The price quoted by the seller for the product

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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. ………. are vessels designed to carry cars

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

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IT. Final selection of supplier is based on: 

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