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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. FMCG means

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

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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. Intellectual property rights include:

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

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IT. Foreign trade creates among countries ………

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IT. Incoterms cover:

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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 agencies is not under the Federal Ministry of Transport?

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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. Exports create:

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

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IT. OPEC means

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IT. Final selection of supplier is based on: 

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IT. Open account method of payment is beneficial to

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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. TEU stands for

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

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

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

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IT. ICAO stands for

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

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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. IATA works with ICAO which is an agency of

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IT. PESTLE is an acronym for what?

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

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

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IT. Risks in foreign trade include:

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

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

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

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

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

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

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IT. Seaport location would encourage all except?

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

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IT. What is another name for an air waybill?

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IT. SMEs stands for:

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

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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. FCL stands for

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

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

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

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IT. The Incoterm providing least responsibility to seller is

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

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

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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. Which of the following is international trade:

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

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

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

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

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IT. NAFTA means

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IT. The price quoted by the seller for the product

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

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

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

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

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

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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. IATA was formed in

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IT. Hazardous goods attract………. freight rates 

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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.Which organization is the forum in which fares and rates are negotiated among member airlines?

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IT. Irrevocable letters of credit:

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IT. CSR stands for……...?

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

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

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

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

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

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

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

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

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

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

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IT. International trade and domestic trade differ because of:

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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 ease of movement between places is …….

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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 is an important document in international trade?

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IT. ICD stands for

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IT. The beneficiary under a letter of credit is

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IT. The leading continent in international trade in IT products 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. The Secretariat of the WTO is headed by the

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IT. Internal trade is otherwise called…………

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