New ! Commerce MCQ Practise Tests

11th Standard Commerce Export and Import Procedures English Medium Free Online Test One Mark Questions 2020 - 2021

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. EPC stands for

    (a)

    Export Processing Commission

    (b)

    Export Promotion Council

    (c)

    Export Carriage Council

    (d)

    Export Promotion Congress

  2. An ___________ is document prepared by importer an sent to the exporter to buy the goods

    (a)

    Invoice

    (b)

    Indent

    (c)

    Enquiry

    (d)

    Charter party

  3. Which of the following institution provides insurance against various risks in international trade

    (a)

    Export Promotion Council

    (b)

    Export and Credit Guarantee Corporation

    (c)

    Commodity Board

    (d)

    State Trading Corporation

  4. Which one of the following is not the export trade procedures?

    (a)

    Arrival of goods

    (b)

    Packing and forwarding

    (c)

    Preparation of invoice

    (d)

    Insurance of goods

  5. Which one of the following document is not required in connection with an import trade?

    (a)

    Bill of entry

    (b)

    Bill of sight

    (c)

    Mate's receipt

    (d)

    Letter of credit

  6. Expand RCMC

    (a)

    Registration cum Membership Council

    (b)

    Registration cum Manufacturing council

    (c)

    Registration cum Membership Certificate

    (d)

    Registration commodity manufacturing council

  7. Dock Receipt is also called as ________

    (a)

    Port Trust Receipt

    (b)

    Shipping Bill Receipt

    (c)

    Bill of Lading

    (d)

    None of the above

  8. Economies of scale are enjoyed when goods are produced at___________.

    (a)

    small-scale

    (b)

    large-scale

    (c)

    lower-scale

    (d)

    consumption level

  9. Export Credit Guarantee Corporation (ECGC) covers_________.

    (a)

    commercial and political risks

    (b)

    financial risks

    (c)

    financing facilities

    (d)

    None of the above

  10. _____________is also called quotation.

    (a)

    Written request

    (b)

    Import trade procedure

    (c)

    Obtaining of license

    (d)

    Trade enquiry

*****************************************

TN 11th Standard Commerce free Online practice tests

Reviews & Comments about 11th Standard Commerce Export and Import Procedures English Medium Free Online Test One Mark Questions 2020 - 2021

Write your Comment