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

11th Standard

    Reg.No. :
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Commerce

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

    Answer all the questions

    10 x 1 = 10
  1. STC is expansion for

    (a)

    State Training Centre

    (b)

    State Training Council

    (c)

    State Trading Centre

    (d)

    State Trading Corporation

  2. The ___________ receipt is an acknowledgement of receipt of goods on the ship issued by the Captain.

    (a)

    Shipping Bill

    (b)

    Bill of Lading

    (c)

    Mate's Receipt

    (d)

    Consular Invoice

  3. EXIM Bank was established in the year

    (a)

    1952

    (b)

    1962

    (c)

    1972

    (d)

    1982

  4. Which one of the following is not a import trade procedure?

    (a)

    Obtaining foreign exchange

    (b)

    Obtaining certificate of origin

    (c)

    Obtaining letter of credit

    (d)

    Receipt of shipment advice

  5. The document containing the guarantee of a bank to honour bill of exchange drawn on it by an exporter is

    (a)

    Letter of insurance

    (b)

    Bill of entry

    (c)

    Bill of lading

    (d)

    Letter of credit

  6. The hiring of entire ship for a specific time period is called ______

    (a)

    Shipping order

    (b)

    Voyage Charter

    (c)

    Charter Party

    (d)

    Time Charter

  7. __________company enjoys ownership accommodation in more than one country.

    (a)

    Multinational

    (b)

    Bilateral

    (c)

    Indigenous

    (d)

    Foreign

  8. Export Credit Guarantee Corporation (ECGC) covers_________.

    (a)

    commercial and political risks

    (b)

    financial risks

    (c)

    financing facilities

    (d)

    None of the above

  9. ___________license permits the import of goods from any country.

    (a)

    General

    (b)

    Specific

    (c)

    Import

    (d)

    Export

  10. ______________regulates the use of foreign exchange in India.

    (a)

    The Reserve Bank of India

    (b)

    The State Bank of India

    (c)

    Commercial Bank

    (d)

    World Bank

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TN 11th Standard Commerce free Online practice tests

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