0 votes, 0 avg

SHIPPING /IMPORT AND EXPORT MANAGEMENT

Welcome to Membership Exams. We wish you all the best as you kick start a wonderful career with us

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

Whether you are a student on our platform or not we encourage you to email your enquires to our friendly team if you need help with anything at info@membershipexams.com

REGISTER TO START YOUR EXAMINATION

1 / 50

IT. NAFTA means

(a) North American Free Trade Agreement

b) North American Foreign Trade Agreement

c) North Asian Free Trade Agreement

2 / 50

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

(a) Weight list

(b) Packing list

3 / 50

IT. Risks in foreign trade include:

(a) War, terrorism, actions of legitimate government authorities to confiscate cargo

(b) Nonpayment or delays in payment for imports

4 / 50

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

(a) Conference

(b) IATA

5 / 50

IT. Intellectual property rights include:

(a) Patents

(b) Trade secrets

c) All of the above

6 / 50

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

(a) Composite demand

(b) Derived demand

7 / 50

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

(a) Bill of Lading

(b) Letter of Credit

8 / 50

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

(a) Spain

(b) Greece

c) None of the above

9 / 50

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

(a) Berth

(b) Dock

c) Yard

10 / 50

IT. PESTLE is an acronym for what?

(a) Political, environmental, technological, legal, and environmental

b) Political, environmental, shareholding, technological, logistical, and e-marketing

c) Political, environmental, social, technological, legal, and environmental

11 / 50

IT. FMCG means

a) Fast Moving Consumer Goods

(b) Foreign Measures on Consumer Goods

12 / 50

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

(a) Tariffs

(b) Subsidy

13 / 50

IT. Exports create:

(a) Low wage employment

b) High wage employment

14 / 50

IT. ……… and ……… of cargo has the added advantage of synchronizing promotions and long-term inventory decisions for customers

(a) Tracking; tracing

(b) Tracking; servicing

15 / 50

IT. Which of the following term cannot be used for transportation of goods by Road or Air?

(a) FAS

(b) DDP

16 / 50

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

(a) Equal

(b) Different

17 / 50

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

(a) Cash in advance

(b) Irrevocable letter of credit

18 / 50

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

(a) Sapele

b) Calabar

c) Apapa

19 / 50

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

a) Air

b) Rail

c) Ports

20 / 50

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

(a) Seaport

b) Parks

c) Airport

21 / 50

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

(a) Carrying out production in more than one country

(b) Having sales in more than one country

22 / 50

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

(a) 1952

(b) 1956

23 / 50

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

(a) Place

b) Price

24 / 50

IT. According to the theory of comparative advantage, which of the following is not a reason why countries trade?

(a) Costs are higher in one country than in another

(b) Prices are lower in one country than in another

25 / 50

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

(a) Land

b) Labour

26 / 50

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

(a) Only to its customers

(b) To any person provided the letter of the credit is issued by its correspondent bank

27 / 50

IT. Final selection of supplier is based on:

(a) International knowledge and experience of supplier

(b) Supplier’s willingness to devote sufficient time to develop the product

28 / 50

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

(a) The way

(b) The motive power

c) The model

29 / 50

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

(a) Volume of bulk and liquefied cargo

(b) Volume of bulk cargo transiting the port

c) Total tonnage of imported and exported cargo

30 / 50

IT. Incoterms cover:

(a) Trade in intangibles

b) Ownership and transfer rights

c) Rights and obligations of parties to contract of sales

31 / 50

IT. If a letter of credit can be neither cancelled nor modified without the consent of all parties, it is known as………...

(a) Revolving

(b) Irrevocable

32 / 50

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

(a) Commercial invoice

(b) Insurance document

33 / 50

IT. Irrevocable letters of credit:

(a) Can be amended by the seller if the bank agrees

(b) Cannot be amended

34 / 50

IT. Internal trade is otherwise called…………

(a) Foreign Trade

(b) Domestic Trade

35 / 50

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

a) ship agent

b) stevedores

c) freight forwarder

36 / 50

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

(a) Priority right

b) Intellectual property right

37 / 50

IT. The Secretariat of the WTO is headed by the

(a) General Council

(b) Ministerial conference

38 / 50

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

(a) FAS

(b) CIS

39 / 50

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

a) Taafe, Morril and Gould

b) Adams Smith

c) Edward Ullman

40 / 50

IT. OPEC means

(a) Organisation of Petroleum Exporting Countries

(b) Organisation of Pacific Economic Co-operation

41 / 50

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

(a) Domestic firms from engaging in exports

(b) Items that can be exported from the country

42 / 50

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?

(a) Invoice

(b) Seaway bill

c) Bill of lading

43 / 50

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

a) Nigeria Ports Authority

b) Nigerian Shippers Council

c) Nigeria Maritime Transport Agency

44 / 50

IT. ICD stands for

(a) International container depot

(b) Intermodal container depot

c) Inland container depot

45 / 50

IT. SMEs stands for:

(a) Small and Medium Entrepreneurs

(b) Small Management of Enterprise

46 / 50

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

(a) Cash in advance

(b) Consignment but negotiable note

c) Open account

47 / 50

IT. Foreign trade creates among countries ………

(a) Conflicts

(b) Cooperation

48 / 50

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

(a) Spatial integration

B) Spatial accessibility

(c)Spatial interaction

49 / 50

IT. IATA works with ICAO which is an agency of

(a) U N

(b) WHO

50 / 50

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

(a) International chamber of commerce

(b) National chamber of commerce

Your score is

INTERNATIONAL TRADE

REGISTER TO START YOUR EXAMINATION

WISH YOU BEST OF LUCK