09/05/2019 Click Here - Chapter Quiz's - An introduction to Retail Trade

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Started on Wednesday, 8 May 2019, 10:18 PM

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Completed on Wednesday, 8 May 2019, 10:20 PM
Time taken 1 min 24 secs
Grade 11.00 out of 11.00 (100%)

Question 1
Commercial document includes….
Correct

Mark 1.00 out of

1.00
Select one:
a. Obligation of buyers and sellers

b. Sellers Contract

c. Commercial Invoice

d. Promissory Note                                                               

e. a, b & c 

Question 2 CIF stands for

Correct

Mark 1.00 out of Select one:

1.00
a. Customer Information File

b. Cost Insurance and Freight 

c. Cost of International Forex

d. None of the above                                                                

Question 3 ICC releases the incoterms which is useful in quoting rules and guidelines related to…
Correct

Mark 1.00 out of Select one:

1.00
a. Carriage forms

b. Costs

c. Risks 

d. Profits

Question 4
Promissory Note and Bill of Exchange are ….
Correct

Mark 1.00 out of

1.00
Select one:
a. Commercial Documents

b. Financial Documents 

c. Sales Contract

d. All the above.       

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09/05/2019 Click Here - Chapter Quiz's - An introduction to Retail Trade

Question 5
A Bill of Exchange is issued by the Payer to the Payee
Correct

Mark 1.00 out of

1.00
Select one:
a. True

b. False 

Question 6
Types of Bills of Exchange are…..
Correct

Mark 1.00 out of

1.00
Select one:
a. Bills Exchangeable at par

b. Local

c. Sight

d. Usance 

Question 7
Purpose of transport document is to check…..
Correct

Mark 1.00 out of

1.00
Select one:
a. Mode of transport 

b. Purpose of transport

c. Cost of transport

d. Insurance amount involved                                         

Question 8
Inspection document covers which of the below purpose?
Correct

Mark 1.00 out of

1.00
Select one:
a. Time of delivery

b. Insurance coverage

c. Transportation cost

d. Quality of goods                                                                 

Question 9
What is a Consular Invoice?
Correct

Mark 1.00 out of

1.00
Select one:
a. A self evident term of nature of goods shipped

b. Certificate of origination duly signed by the receiver

c. List providing material details of the goods sent

d. Certificate filled by the exporter with description of goods shipped   

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Question 10 Who declares the International Commercial terms?

Correct

Mark 1.00 out of Select one:

1.00
a. RBI

b. International Chambers of Commerce 

c. International Council Chambers

d. DICGC

Question 11
As per incoterms, the cost of insurance and risk associated for goods in transit is borne by buyer under CFR.
Correct

Mark 1.00 out of

1.00
Select one:
a. True 

b. False

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