Tag: nature and scope of foreign trade

Questions Related to nature and scope of foreign trade

Export inspection council aims at quality control and pre-shipment inspection of commodities meant for export.

business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

  1. True

  2. False

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Correct Option: A
Explanation:

Export inspection council aims at inspection of the quality control of the products and preshipment inspection of the commodities that are meant for export.

Reliance on other countries and international organizations for financial support is called ___________.

business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

  1. foreign loan

  2. international borrowing

  3. external debt trap

  4. external assistance

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Correct Option: D

Which of the following is a document of the title to the goods?

business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

  1. Bill of lading

  2. Bill of entry

  3. Certificate of origin

  4. Letter of credit

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Correct Option: A
Explanation:

Bill of Lading is a document which is issued by the transporter of goods to the person to whom goods are transported. 

It acts as an evidence that the goods are being shipped to a specific person.