2/5/24, 12:30 PM INTERNATIONAL BUSINESS | Quizizz

Name

INTERNATIONAL BUSINESS
Class
Total questions: 20
Worksheet time: 10mins
Date
Instructor name: Gaganjot

1. Business transactions taking place within the geographical boundaries of a nation is known as --------
-----------------.

Ans.

2. Manufacturing and trade beyond the boundaries if one’s own country is known as ----------------.

Ans.

3. Goods that are tangible are called ---------------------.(merchandise)

Ans.

4. Giving permission to produce and sell goods in another country under a specific trademark is known
as -------------------.

Ans.

5. The certificate which specifies the country in which the goods are being produced is known as
______________.

Ans.

6. The most appropriate and secure method of payment adopted to settle international transactions
is_____________.

Ans.

7. The Trade which refers to purchase of goods from a foreign country is called___________________
.

Ans.

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8. Importers appoint_______________________who are well versed with the formalities of

customs clearance.

Ans.

9. Mate’s receipt is given by the ___________officer of the ship.

Ans.

10. General agreement for Tariffs & Trade was transformed into ______________ on January 1,

1995. Ans.

11. “Rajiv an exporter sent complete information about the quality ,grade, size, weight, type of
packing about the product on his enquiry” .Such an above quotation prepared is known as -

a) (d) enquiry performa b) (a) performa invoice

c) (b) intent d) (c) letter of information

12. A particular number that an export firm needs to have is known as -

a) (a) IEC Number b) (d) IFC Code

c) (c) IIC Number d) (b) IFC Number

13. "The goods were not loaded on the ship as they did not get the custom clearance due to lack of
one of the main document."Identify the document which was required among the following:-

a) (d) Bill of exchange b) (b) Custom bill

c) (a) Bill of clearance d) (c) Shipping bill

14. Identify the first step in the export procedure-

a) (b) export licence b) (c) intent

c) (a) Receipt of enquiry d) (d) production of goods

15. Performa Invoice is issued by the-

a) (d) Exporter to the shipping company b) (c) Importer to exporter

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c) (a) Shipping company of importer d) (b) Exporter to importer

16. Which of the following documents is not required in connection with an import transaction?

a) (c) Certificate of origin. b) (d) Shipment advice.

c) (a) Bill of lading. d) (b) Shipping bill.

17. Which of the following is not the objectives of import trade?

a) (b) To improve the standard of living. b) (d) To earn foreign exchange.

c) (a) To meet consumer demand. d) (c) To speed up industrialisation.

18. Which of the following indicates the right procedure of import trade?

a) (a) Procurement of import license, Placing b) (c) Arrival of goods, Retirement of import
order or indent, Trade Enquiry, Customs documents, Obtaining foreign exchange,
clearance and release of goods. Obtaining letter of credit.

c) (b) Trade enquiry, Procurement of import d) (d) Receipt of shipment advice, Trade
license, Obtaining letter of credit, arrival of enquiry, Arranging for finance, Customs goods.
clearance and release of goods.

19. Which of the following was formed for looking after the promotion of free and fair trade among
nations?

a) b. World Bank b) a. International Monetary Fund

c) d. General Agreement for Tariffs and Trade d) c. World Trade Organisation

20. Which of the following is not a document related to export transaction?

a) a. Shipping Bill b) d. Bill of Entry

c) c. Mate’s Receipt d) b. Airway Bill

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