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Wednesday, 30 September 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 251:
What document is required when a country imposes ad valorem import duties on goods?
  • A A mail transfer
  • B A shipping note
  • C A billb of lading
  • D A consular invoice
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Question 252:
Enter pot trade is said to have taken place when goods are?
  • A Held at the port payment of custom duty
  • B Sold in the ship under special regulation
  • C Imported and then re-export
  • D Kept for further processing before sales
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Question 253:
When a price is quoted at F.O.B. it means that the price?
  • A Excludes loading charges incurred in bringing the goods to port of destinction
  • B Exclude all necessary shipping charges payable for insurrance
  • C Includes all charges payable on shipping a consignment to the port destination
  • D Includes charges payable for for loading goods onto the ship
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Question 254:
The document with which a manufacturing enterprises releases stock <br/>Of raw materials to the factory for product is called?
  • A Stock releases form
  • B Goods received note
  • C Stock issues voucher
  • D Materials release note
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Question 255:
the two main categories under which marine losses fall into are?
  • A Particular loss and average loss
  • B Actual loss and average loss
  • C Total loss and partial loss
  • D Voyage policy loss and time policy loss
View Answer & Explanation