Practice Test | Kullabs.com
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  • The trade which is carried on between two or more countries is called ______.

    home trade
    foreign trade
    domestic trade
    internal trade
  • The purchase of goods from a foreign country is called ______.

    begging
    shopping
    exporting
    importing
  • The sale of goods to a foreign country is called ______.

    importing
    helping
    exporting
    donating
  • The foreign trade exists because all types of goods necessary for human beings cannot be produced by a single country due to the lack of ______.

    skilled manpower
    all the options are correct
    capital
    raw materials
  • In foreign trade, the exporter generally dispatches the goods to the importer through the ship with the help of a special document known as ______.

    a confirmation letter
    a bill of lading
    an invoice
    a letter of credit
  • The bill of lading contains the full description of the ______.

    the name of the place where the goods are to be carried
    type
    quantity and condition of the goods placed on board the ship
    all the options are correct
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