S3 chpt 2 International Trade (test)

Xie Xiao Mei is responsible for the duty of international trade in a company. Which of the following

items should Miss Xie manage?

I Foreign exchange rates

II Customs clearance procedures

III Product design and development

IV FOB and CIF

• A I, II, III

• B I, II, IV

• C III, IV

• D II , III, IV

Which of the following is the purpose of commercial invoice in the international trade?

• A As a proof for insurance company recording the bill

• B As an evidence for exporter receiving the goods

• C As a document for the customs department collecting import duties

• D As a reference for importer providing certificate of origin

What document can be used as a document of title in international trade?

• A Bill of lading

• B Bill of exchange

• C Certificate of origin

• D Documentary credit

Which of the following has a negative impact to exporters in Malaysia?

• A Country W exports goods to Malaysia

• B Country X grants preferential tariff to Malaysia

• C Country V imposes import duties on products from Country Y

• D Country Z sets import quota on products from Malaysia

Saudi Arabia exports petroleum to Japan. Australia exports apples to Malaysia.

Which aspect of international trade is important for this?

• A to increase the purchasing power of people

• B to improve quality of product

• C to fully use the resources

• D to lower the price of product

Which of the following factors will bring rapid growth to international trade?

I Lower corporate tax rate

II Reduce non-tariff barriers

III Implement rules on foreign exchange control

IV Improve the efficiency of communication and

transportation

• A I, II, III

• B I, II, IV

• C I, III, IV

• D II, III, IV

Based on the following information, please list the transaction procedures of international trade:

1. importer applies a letter of credit

2. exporter requests a negotiation from bank

3. importer and exporter sign a sale contract

4. importer entrusts a forwarding and clearing agent

for delivery

• A 1,3,2,4

• B 2,4,1,3

• C 3,1,2,4

• D 3,2,1,4