1.  The role of a freight forwarder can include all of the following except

• A. pre-shipping counseling
• B. production of the shipping documents
• C. negotiation of payment terms
• D. handling of credit transactions between banks

2. The use of the most-favored-nation (MFN) principle [or normal trade relations (NTR)] is an attempt to attain __________ toward competing suppliers of imports to a country. Hence, the arrangement whereby developed countries permit duty-free entry on some goods coming from developing countries but levy tariffs on the same goods if coming from other developed countries is __________ the MFN [or NTR] principle.

• A. Discrimination; a departure from
• B. Discrimination; an example of
• C. Nondiscrimination; a departure from
• D. Nondiscrimination; an example of

3.  Which is the apex body of various exporters and export promotion organizations in India?

• A. Trade fair authority of India
• B. Export Credit Guarantee Corporation of India
• C. Federation of Indian Exporters Organization
• D. Director General of Commercial Intelligence and statistics

4. The term 'counter-trade' is used to illustrate the situation whereby which of the following economic exchanges occurs between countries?

• A. Direct exchange of goods for other goods instead of cash.
• B. Direct and indirect exchange of goods for other goods instead of cash.
• C.  Contra-purchase.
• D. Indirect exchange of goods for other goods instead of cash

5.  The endorsement of "Allowed to export under claim for excise rebate" on the ARE-1 form is made by the ________

• A. DGFT
• B. First Mate
• C. Deck Sergeant
• D. Range supritendent

Answer

1 (C)

2 (C)

3 (C)

4 (B)

5 (D)