PU COM 2026 Foreign Trade Free Quiz 1

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PU COM 2026 Foreign Trade Free Quiz 1

PU COM Quiz

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Remaining: 10

Navigator 10 Q

General

General 10 MCQs

1. What is foreign trade?

A. Exchange of goods between countries B. Home trade C. Wholesale trade D. Retail trade

2. What does export procedure include?

A. Import procedure B. Export procedure C. Wholesale trade D. Retail trade

3. What does import procedure include?

A. Export procedure B. Wholesale trade C. Import procedure D. Retail trade

4. What document guarantees payment in international trade?

A. Bill of exchange B. Promissory note C. Cheque D. Letter of credit

5. What is the record of all economic transactions between countries?

A. Balance of payments B. Balance of trade C. Trade surplus D. Trade deficit

6. What organization regulates trade between nations?

A. IMF B. WTO C. World Bank D. UN

7. What are trade barriers?

A. Tariffs only B. Quotas only C. Tariffs and quotas D. Subsidies only

8. What is a tax on imported goods?

A. Quota B. Subsidy C. Embargo D. Tariff

9. What is a limit on the quantity of imported goods?

A. Quota B. Tariff C. Subsidy D. Embargo

10. What is the absence of trade barriers called?

A. Protectionism B. Free trade C. Isolationism D. Autarky

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