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INTERNATIONAL TRADE EXERCISES-2
发布人:admin 时间:2019-5-4 已被浏览 22

 

1.     Foreign trade refers to import and export of  _______ and  _______ and the international trade in  _______ . (goods, technologies, services)

2.     International trade is likely to be affected by  _______,  _______, and  _______.(the foreign fade policy, trade measures and foreign exchange control of the countries concerned)

3.     Which of the following statements is(are) the characteristic of international trade in goods?(ABC)

A.     The application of laws for the protection of international trade is complicated

B.     The quantities and sums of the international trade are large and long time is needed

C.    It is more risky disturbed by international situation, the change of market conditions

4.  Sometimes an importer may  import some products and then, without any processing of the imported products export them again. This trade business is termed as  _______. (Reexport)

5.   _______ is an important index to show by means of currency of a country the total value of trade in a given period, thus revealing the status of foreign trade in the said country. (Value of foreign trade)

6.   _______ reflects by means of constant price the development of foreign trade without consideration of inflation.(Quantum of foreign trade)

7. Which of the following phrases is(are) of the same meaning of favorable trade balance? (ABC)

A.     active trade balance

B.     export surplus

C.    simply trade surplus

D.    import surplus

8.  From the direction of commodity movement, international trade may be divided into   _______(ABC)

A.     export trade

B.     import trade

C.    transit trade

D.    entrepot trade

9. Depending on whether the real goods are trade, the international trade may be divided into  _______(AB)

A.     visible trade and invisible trade

B.     tangible trade and intangible trade

C.    direct trade and indirect trade

D.    import trade and export trade

10. From the point of view of trade relation, the international trade may be divided into _________.(A)

A. direct trade, indirect trade and entrepot trade     

B. direct trade, indirect trade and transit trade   

C. export trade, import trade and tangible trade     

D. export trade, import trade and entrepot trade

11.  _______ emphasizes the necessity of the passage of goods through a third country for the purpose of transporting them from the manufacturing countries to consuming country. (transit trade)

12.  If the trade concluded directly between two countries, it is called  _______.(direct trade)

13. Which of the following belong(s) to indirect trade?(ABC)

A.    transit trade

B.     entrepot trade

C.     reexport

 

CHAPTER TWO

1.       _______ of an international sales contract means the commodity circulating in international trade. (The subject matter)

2.      According to the UN Convention on International Sale of Goods, the goods the seller delivers must be up to the standard required in the contract. If the seller fails to deliver the goods as required by the contract, the buyer is entitled to  _______,  _______, and  _______, or  _______, or sometimes even  _______.(claim damages, repairs, substitutes, reject goods, cancel the said contract)

3.      Which of the following kinds of samples are sent by the seller to the buyer?(ABCDE)

A.    representative samples

B.     original samples

C.     type samples

D.    return samples

E.     counter samples

4. Sometimes, the buyer may send a sample to the seller and the seller will manufacture according to buyer’s sample. It is called  sales by _______’s sample.(buyer)However, if the seller find it hard to manufacture according to the sample, he may send a  _______ (return/ counter ) sample of similar quality to the buyer for his acceptance. And thus it is called a sale by  _______’s sample.(seller)

5.  _______ refers to certain main indicators which indicate the quality of the goods, such as composition, content, purity, size, length, etc.(The specification of the goods)

6. Which of the following is(are)apt to sell by description or illustration? (ABC)

A.    complex machines

B.     electric equipment

C.     electric instruments

7. When it comes to the quality of jewelry, paintings, arts, ______ usually is applied.(D)

A. sales by samples                                 B. sales by grade    

C. sales by name of origin or by geographical indication    D. sales as seen

8. which of the following commodities is most likely to be sold by specification? (A)

A.     Soybean

B.     Diamonds

C.    Toy

D.    Hongxin Television

9. Which of the following commodities is(are) likely to be sold by name of origin?(ABD)

A.     Sichuan Pickles

B.     West-lake Longjing Tea

C.    Sainsburys coffer

D.    Chinese Northeast Rice

10. Usually, it allows for quality differences within some flexible ranges, which may be stipulated as_______.(ABC)

A.     a given range

B.     a limit

C.    a more or less clause.

11. In international trade, calculation of quantity is often made by ______;by ______;by ______;by ______;by ______ and by ______.(by weight;by capacity; by numbers; by length;by area and by volume)

12. There are four metrologies commonly used in international trade: ______ system, the ______ System, the ______System and the ______System of Units(metric, British, US, International)

13. There are four metrologies commonly used in international trade. Which of them does China adopt?(D)

A.     the metric system.

B.     the British System.

C.    the US System.

D.    the International System of Units.

14. Which of the following is /are used in British System?(ABCD)

A.     the  yard

B.     the pound

C.    the gallon

D.    the long ton

15. Which of the following is/are used in the International System of Units?(ABCD)

A.     meter

B.     kilogram

C.    second

D.    metric ton

15. Which of the following formula is correct?(ABCD)

A.     Gross weight-tare=net weight

B.     Theoretical weight=the weight of each unittotal number

C.    net weight +inner packing=legal weight

D.    Conditioned weight=dry weight+standard moisture content

16. While calculating unsteady moisture content such as ______, ______, and ______, ______Weight is usually used.(wool, cotton, raw silk, Conditioned)

17. While calculating commodities with regular specifications and regular size, which of the following measurement of weight is best applicable? (C)

A. Net weight

B. Conditioned weight

C. Theoretical weight

D. Legal weight

18. Which of the following do not  influence the nature of packing?(ABCDE)

A.     nature of the transit

B.     nature of cargo

C.    compliance with customs or statutory requirements

D.    variation in temperature during the course of the transit

E.     insurance acceptance conditions

19. Which of the following types of packing gives complete protection and lessens risk of pilferage plus an aid to handling?(A)

A.     Cases

B.     Drums

C.    Bags

D.    bundles

E.     crates

20. Which of the following types of packing are used for conveyance of liquid or greasy and powdered or granular goods?(B)

A.     Cases

B.     Drums

C.    Bags

D.    bundles

E.     crates

21. Which of the following types of packing are subject to damage by water, sweat, leakage or breakage?(C)

A.     Cases

B.     Drums

C.    Paper bags

D.    bundles

E.     crates

22. Which of the following commodities can be packed by Bundles or Bales?(AB)

A.     wool and cotton

B.     feather and greige silk

C.    liquid

D.    fruits

23. Which of the following commodities cannot be packed by Crates or Skeleton Cases?(D)

A.     refrigerators

B.     bicycles

C.    apples

D.    piece goods

24. Which of the following is not the functions of packaging?(E)

A.     To protect the product

B.     To maintain its functional form

C.    To offer the convenience that consumers often look for

D.    To promote the product

E.     Compliance with customs or statutory requirements

25. A ______ is composed of a geometric figure, a simple identity code or initials. (shipping mark)

26. The following are four types of information included in shipping marks: (A, C, B, D)

A.     The initial letters or abbreviation of a consignee or buyer;

B.     The reference number

C.    The destination

D.    The package number

 Examine the following shipping mark, put down A, B, C, D (stands for the types of information included in shipping marks) in the correspondent blanket:

 

(     )

 

ABCCO

                 

 

 

(    )

 

(    )

(    )

                New York

                SC789

                No.5-25

 

 

27. The following are four types of markings: (A,A,A,B,B,C,C,D)

A.     indicative mark

B.     warning mark

C.    weight/ volume mark

D.    marks of origin

 Examine the following markings, and identify which types they belong to. Put down A, B, C, D(stands for the types of the marking) in the correspondent blanket.

(1) Liquid   (    )  (2) Keep Upright   (    )   (3) This Side Up   (    )   (4) Poison Gas   (    )

(5) Hazardous Article   (    )   (6) Gross Weight   55kgs   (    )   (7) MEASUREMENT  505060cm (    )   (8) Made in China   (    ) 

28. Which of the following statement of Product Code is true? (C)

A.     UPC is mainly used in South American and EAN is mainly used in European countries.

B.     There are now four versions of UPC and one versions of EAN.

C.    UPC and EAN is both accepted in China

D.    China joined IANA which allocated numbers 490, 491and 492

29. The reason for using trade terms, is that ____________________________________

_______(it is difficult to stipulate in detail for both parties obligations under contract.)Trade terms refer to the ________ of responsibilities between parties to a contract, by using _________ of English letters, between a ________ and a ________ in a sale including ________ ; ________ such as shipping, insurance and customs; the arrangement of the ________ of these activities; the determination of the transfer of ________ to goods. (division, abbreviation, buyer, seller, selling prices, payment of costs, performance, title)

30. When the stipulations in a contract are in conformity with the law but go against trade terms, which should follow?  The stipulation in a contract or trade terms? (The stipulation in a contract)

31. Which of the following trade terms is/ are defined by Warsaw-Oxford Rules, 1932? (A)

A.     CIF

B.     FOB

C.    CFR

D.    Ex

32. Which of the following trade terms is/ are defined by Revised American Foreign Trade Definitions, 1941?(BCD)

A.     Ex Works

B.     FOB

C.    FAS

D.    CIF

33. Which of the following statements is TRUE? (A)

A.     The parties of the contract can choose either INCOTERMS 2000 or INCOTERMS 2010.

B.     INCOTERMS 2000 has been abolished since INCOTERMS 2010 has come into effect.

C.    The first INCOTERMS were published in 1941.

D.    There are five groups of trade terms: The Group E, F, G, C, and D

34. Fill in the blanks in the following table:

 

 

trade terms

point for division of risk

point for division of cost

 

FOB

at the ship’s rail at the name port of shipment

at the ship’s rail at the name port of shipment

can be used only for sea or inland waterway transport

CIF

same

at the discharging port of arrival (insurance included)

same

CFR

same

at the discharging port of arrival (insurance excluded)

same

 

 

35. Which of the following groups of trade terms is in a correct form(Supposed that China is the export country)? (D)

A.     FOB Shenzhen, FOB Guangzhou, FOB Guangdong

B.     CIF Shenzhen, CIF Canada, CIF Taiwan

C.    CFR, CFR New York, CFR London

D.    FOB Shanghai, CIF Singapore, CFR Honolulu

36. In the following table, the left column are ways of stipulating time of shipment, and the right column specific contract terms. Please the terms from the right column with ways from the left column.(1:a, d, e;    2:c;    3:b, f)

1. within a fixed time period

a. shipment on or before April 4th, 2014

 

b. shipment to be made immediately

2. based on some premise

c. shipment to be made 45 days after receipt of L/C

 

d. shipment to be made at the beginning of July, 2014

3. prompt shipment or immediate shipment

e. shipment to be made no later than May 25, 2014

 

f. shipment to be made asap

 

37. Which of the following statement is TRUE? (B)

A.     In export trade, only one port of shipment can be designated.

B.     The port of shipment shall be close to the origin of the goods.

C.    General clause like China portsshould not be used in contract.

D.    For exporters, when choose a port with no direct liner to stop by, he doesnt need to state it in the credit.

38. Which of the following statement is NOT TRUE? (C)

A.     In partial shipment, goods are only involved in one transaction.

B.     In partial shipment, goods can be shipped in different months.

C.    That goods unloading and reloading from one vessel to another vessel in one transaction is also one kind of partial shipment.

D.    If the exporter fail to deliver the goods within the stipulated time limit in any lot, then this lot and subsequent lots all cease to be effective.

39. Which of the following does not belong to the advantage of sea transport?(D)

A.     carrying large quantities of goods over long distance.

B.     comparatively cheap freight

C.    good adaptability

D.    reducing amount of capital tied u in transit.

40. Which of the following features does not belong to Liner transport? (C)

A.     fixed schedule

B.     fixed charge standard

C.    responsible for loading and unloading charges and the cost of dunnaging materials.

D.    regularity of service

41. The bill of lading are used primarily in international sale of goods when the carriage of goods is______.(by sea) It is normally defined as a ______ for goods shipped on board a ship, signed by the person who contract to ______ them, and stating the ______ on which the goods are ______ and ______ by the ship. (receipt, carry, terms, delivered to, received)

42. Which of the following features belongs to marine bill of lading? (ABC)

A.     A receipt of the goods shipped

B.     A document of title to the goods

C.    Evidence of the terms of contract of affreightment.

43. On board bill of lading is issued after__________________________________(the cargo is actually laded on board).It contain the name of the_____________ and the _____________ of shipment. (carrying vessel, date)

44. Which of the following groups of bill of lading is the most useful bill of lading? (C)

A.     Original B/L, combined transport B/L, clean B/L

B.     Straight B/L, clean B/L,advanced B/L

C.    clean B/L, on board B/L, direct B/L

D.    unclean B/L, shipped B/L, order B/L

 

1.      From the point of view of trade relation, the international trade may be divided into _________.

A. direct trade, indirect trade and entrepot trade     

B. direct trade, indirect trade and transit trade   

C. export trade, import trade and tangible trade     

D. export trade, import trade and entrepot trade

2.      Complex machines, electric equipment and instruments are apt to sell _________?

 A. by sample                  B. by grade     

C. by description and illustration  D. by specification

3.      In measurement of weight, ________ is mainly used in calculating products of high economic value and with unsteady moisture content.

A. gross weight   B. conditioned weight   C. net weight   D. legal weight

4.      Which group of commodity should be measured by conditioned weight?

A. wool, cotton and raw silk         B. coal, oil and steel   

C. computer, calculator and TV set    D. ceramics, live animals and corn

5.      When awkwardly shaped cargoes are conveniently packed, which factor is taken into consideration?

A. nature of cargo               B. insurance acceptance conditions   

C. ease of handling and stowage    D. the size of cargo and its weight

6.      Packaging is of different materials and shapes according to unique characteristics of the products concerned; ______ is usually applied to cans, bottles and boxes so that the commodity can be opened without the help of tools.

A. complete-set type              B. spraying type   

C. zip-top type / ring-pull type      D. gift packaging type

7.      _____ sometimes can be a customers own identity, which is composed of a geometric figure, a simple identity code or initials.

A. Warning mark                     B. Indicative mark    

C. Marks of origin                    D. Shipping mark

8.      Which of the following trade terms represents the minimum obligation for the seller?

A. FOB     B. CIF    C. CFR     D. EXW

9.      Which of the following trade terms is the extension of FOB in terms of the transport mode?

A. FCA    B. CIP    C. CPT     D. DES

10.   In terms of risks, ______.

A. FOB=CIF=CFR      B. FOB>CIF>CFR   

C. FOB=CFR>CIF      D. FOB<CFR<CIF

11.   According to the way in which goods are transported, bill of lading can be classified into ______.

A. shipped B/L and received for shipment B/L    

B. straight B/L, blank B/L and order B/L  

C. clean B/L and unclean B/L    

D. direct B/L, transshipment B/L, through B/L and combined transport B/L

12.   Which of the following payment methods is the most risky for sellers?

A. open account                      B. D/P  

C. payment in advance                 D. L/C

13.   Which of the following doesnt belong to commercial documents?

A. bill of exchange    B. invoice    C. bill of lading    D. documents of title

14.   Which of the following payment methods is the most favorable to exporter?

A. D/P      B. Pay in advance    C. T/T     D. L/C

15.   ______ refers to that the whole consignment insured is totally lost in the course of transit or is so damaged to the extent that it is without its original shape and validity or it can no longer be in the possession of the insured.

A. Constructive total loss      B. Actual total loss   

C. Partial loss               D. General average

16.   In terms of insurance coverage, _______.

A. F.P.A. > W.A. > ALL RISKS     B. F.P.A. < W.A. < ALL RISKS   

C. F.P.A. = W.A. = ALL RISKS     D. ALL RISKS. > F.P.A.> W.A.

17.   All the following risks are under general additional risks except _____.

A. war risks              B. risk of shortage    

C. risk of taint of odor      D. hook damage

18.   Institute Cargo Clauses A is more or less similar to _____.

A. F.P.A.     B. W.A.    C. ALL RISKS     D. Additional risks

19.   _____ is not intended for any individual shipment but an unlimited number of shipments made during a given period, and is of wider scope. Traders maintaining wide business connections and having to effect shipments at frequent intervals always find it more convenient to arrange.

A. Insurance policy        B. Open policy   

C. Insurance certificate     D. Insurance bill

20.   When it comes to the quality of jewelry, paintings, arts, ______ usually is applied.

A. sales by samples                                 B. sales by grade    

C. sales by name of origin or by geographical indication    D. sales as seen

 

 

1-5ACBAC   6-10CDDAA   11-15DAABB   16-20BACBD

 

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