Quiz: international 20-40


international 20-40Online version eeflfkvcd ss by pula ventura 1 21. If we want to know the origin of agricultural products, what method will we use to determine if there has been substantial transformation? a Phase method of the production process. b Method of entirely obtained materials. c Value added method. d Method of change of tariff heading. 2 22. In case of loss or damage in international transportation of merchandise, what is the mode of transportation that compensates with highest value? a air b rail c sea d multimodal 3 23. Harmonized coding System is: a under WCO responsibility b an extension of the TARIC coding system c strictly designed for use with 10 digit full length d managed by EU authorities 4 24. What is the harmonized coding system useful for in international trade? a to settle straight communication between custom agencies worldwide b to prevent criminal activities in international trade c to promote globalization proces d to access lower custom taxes 5 25. Choose the correct option on what is considered insufficient transformation a Accumulation b A change in tariff heading c The packaging and labelling of the product d A 50% value added to non-originating goods 6 26. Choose the correct option on which is one of the basic criteria to determine the origin. a The number of raw materials b The order in the elaboration of the product c Substantial transformtion d The last country that intervened in the transformation is substantial 7 27. Choose the correct option on the tariff heading change method a It consists of setting a minimum value of non-originating goods allowed in the manufacture of the product b It is an infalible method to determine the origin of goods. c It is used when only one country is involved in the production of the product d It is used to determine if the transformation is substantial 8 28. In group F of incoterms, which statment is INCORRECT a Export licenses must be contracted by the buyer b The seller has no obligation to formalize the main transport contract c In the FAS incoterm, the export producers are paid by the seller NO d In FOB, the transfer of risk occurs when the merchandise is made available on the ship of the port of origin. 9 29. What of the following are considered the vital commercial documents required when ordering a shipment in international trade? a Packing list and invoice b Bill of lading and certificate origin c Commercial invoice and inspection certificate d Pro-forma invoice and shipment advise 10 30. The CMR convention establishes various rights and obligations that regulate operators and users of international freights transport. The term SDR stands for Special Drawing Right. Which of the following statements is correct about to this regard? a The SDR has a value of 8.33 EUROS b It is a currency calculated by the ECB (European Central Bank) c It is a measurement unit for the calculation of the compensation value d Vehicles can commit traffic violations when goods are at risk. 11 31. The community customs territory in Europe a Excludes member states of the european union b Matches with the exact number of member countries in the Euro Zone c Matches with the exact number of member countries in the european union d Includes exceptions that are not members of the european union 12 32. Which countries benefit from the generalizen system of preferences when they export products to the EU a Third countries b Countries with which the eu has preferential bilateral agreements c Certain developing countries d The mediterranean countries 13 33. When is FORM-A used? a To export goods from the EU to certain developing countries b To export and import, provided that one of the parties is a developing country and the other an EU. c To export and import to the EU in all cases d In imports of merchandise from certain developing countries to the EU 14 34. In which products will the ATR-1 certificate be used? a In agricultural products originating in Turkey and the ECSC. b On all products originating in turkey c In products originating in Turkey, except for agricultural and ECSC products d To support cooperation and development in emerging economies 15 36. Which of the following is not a non-tariff barrier? a Ad-valorem duty b Subsidies c Quotes d All of the above 16 37. What do we mean when we say “origin of goods”? a The place where the goods were exported b The place from where the goods were exported c The place where the goods were obtained or produced d d. Neither 17 38. The INCOTERMS... a They are of voluntary acceptance between the parties in international contracting b They do not provide more secutiry in international operations c They are of voluntary use in costume procedures. d They are IMF regulations for international trade. 18 39. The concept cumulation with regard to rules of origin refers to: a The degree to which inputs from several preferential trading partners are allowed to jointly count towards satisfying the rules of origin b The adding effect from several custom duties applicable to the same item. c The decrease of aviable value of a particular import item, under quota customs control d The decrease of aviable quantity of a particular import item, under quota customs control. 19 40. Why documents in export trade are of such importance? a For assessment of correct duty for clearance purposes b As supporting mechanism for collecting payment c All of the above d As an evidence of shipment and title of goods

1

21. If we want to know the origin of agricultural products, what method will we use to determine if there has been substantial transformation?

a

Phase method of the production process.

b

Method of entirely obtained materials.

c

Value added method.

d

Method of change of tariff heading.

2

22. In case of loss or damage in international transportation of merchandise, what is the mode of transportation that compensates with highest value?

a

air

b

rail

c

sea

d

multimodal

3

23. Harmonized coding System is:

a

under WCO responsibility

b

an extension of the TARIC coding system

c

strictly designed for use with 10 digit full length

d

managed by EU authorities

4

24. What is the harmonized coding system useful for in international trade?

a

to settle straight communication between custom agencies worldwide

b

to prevent criminal activities in international trade

c

to promote globalization proces

d

to access lower custom taxes

5

25. Choose the correct option on what is considered insufficient transformation

a

Accumulation

b

A change in tariff heading

c

The packaging and labelling of the product

d

A 50% value added to non-originating goods

6

26. Choose the correct option on which is one of the basic criteria to determine the origin.

a

The number of raw materials

b

The order in the elaboration of the product

c

Substantial transformtion

d

The last country that intervened in the transformation is substantial

7

27. Choose the correct option on the tariff heading change method

a

It consists of setting a minimum value of non-originating goods allowed in the manufacture of the product

b

It is an infalible method to determine the origin of goods.

c

It is used when only one country is involved in the production of the product

d

It is used to determine if the transformation is substantial

8

28. In group F of incoterms, which statment is INCORRECT

a

Export licenses must be contracted by the buyer

b

The seller has no obligation to formalize the main transport contract

c

In the FAS incoterm, the export producers are paid by the seller NO

d

In FOB, the transfer of risk occurs when the merchandise is made available on the ship of the port of origin.

9

29. What of the following are considered the vital commercial documents required when ordering a shipment in international trade?

a

Packing list and invoice

b

Bill of lading and certificate origin

c

Commercial invoice and inspection certificate

d

Pro-forma invoice and shipment advise

10

30. The CMR convention establishes various rights and obligations that regulate operators and users of international freights transport. The term SDR stands for Special Drawing Right. Which of the following statements is correct about to this regard?

a

The SDR has a value of 8.33 EUROS

b

It is a currency calculated by the ECB (European Central Bank)

c

It is a measurement unit for the calculation of the compensation value

d

Vehicles can commit traffic violations when goods are at risk.

11

31. The community customs territory in Europe

a

Excludes member states of the european union

b

Matches with the exact number of member countries in the Euro Zone

c

Matches with the exact number of member countries in the european union

d

Includes exceptions that are not members of the european union

12

32. Which countries benefit from the generalizen system of preferences when they export products to the EU

a

Third countries

b

Countries with which the eu has preferential bilateral agreements

c

Certain developing countries

d

The mediterranean countries

13

33. When is FORM-A used?

a

To export goods from the EU to certain developing countries

b

To export and import, provided that one of the parties is a developing country and the other an EU.

c

To export and import to the EU in all cases

d

In imports of merchandise from certain developing countries to the EU

14

34. In which products will the ATR-1 certificate be used?

a

In agricultural products originating in Turkey and the ECSC.

b

On all products originating in turkey

c

In products originating in Turkey, except for agricultural and ECSC products

d

To support cooperation and development in emerging economies

15

36. Which of the following is not a non-tariff barrier?

a

Ad-valorem duty

b

Subsidies

c

Quotes

d

All of the above

16

37. What do we mean when we say “origin of goods”?

a

The place where the goods were exported

b

The place from where the goods were exported

c

The place where the goods were obtained or produced

d

d. Neither

17

38. The INCOTERMS...

a

They are of voluntary acceptance between the parties in international contracting

b

They do not provide more secutiry in international operations

c

They are of voluntary use in costume procedures.

d

They are IMF regulations for international trade.

18

39. The concept cumulation with regard to rules of origin refers to:

a

The degree to which inputs from several preferential trading partners are allowed to jointly count towards satisfying the rules of origin

b

The adding effect from several custom duties applicable to the same item.

c

The decrease of aviable value of a particular import item, under quota customs control

d

The decrease of aviable quantity of a particular import item, under quota customs control.

19

40. Why documents in export trade are of such importance?

a

For assessment of correct duty for clearance purposes

b

As supporting mechanism for collecting payment

c

All of the above

d

As an evidence of shipment and title of goods

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international 20-40

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international 20-40Online version

by pula ventura

21. If we want to know the origin of agricultural products, what method will we use to determine if there has been substantial transformation?

22. In case of loss or damage in international transportation of merchandise, what is the mode of transportation that compensates with highest value?

23. Harmonized coding System is:

24. What is the harmonized coding system useful for in international trade?

25. Choose the correct option on what is considered insufficient transformation

26. Choose the correct option on which is one of the basic criteria to determine the origin.

27. Choose the correct option on the tariff heading change method

28. In group F of incoterms, which statment is INCORRECT

29. What of the following are considered the vital commercial documents required when ordering a shipment in international trade?

30. The CMR convention establishes various rights and obligations that regulate operators and users of international freights transport. The term SDR stands for Special Drawing Right. Which of the following statements is correct about to this regard?

31. The community customs territory in Europe

32. Which countries benefit from the generalizen system of preferences when they export products to the EU

33. When is FORM-A used?

34. In which products will the ATR-1 certificate be used?

36. Which of the following is not a non-tariff barrier?

37. What do we mean when we say “origin of goods”?

38. The INCOTERMS...

39. The concept cumulation with regard to rules of origin refers to:

40. Why documents in export trade are of such importance?

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