ILSM - MCQs International Logistics PDF

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International Logistics - Multiple Questions & answers for Management...

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INTERNATIONAL LOGISTICS & SHIPPING MANAGEMENT - MCQS UNIT I 1. ……………….includes design and administration of systems to control the flow of materials, WIP and finished inventory to support business unit strategy. a. Logistics Management b. Materials Management c. Bill of Materials d. None of the above Answer: a 2. Which is not a part of basic systems of codifications? a. Alphabetical System b. Numerical System c. Colour Coding System d. None of the above Answer: d 3. ……………and physical distribution are the two major operations of logistics. a. Supply Chain Management b. Materials Management c. Logistics Management d. None of the above Answer: b 4. …………is the time that elapses between issuing replenishment order and receiving the material in stores. a. Replenishment time b. Lead time c. Idle time d. None of the above Answer: b 5. ……………is the task of buying goods of right quality, in the right quantities, at the right time and at the right price. a. Supplying b. Purchasing c. Scrutinizing d. None of the above Answer: b 6. Which of the following is not a component of 4PL? a. Control Room (Intelligence) b. Resource Providers c. Information d. Recycling Answer: d 7. Which of the following is not a part of Supply chain Management system? a. Supplier b. Manufacturer c. Information Flow d. Competitor Answer: d

8. ……………………..is the provision of service to customers before, during and after a purchase. a. Customer Service b. Product Management c. Purchase management d. None of the above Answer: a 9. Buying according to the requirements is called ………… a. Seasonal Buying b. Hand to mouth buying c. Scheduled Buying d. Tender Buying Answer: b 10.The purpose of supply chain management is……………. a. Provide customer satisfaction b. Improve quality of a product c. Integrating supply and demand management d. Increase production Answer: a 11. Logistics is the part of supply chain involved with the forward and reverse flow of a. Goods b. Services c. Cash d. All of the above Answer: d 12. VMI stands for a. Vendor material inventory b. Vendor managed inventory c. Variable material inventory d. Valuable material inventory Answer: b 13. The major decision areas in supply chain management are a. Planning, production ,distribution, inventory b. Location, production, scheduling, inventory c. Location, production, inventory d. Location, production, distribution, marketing Answer: a 14. Distribution requirements planning is a system for a. Inventory management b. Distribution planning c. Both ‘a’ and ‘b’ d. None of the above Answer: c 15. Reverse logistics is required because a. Goods are defective b. Goods are unsold

c. The customer simply change their minds d. All of the above Answer: d 16. PL stands for a. Three points logistics b. Third party logistics c. Three points location d. None of the above Answer: b 17. What are the elements of logistics system ? a. Transportation b. Warehousing c. Inventory management d. All of the above Answer: d 18. Logistics system are made up of 2 main activities. a. Order processing b. Inventory management c. Both ‘a’ and ‘b’ d. None of these Answer: c 19. E-logistics features: a. Every modification is logged b. Advanced search capabilities c. Both ‘a’ and ‘b’ d. None of these above Answer: c 20. Which of the following is not a component of 4 PL? a. Control room b. Resource providers c. Information d. Recycling Answer: b 21. DRP stands for a. Distribution requirement planning b. Dividend requirement planning c. Distribution resource planning d. Distribution reverse planning Answer: a 22. Which of the following is true for supply chain management? a. The physical material moves in the direction of the end of chain b. Flow of cash backwards through the chain c. Exchange of information moves in both the direction d. All of the above Answer: d 23. The sequence of a typical manufacturing supply chain is a. Storage–Supplier–manufacturing–storage–distributor–retailer–customer

b. Supplier–Storage-manufacturing–storage–distributor–retailer–customer c. Supplier–Storage-manufacturing– distributor–storage–retailer–customer d. Supplier–Storage-manufacturing–storage– retailer–distributor–customer Answer: b 24. Due to small change in customer demands, inventory oscillations become progressively larger looking through the supply chain. This is known as a. Bullwhip effect b. Net chain analysis c. Reverse logistics d. Reverse supply chain Answer: a 25. Which one of the following is the best explanation of international logistics? a. The moving of raw materials from their foreign sources company facilities. b. Managing the information regarding the flow of resources in the company's supply chain. c. Managing the flow of products from the company's foreign warehouse facilities to the company's customers around the world. d. The management of resources in a company's supply chain across at least one international border. Answer: c UNIT II 1. Which of the following documents are not required for obtaining an export license? a. b. c. d.

IEC number Letter of credit Registration cum membership certificate Bank account number

Answer: b 2. Which of the following documents is not required in connection with an import transaction? a. b. c. d.

Bill of lading Shipping bill Certificate of origin Shipment advice

Answer: c 3. Which of the following do not form part of duty drawback scheme? a. b. c. d.

Refund of Refund of Refund of Refund of

excise duties customs duties export duties income dock charges at the port of shipment

Answer: d 4.

Which one of the following is not a document related to fulfill the customs formalities

a. Shipping bill b. Export license c. Letter of insurance

d. Proforma invoice

Answer: d 5. Which one of the following is not a part of export documents? a. b. c. d.

Commercial invoice Certificate of origin Bill of entry Mate’s receipt

Answer: c 6. A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as a. b. c. d.

Shipping receipt Mate receipt Cargo receipt Charter receipt

Answer: b 7. Which of the following document is prepared by the exporter and includes details of the cargo in terms of the shipper’s name, the number of packages, the shipping bill, port of destination, name of the vehicle carrying the cargo?

a. b. c. d.

Shipping bill Packaging list Mate’s receipt Bill of exchange

Answer: d 8.

The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is

a. b. c. d.

Letter of hypothecation Letter of credit Bill of lading Bill of exchange

Answer: b 9.

Which of the following does not belong to the World Bank group?

a. b. c. d.

IBRD IDA MIGA IMF

Answer: d 10.TRIP is one of the WTO agreements that deal with a. b. c. d.

Trade in agriculture Trade in services Trade related investment measures None of these

Answer: d 11. The warehousing function that combines the logistical flow of several small shipments to a. Break bulk function. b. Operational function. c. Stockpiling function.

d. Consolidation function.

Answer: d 12. The transportation model coordinated between railways and roadways is a. b. c. d.

Tranship. Air truck. Piggyback. Fishy back.

Answer: d 13.The transportation system that is an outcome of the combination of air and roadways is a. Tranship. b. Air truck. c. Piggy back. d. Fishy back.

Answer: b Booking of shipping space in advance is helpful to an exporter in 14. a. b. c. d.

Saving in freight charges. Availing bank finance. Getting priority on inland movement of cargo by all. None of the above.

Answer: c 15.Packaging performs two functions. ___________ and logistics. a. b. c. d.

Distribution. Store keeping Material handling. Marketing.

Answer: d 16.The following transport document is acceptable under a letter of credit a. b. c. d.

House airway bill. House bill of lading. Warehouse receipt. Tramp bill of lading.

Answer: a 17.How many major ports are there in India? a. b. c. d.

10 12 13 15

Answer: c 18. The term used for loading or unloading of heavy cargo is a. b. c. d.

Rigging. Slinging Carnage. Forced discharge.

Answer: c 19. Pre-shipment credit is available from Exim bank is available for a. b. c. d.

Period up to 180 days. Period beyond 180 days. Turnkey projects only. Foreign currency component only.

Answer: b 20.Extension period of credit for export a. 180 days b. 220 days c. 90days

d. 270days

Answer: c 21. Which of the following is not a common feature of direct lending by Exim bank? a. They are for medium or long term. b. The size of the loan is high. c. Security is not insisted upon. d. Interest rates are relatively large.

Answer: c 22. Pre-shipment advances granted in excess of FOB value of contract against duty drawback can be covered under a. Packing credit guarantee b. Whole turnover packing credit guarantee. c. Export production finance guarantee. d. Export finance guarantee.

Answer: c 23. Pre-shipment advances against export incentives can be covered under a. Post-shipment export credit guarantee b. Whole turnover post-shipment credit guarantee c. Export production finance guarantee. d. Export finance guarantee.

Answer: d 24.The risk to a bank in confirming a letter of credit is covered by ECGC under a. Export performance guarantee b. Transfer guarantee. c. Export finance guarantee. d. Import and export finance guarantee.

Answer: b 25.How many percentage of contract value the exporter can receive as an advance a. 25% b. 50% c. 15% d. 35%

Answer: c 26. A confirmed letter of credit is one a. Confirmed by bank in the exporters country b. Confirmed by the importers to be correct c. confirmed by the exporter that he agrees to the conditions d. confirmed to be authentic

Answer: c...