(1)When one country provides most favoured nation status for another it agrees to:

(a)Charge the nation's product a lower tariff than any other nation that are members of the WTO.

(b)Charge the nation's product a tariff no higher than that on any other nation that is a member of the WTO.

(c)Charge the nation's product a tariff no higher than that on any other nation that is not a member of the WTO.

(d)Charge the nation's product a tariff higher than any other nation that is not a member of the WTO.

(e)Charge the nation's product a tariff no higher than that on any other nation that is not a member of the WTO

(2)Article 1 (3) of the convention on the international sale of goods stipulate that ......... is an irrelevant factor for the application of the convention.

(a)Contracting parties' places of business

(b)Nature of the goods that is under contract

(c)Nationality of the parties to the contract

(d)Type of contract entered into between the parties of the contract

(e)C and a above

(3) Dispute over interpretation of the CISG are to be resolved by applying the general principles of the CISG or where there are no such principles, but the matters are governed by the CISG by applying the rules of:

A. International contract law.

B. The Sale of Good Act of the exporter's country.

C. The Sale of Goods Act of the importer's country.

D. Private international law.

E. The combined use of private and public international law.

(4) In CIF contracts, the risk passes:

A. When property is received by the importer at the designated port and on the designated date.

B. On shipment of the goods by the exporter from the designated port agreed to by both exporter and imported.

C. When the documents are tendered to the importer through the importer's bank.

D. When the carrier passes the good on to the carrier that finally transport the good to the importer's port of destination.

E. When the goods are all cleared through the prescribed customs process and leaves the premises of the port.

(5) Documentary drafts require various shipping documents such as ____.

A.bills of lading

B.insurance certificates

C.commercial invoices

D.A and B

E.A, B, and C