300 CÂU TRẮC NGHIỆM TIẾNG ANH KINH TẾ (có đáp án FULL)

TEST 1
2. Clients look for .............from an arbitration service.
A. speed and cost effectiveness
B. reliability of the arbitrators and their decisions
C. confidentiality
D. all of the above (A, B and C)
5. You can .............a house and .............a car.
A. hire/rent
B. hire/hire
C. rent/rent or hire
9. Transferring money from Britain to another country is called sending
money ...........
A. overseas
B. over-water
C. over-waves
11. .............insurance originated in the fifteenth century.
A. Boat
B. Sea
C. Navy
D. Marine
13. Between which 2 parties is an insurance contract made?
A. Between the insurer and the shipping company
B. Between an insurance company and the shipping company
C. Between the insurer and the party taking out insurance cover
D. Between the assured party and the party taking out insurance cover.
15. In joint venture, two or more companies .............on specific projects
A. collaborate
B. compete
C. practice

D. deal
16. Open cover is not a policy: the .............will write a policy if required.
A. Insurer
B. Importer
C. Exporter
23. .............is open-ended.
A. tailor-made
B. floating
C. open cover
19. In the past, a lot of small banks were .............by larger ones.
A. bought up
B. eaten up
C. chewed up
21. Normally, Risks are transferred at the point of ...........
A. Delivery
B. Payment
C. Arrival
25. Cultural differences are one of the potential .............of international
mergers.
A. threats
B. pitfalls
C. attraction
D. benefits
30. She looked at the .............to check where the goods were produced
A. certificate of origin
B. test certificate
C. postmark
D. trade mark

33. .............is the money paid for the right to use the property of another
person.
A. Compensation payment
B. Royalty payment
C. Property charges
D. Royalty fees
35. One problem in international mergers is the difference in .............and
benefits for managers with similar positions.
A. duties
B. output
C. activity
D. compensation
41. The exporter didn.t receive payment for his goods because the buyer ...........
A. defaulted
B. deferred
C. declines
D. denied
43. Many countries, such as the United Kingdom and New Zealand, are
.............dependent on international trade
A. favorable
B. heavily
C. perfectly
D. grossly
45. Collecting, analyzing and reporting data relevant to a specific market
situation (such as a proposed new product) is ...........
A. market analysis
B. market segmentation
C. marketing
D. market research

46. A monetary system whereby the value of currencies could be converted
into gold at a country.s central bank
A. gold system
B. gold standard
C. gold value
D. gold convertible
50. A bankrupt person's .............can be taken and used to repay his/her debts.
A. things
B. items
C. property
2. All mergers aim to create .............for the two companies. shareholders.
A. added value
B. lower costs
C. economies of scale
D. tax benefits
4. In Britain, it's not usual to discuss your personal ...........
A. money
B. finances
C. money arrangements
5. Why do sellers or buyers insure their cargoes?
A. To protect themselves from loss or damage to their goods
B. To protect themselves from loss only
C. To protect themselves from damage only
D. To protect the third party from loss or damage to their goods
6. Anything that acts as a security or guarantee for a loan
A. Collateral
B. Mortgage
C. Warranty
D. Guarantee

9. A force majeure is an .............event such as strike, riot or natural disaster
which prevents a contract from being ...........
A. unforeseen / fulfilled
B. unseen / fulfilled
C. unforeseen / filled
13. Undertaking to indemnify means ...........
A. Disagree to pay compensation for loss or damage
B. Agree to pay compensation for loss or damage
C. Agree to pay for loss or damage without compensation
D. Agree to pay compensation for the broker
16. Two parties sign a contract.
A. The contract is binding
B. The contract is effective
C. The contract is binding and effective
17. Employing more staff has reduced our .............time in the port
A. turning
B. turn-round
C. turn back
D. turnover
19. The agreed amount of money to give insurance cover is ...........
A. Premium
B. life insurance
C. marine insurance
D. compensation
20. Here's the fifty dollars I ...........
A. owe you
B. pay you back
C. must return

22. Multinational companies usually have .............in different countries.


A. daughter companies
B. subsidiaries
C. factories
D. colleagues
23. The government has imposed protective tariffs to stop the .............of cheap
imports which threatened to destroy domestic industries
A. rain
B. famine
C. flood
D. storm
25. Multinational companies can adapt their management method to
the .............in each country or continent.
A. their culture
B. local conditions
C. local culture
D. local people
26. Insurance companies can be considered as professional .............Takers
A. life
B. risk
C. chance
D. misfortune
28. After dispatching the goods, the exporter .............the documents to his bank.
A. demands
B. collects
C. issues
D. presents
31. A person who receives an international payment is called the ...........

A. getter
B. beneficiary


C. receiver
37. Currency bought or sold today with delivery two business days later
A. Spot transaction
B. Forward transaction
C. business transaction
D. Futures transaction
39. Some manufacturers were accused of ..........., in other words selling goods
abroad at a lower price than they were sold domestically.
A. dumping
B. revaluing
C. flooding
D. devaluation
41. My endowment policy will .............when I.m sixty-five
A. ripen
B. mature
C. flourish
D. break
44. Make sure all this equipment is insured .............accidental damage
A. over
B. against
C. with
D. from
47. Factors that can give a country an absolute or comparative advantage in
goods and services over other countries are ...........
A. factors of production, most importantly raw materials, but also labor pool
B. climate, economies of scale.

C. natural resources and location
D. All of these above


49. The person who goes between the person who wants the insurance and the
person who underwrites it is ...........
A. a shipper
B. a client
C. a broker
D. an insurer
TEST 3
3. The .............form you fill in is the basis of your contract with the insurance
company
A. proposition
B. application
C. enrolment
D. proposal
6. When the total value of a country.s imports is greater than its exports, it is a
trade ...........
A. balance
B. loss
C. debit
D. deficit
7. Some of the language in insurance .............is incomprehensible to most
ordinary people.
A. premiums
B. policies
C. rates
D. invoices
10. In many cases, the insurance company doesn't take the financial ...........

A. problem
B. risk
C. damage


11. An insolvent company often goes into liquidation. A private individual who
cannot pay his/her debts may be declared .............by a court.
A. bankrupt
B. indebted
C. penniless
18. Which market is bigger?
A. Super market is bigger than traditional market
B. Street market is bigger than home market
C. An open air market is bigger than a home market
D. Product market is bigger than consumer market
19. A bill of exchange become payable upon ...........
A. remittance
B. acceptance
C. dispatch
D. maturity
21. .............are raw materials such as agricultural products and metals that are
traded on special exchanges.
A. Goods
B. Raw materials
C. Productivity
D. Commodities
23. What is the most complete cover of insurance?
A. No partial loss is payable
B. Partial loss is payable
C. It only covers total loss

D. Against all risks
25. An evidence that an insurance contract has been made is ...........
A. An insurance certificate
B. A certificate of origin


C. A health certificate
D. A compensation certificate
26. The point of delivery is much the same for all .............terms and
.............terms ¡V when the exporter hands the goods over to the carrier.
A. C and F
B. D and F
C. C and D
29. A life insurance policy pays out .............your death or after a set period,
whichever is first.
A. in case of
B. if
C. in the event of
30. In the UK, mergers and acquisitions are not .............by the government.
A. controlled
B. checked
C. regulated
35. A country with very low taxes is known as a ...........
A. tax heaven
B. tax haven
C. tax paradise
36. The process of making and defending a claim in court is ...........
A. arbitration
B. litigation
C. prevention

D. protection
39. Prices go up every year. This is because of ...........
A. inflation
B. expansion
C. evolution


41. .............are cash grants, lower taxes, accelerated depreciation, training allowance,
research subsidies and interest rebates on loans
A. Investment incentives
B. Labour incentives
C. Bonus
D. Returns on investment
42. The company will .............the police-holder against loss of or damage to the
insured vehicle
A. identify
B. respect
C. indemnify
D. engage
43. Another term for "main business" is .............business.
A. central
B. first
C. core
50. What do we call goods that go from one country to another?
A. exports
B. imports
C. visible exports and imports
D. invisible exports and imports
1. Among a number of international bodies offer arbitration services,
the .............in Paris is the most prestigious.

A. UCP
B. ADR
C. ICC
D. FAO
2. What is the best kind of advertising?
A. TV advertising


B. Word of mouth
C. Printing advertising
D. Radio advertising
5. Multinational companies set up production facilities in countries where
production is most efficient.
A. All countries allow foreign ownership of production facilities.
B. The larger company is called the parent company; the production facilities are
referred to as a subsidiary.
C. Subsidiary companies eliminate the problem of worldwide competition.
D. Each subsidiary needs to consider only local market condition.
8. Steve works for BurgerPlanet. He only earns about ¢G6 ...........
A. for an hour
B. an hour
C. the hour
11. A country can accrue wealth if it exports more than it imports.
A. This country has a balance of trade deficit.
B. Demand for this country¡¦s currency will fall.
C. This country receives money from countries which import its products.
D. All of these above.
14. "Profit before tax" can also be called ...........
A. pre-tax profit
B. without-tax profit

C. non-tax profit
15. Some countries try to be .............in certain commodities so that they are not
dependent on imports.
A. economic
B. sufficient
C. self-sufficient
D. self-financing


16. If alternative means of transport or partial shipments are allowed perhaps
by different modes of transport, the letter of credit should have the
words .............between the names of transport documents.
A. and.
B. or.
C. and/or.
D. Either B or C.
18. The fact that labour cots are lower in other countries .............us at a
tremendous disadvantage
A. makes
B. does
C. puts
D. sells
19. The technical .............for electrical equipment can vary from country to
country
A. justification
B. rules
C. specifications
D. uniforms
20. A certain climate in a particular country may allow that country to grow
agricultural products in abundance

A. This country probably has a comparative advantage in agriculture
B. This country most likely exports farm products
C. This country can grow food efficiently
D. All of the above.
23. Aims of a strategic approach made by multinational companies are ...........
A. to access raw materials and markets
B. to get product efficiency and knowhow
C. to access premises and natural resources
D. A & B


26. A basis for mutually beneficial trade is the fact that one country has a
comparative advantage
A. Both the importing country and the exporting country benefit from trade
B. One¡¦s country comparative advantage can benefit another country
C. The comparative advantage of one country can result in trade between countries
D. All of these above
29. The main difference between arbitration and litigation is that ...........
A. Arbitration takes place in private
B. Litigation takes place in court
C. Arbitration takes place abroad
D. A and B
31. What do we call a small but very profitable market?
A. mass market
B. up market
C. niche market
D. supermarket
34. In these inflationary times it is important to keep the value of your policy
closely .............to the value of your property.
A. adapted

B. linked
C. indicated
D. dependent
35. An insurance broker usually .............several different insurance companies.
A. deals with
B. contacts
C. works for
36. The movement of money into and out of a company is known as ...........
A. annual turnover
B. profit margin


C. cash flow
D. bank charges
46. Weight is important for air transport because if its ...........
A. size
B. high freight rates
C. measurement
D. high quality
TEST 5
1. Factors considered when choosing the modes of transportation are ...........¡K
A. freight, size and premium
B. time, length and weight
C. nature of the goods, size and rates
D. nature of the goods, time and freight rates
2. Simultaneous purchase and sale of the same foreign exchange in different
markets to profit from rate differentials.
A. speculating
B. arbitrating
C. hedging

D. trading
3. The World Bank refused to grant the loan until an environmental .............was
carried out.
A. estimate
B. test
C. assessment
D. report
6. Trying to insure against unfavorable price movements by way of futures
contract
A. speculating
B. arbitrating


C. hedging
D. trading
11. Go to an insurance .............and see if you can get a better deal.
A. breaker
B. broker
C. speculator
D. merchant
14. The advantages of arbitration are ...........
A. Private and foreseeable costs
B. Lengthy and open
C. Binding and rigid
D. Time - consuming
15. Marketing is an important consideration for
A. the consumer
B. the distributer
C. all aspects of production
D. the salesman

16. Title to the goods passes ...........
A. With risks
B. Across the ship¡¦s rail
C. On board
17. The financial risk is taken by .............such as Lloyds of London.
A. underwriters
B. undertakers
C. underpasses
22. What is a transferable credit?
A. It is the kind of credit which allows the exporter to transfer his right as the
credit¡¦s beneficiary to any third party.


B. It is the kind of credit which allows the first beneficiary to request the confirming
bank to pay a third party.
C. It is the kind of negotiable document with which the exporter can endorse for any
third party.
D. It is the kind of credit with which the buyer will not necessarily know who is the
actual supplier of the goods.
28. Is there any requirement that the air waybill shows the date of the flight?
A. No, there isn¡¦t.
B. Yes, there is.
C. Never is there such a requirement.
D. No, it is an incorrect requirement because a correctly completed waybill cannot
show this information.
30. Selling products abroad at prices lower than the cost of production is
known as dumping.
A. Dumping is always against government policy.
B. Dumping is always beneficial to the importing country because buyers pay lower
prices.

C. Exporters dump products on foreign markets to lower domestic employment.
D. Some reasons for dumping could be inventory reduction, maintenance of
domestic employment, and continuation of high production levels.
31. .............is an approach to business that emphasizes persuading customers to
buy products that you already have, rather than producing new ones that
customers may want.
A. Marketing concept
B. Product concept
C. Promotion concept
D. Selling concept
11. A sovereign is a coin made of 7.3 grams of gold, and is worth a lot of money.
However, its .............is just one pound.
A. front value
B. face value


C. written value
16. The arbitrators. awards are ...........
A. Consultative and examinatorial
B. Final and enforceable
C. Referrable and reverable
D. All of the above
17. Governments try to control imports of products to protect domestic
industries
A. Protectionist measures take the form of import duties and quotas
B. Protectionist measures insure free trade
C. Workers are always opposed to protectionism
D. All protectionist policies have the same effect on the market
22. Does the buyer or seller insure the cargo?
A. The seller

B. The buyer
C. Both the buyer and the seller
D. It depends on the terms of the purchase contract
23. The situation in which a country has no foreign trade
A. surplus
B. deficit
C. autarky
D. deficits
29. My insurance company offers a wide .............of cover
A. range
B. branch
C. rank
D. standard
38. A takeover of a foreign company is known as a .............deal.
A. cross-boundary


B. cross-border
C. cross-state
39. Because of the recession, several ships have been laid ...........
A. off
B. out
C. down
D. up
44. Modern marketing aims to satisfy the wants of the consumer. Marketing
personnel should consider first of all
A. how to advertise the product
B. what products the customer desires
C. how to distribute the product
D. engineering problems

46. What is the main difference between arbitration and litigation?
A. Arbitration takes place in private, litigation takes place in court
B. Bias
C. Low costs
D. The process of making decision in court
TEST 7
2. What does marketing involve?
A. deciding what the customer wants
B. finding out what kinds of product customers want
C. designing and producing a product that satisfies these wants at a profit for the
company
D. A and C
5. Beside the commercial invoice, the transport document and insurance
document, what do .Other documents. include?
A. A Certificate of Origin.
B. A Certificate of Inspection.


C. A health Inspection.
D. Any of the above.
6. In oriental cultures, to .............is one of the most embarrassing things that
can happen.
A. lose a job
B. make a mistake
C. lose face
D. receive a favor
8. The contract should regulate what happens if Incoterm 2000 and the terms
of the contract conflict: normally the .............prevails.
A. Incoterm
B. Contract

C. Incoterm and contract
10. The disadvantage of .............policy is that it is set up for particular time and
automatically expires.
A. tailor-made
B. floating
C. open cover
15. Three firms have .............for the contract.
A. tendered
B. offered
C. given prices
17. Investors are looking for a high .............on their investment.
A. earning
B. return
C. growth
D. performance
18. Changes in the values of currencies are called ...........
A. currency fluctuations


B. currency alterations
C. currency changes
26. ĂĐfree of particular averageĂă means ...........
A. No partial loss is payable
B. Partial loss is payable
C. It only covers total loss
D. A & C
33. Banks and insurance companies are types of ...........
A. financial institution
B. finance company
C. financier

34. A company giving insurance cover is known as the ...........
A. insurer
B. insured
C. insurance
41. When two companies merge they always look at ways to .............in order to
be more efficient and profitable.
A. recruit staff
B. cut costs
C. increase advertising
D. reduce salaries
TEST 8
10. In which city would you choose to arbitrate an east-west trading dispute?
A. Hong Kong
B. London
C. Paris
D. Stockholm
11. The insurance will be .............if you omit any relevant information.
A. void


B. valid
C. invaluable
D. priceless
12. To run their foreign subsidiaries, multinationals usually appoint a ...........
A. project manager
B. team leader
C. decision maker
D. country manager
40. Who can change the marketing mix?
A. Marketing manager

B. Sales manager
C. Product manager
D. Managing Director
13. When are documents considered to be stale?
A. When they reach the issuing bank too late.
B. When they are submitted to the opening bank after the merchandise has already
arrived.
C. When they reach the advising bank at the expiration of the letter of credit.
D. When they are refused by the issuing bank.
16. Which of the following is NOT considered to be special requirement in a
sale/purchase contract?
A. Containers are required to be fumigated before shipment.
B. Upgraded packaging materials.
C. Goods must be packed according to export standards.
D. Health inspection for foodstuffs.
21. We can get a government .............to help build a new factory in an area with
high unemployment.
A. grant
B. money


C. payment
22. When you change money, you usually have to pay a ...........
A. commission
B. percentage
C. fee
24. His insurance company had told him not to admit .............even though it was
clearly his fault
A. legality
B. likelihood

C. liability
D. crime
25. By issuing a letter of credit, the bank made .............to pay the exporter for
the goods, provided that the correct documentation was presented.
A. a willingness
B. a readiness
C. a debit advice
D. an undertaking
26. The cost of borrowing money, usually expressed as a percentage of the
amount borrowed
A. Interest rate
B. A collateral
C. mortgage
D. Inflation rate
30. You.re allowed 30 days. .............for the payment of the renewal premium.
A. grace
B. favour
C. way
D. permission
32. In order to improve their services to customers, banks need to become
more ...........


A. Customer oriented
B. profitable
C. competitive
D. efficient
44. Unlike quotas, tariffs produce .............for the government
A. profit
B. surplus

C. revenue
D. earnings
49. Why is the Certificate of Origin required?
A. Because the goods imported are under a preferential tariff or other agreement.
B. Because the exporter has to prove that his exported goods are legal.
C. Because the exporter has to show his proof of paying tax to the customs in the
buyer¡¦s country.
D. Because it is one of the key requirements under the letter of credit¡¦s terms.
TEST 9
8. Companies that handle all aspects of their business internally, such as the
big oil companies, are known as .............companies.
A. multinational
B. venture capital
C. conglomerate
D. vertically-integrated
13. In an auction, the item is sold to the person who makes the highest ...........
A. bid
B. price
C. offer
14. Combined production or productivity that is greater than the sum of the
separate parts
A. diversifying


B. merging
C. specialization
D. synergy
22. Insurance companies like you to .............your claim as soon as possible
A. process
B. submit

C. assure
D. proceed
41. When the government doesn't control the exchange rate in any way, the
currency is ...........
A. freely convertible
B. totally convertible
C. absolutely convertible
1. In drafting an arbitration clause, the following questions must be resolved:
A. How many arbitrators sit in the court
B. What is the language of the court
C. Where is the place of the court
D. All of the above
30. .............allows local companies to use the original manufacturer.s brand
name
A. Franchise
B. Contract
C. License
D. Agreement
31. Many goods coming here are subject .............customs duty.
A. for
B. to
C. of
D. with