GACI Review

An export is…

• a) Sending a product or service to a foreign country 

• b) To introduce goods or services for commercial purposes

• c) To sell products or services to another company

• d) Shipping goods as a commercial exchange

Which countries are not from the EU but belong to the euro zone?

• a) Israel, Greenland, Ukraine, Belarus

• b) Vatican, Monaco, Andorra, San Marino, Montenegro and Kosovo

• c) United Kingdom, Moldova, Macedonia, Hungary

• d) Czech Republic. Cyprus, Sardinia, Madeira, Faroe Islands

The binding legislative act that must be applied in its entirely across the UE is :

• a) When there is a risk of loss or deterioration of the marchandise

• b) When the transport insurance does not take charge of the risks of the merchandise

• c) When the merchandise is very valuable and the insurance cannot cover all its value

• d) The answers b) and c) are correct

On December 1, 2009, with the Treaty of Lisbon:

• a) The European Union was founded

• b) United Kingdom left the EU

• c) The European Union assumed a unique legal personality as a subject of international law

• d) The customs territory was regulated

What is the motto for European Union:

• a) United in equality

• b) United for prosperity

• c) United in diversity

• d) United for peace

What is an internal custom?

• a) Customs between every country

• b) Customs between EEC countries

• c) Customs between countries of the EU

• d) None of the answers is correct

 It is not a community institution:

• a) The European Parliament

• B) The European Central Bank

• c) Foreign Trade Institute

• The Court of Law

 Regarding to the European Union…

• a) Tariff and commercial policy are different

• b) Each country has a customs legislation

• c) It does not have its own resources

• d) None of the answers is correct

The Secretariat of State for Commerce is not for…

• a) Definition, development and execution of the commercial policy of the state

• b) Definition of the competitive strategy of the international

• c) Activities of promotion and internationaliza-tion of Spanish companies

• d) Organization of fairs and conventions

If a company from Oviedo sells cabinets to a company located in Algeciras, the invoice issued by the seller...

• a) Will be subject to VAT

• b) Will include income tax

• c) A tariff will be applied in the Spanish customs

• d) It is a VAT- exempt operation