O-LevelCommerceWarehousing7100/12 · May/June 2014 · Q291 Mark

Which statement about a bonded warehouse is correct?

AGoods can be manufactured while they are in the bonded warehouse.

BImported goods are stored in the bonded warehouse until their duty is paid.

CImported goods on which duty has been paid are stored in the bonded warehouse.

DSeasonal goods are stored in the bonded warehouse until they are demanded.

✓ Correct answer

B: Imported goods are stored in the bonded warehouse until their duty is paid.

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Topic: Warehousing, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2014 Paper 1 Variant 2, question 29.

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