O-LevelCommerceWarehousing7100/11 · Oct/Nov 2011 · Q271 Mark

Which statement is true of a bonded warehouse?

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, Oct/Nov 2011 Paper 1 Variant 1, question 27.

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