Free CIPS L3M1 Exam Questions

Become CIPS Certified with updated L3M1 exam questions and correct answers

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Total 90 Questions | Updated On: Jun 04, 2025

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Question 1

Which of the following constitute non-tariff barriers to trade?

A : Increased import duties

B : Complex customs procedures and paperwork for any goods crossing borders

C : Reduced import duties

D : Government subsidies to domestic producers

Answer: B,D

Question 2

‘The value of a commodity or service measured in terms of the standard monetary unit’ describes:

A : Cost

B : Value added

C : Price

D : Value for money

Answer: C

Question 3

Which one of the following is a document describing the requirement of a buying organisation, and may be used in seeking quotations or in a tender process? It may take the form of a written description, drawing, model, chemical formula, etc.

A : Request for proposal

B : Service level agreement

C : Requisition

D : Specification

Answer: D

Question 4

Which one of the following is a commercial document issued by a seller seeking payment for goods or services?

A : Delivery note

B : Pre-qualification questionnaire

C : Invoice

D : Supplier quotation

Answer: C

Question 5

The Paris Agreement is about:

A : Climate change

B : European free trade

C : Taxation on fashion houses

D : Rail freight rates

Answer: A

Page: 1 / 18

Total 90 Questions | Updated On: Jun 04, 2025

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