8 Customs fraud consists of any act by which a person deceives the Customs and thus _________ , wholly or partly, the payment of duties and taxes.
(A)confronts
(B)evades
(C)confiscates
(D)impounds

4 A free-trade zone in Shanghai, China's economic hub, has been _________ as the world's second-biggest economy prepares to test long- awaited economic reforms. (A)abolished (B)emitted (C)launched (D)plunged

5 Money laundering is the process by which the illegal source of proceeds is_________ by means of financial transactions or any other means to make it appear legitimate. (A)appealed (B)concealed (C)congealed (D)revealed

6 _________is drawn up according to the rules laid down by an authority to certify that the goods described therein qualify for a designation specific to the given region. (A)Certificate of Origin (B)Regional Appellation Certificate (C)Certified Declaration of Origin (D)Certificate of Customs Declaration

7 Compromise agreement is an agreement under which the Customs, being so empowered, consent to _________proceedings in respect of a Customs offence. (A)arrogate (B)claim (C)impute (D)waive

9 Any clearance of goods for home use, provided that they are imported in specified circumstances and for specified purposes, will be_________ for relief from import duties and taxes. (A)bailable (B)eligible (C)liable (D)negligible

10 The Customs Co-operation Council aims to develop a strategy to _________ the role of Customs in the management of humanitarian relief operations for emergency situations of natural disasters. (A)confine (B)curtail (C)enhance (D)inflate

11 John D. Sutter, the columnist for CNN Opinion raised a question “ Is it fair to paint the super-rich as a homogenous set of villains?” In other words, “Should we _________the rich?” (A)extol (B)expunge (C)rebuff (D)vilify

12 The Japanese government has recently announced to raise the sales tax from 5% to 8% from 1 April, 2014 and many policymakers believed that such _________will be key to reducing Japan's public debt. (A)click (B)crash (C)hike (D)march

13 Cargo declaration, a.k.a. cargo manifests, refers to the information submitted _______ to or on arrival or departure of a means of transport for commercial use. (A)adhere (B)open (C)prior (D)subject

14 GATT and WTO stand for _______ respectively. (A)Generic Agreement on Taxes and Transaction and World Tariff Organization (B)General Agreement on Tariffs and Trade and World Trade Organization (C)General Accord on Trade and Taxes and Worldwide Transactions Organization (D)Gregarious Association of Transection and Trade and Worldwide Taxation Organization