Indian Institute of Foreign Trade 2011 Solved Paper

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Identify the correct statement:

The freight costs accounted for around 10 per cent of the value of imports in general during early 1960s, given the labour-intensive ‘break-bulk’ cargo handling.
As a result of growing adoption of containerized trade during 1969-73, while the ocean-borne exports from South Korea in general more than doubled, the same to the US tripled.
The outbreak of the Vietnam war functioned as a major positive force towards rapid expansion of containerization, as American imports from the country increased heavily.
In the early days of container trade development, a major shipping firm Matson Navigation used a 24-foot container since a bigger container was not suitable for its trucks.

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