Write short notes on the following
(i) UNCTAD
(ii) MIGA
(iii) World Bank
(iv) ITPO
(v) IMF
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List out major affiliated bodies of the World Bank.
Explain the meaning of the following documents used in connection with import transactions
(i) Trade enquiry
(ii) Import licence
(iii) Shipment of advice
(iv) Import general manifest
(v) Bill of entry
Differentiate between the following
(i) Sight and usance drafts
(ii) Bill of lading and airway bill
(iii) Pre-shipment and post-shipment finance
Discuss the process involved in securing payment for exports.
What is a letter of credit? Why does an exporter need this document?
Explain the meaning of mate's receipt.
Write a detailed note on features, structure, objectives and functioning of WTO.
What is IMF? Discuss its various objectives and functions.
What is World Bank? Discuss its various objectives and role of its affiliated agencies.
Identify various organisations that have been set up in the country by the government for promoting country's foreign trade.
List and explain various incentives and schemes that the government has evolved for promoting the country's export.
Discuss the principal documents used in exporting.
Your firm is planning to import textile machinery from Canada. Describe the procedure involved in importing.
Rekha Garments has received an order to export 2000 men's trousers to Swift Imports Ltd. located in Australia. Discuss the procedure that Rekha Garments would need to go through for executing the export order.
TRIP is one of the WTO agreements that deal with
(a) Trade in agriculture
(b) Trade in services
(c) Trade related investment measures
(d) None of these
What is shipping bill?
Which of the following does not belong to the World Bank group?
(a) IBRD
(b) IDA
(c) MIGA
(d) IMF
What is bill of lading? How does it differ from bill of entry?
The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is
(a) Letter of hypothetication
(b) Letter of credit
(c) Bill of lading
(d) Bill of exchange
Explain briefly the process of customs clearance of export goods.
Which of the following document is prepared by the exporter and includes details of the cargo in terms of the shippers name, the number of packages, the shipping bill, port of destination, name of the vehicle carrying the cargo?
(a) Shipping bill
(b) Packaging list
(c) Mate's receipt
Discuss the procedure related to excise clearance of goods.
Why is it necessary for an export firm to go in for pre-shipment inspection?
What is pre-shipment finance?
What is IEC number?
Why is it necessary to get registered with an export promotion council?
Discuss the formalities involved in getting an export licence.
A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as
(a) Shipping receipt
(b) Mate receipt
(c) Cargo receipt
(d) Charter receipt
Which one of the following is not a part of export documents?
(a) Commercial invoice
(b) Certificate of origin
(c) Bill of entry
(d) Mate's receipt
Which of the following documents is not a document related to the fulfill the customs formalities?
(b) Export licence
(c) Letter of insurance
(d) Proforma invoice
Which of the following do not form part of duty drawback scheme?
(a) Refund of excise duties
(b) Refund of custom duties
(c) Refund of export duties
(d) Refund of income dock charges at the port of shipment
Which of the following documents is not required in connection with an import transaction?
(a) Bill of lading
(b) Shipping bill
(c) Certificate of origin
(d) Shipment advice
Which of the following document are not required for obtaining an export license?
(a) IEC number
(c) Registration cum membership certificate
(d) Bank account number
sandeep View Answer