Tag: business organisation

Questions Related to business organisation

Finance is required by the exporters even after the shipment of product.

business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

  1. True

  2. False

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Correct Option: A
Explanation:

Finance is required by the exporter even after the shipment of the product as the exporter has to pay for the various licensing and custom duties when the godds reach its destination in the foreign market.

Government of India is the apex body responsible for the country's external trade.

business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

  1. True

  2. False

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Correct Option: A
Explanation:

Government of India is the apex body responsible for the country's external trade as the government develops the rules and regulations levied on the import and export trade made in India.

At present there are ______ EPCs dealing with different commodities.

business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

  1. 34

  2. 21

  3. 15

  4. 20

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Correct Option: B

Export promotion councils are NGOs registered under the companies act.

business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

  1. True

  2. False

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Correct Option: A

Post-shipment finances are the finances provided for purchasing, manufacturing, processing, packaging of goods.

business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

  1. True

  2. False

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Correct Option: B
Explanation:

Finances provided for purchasing, manufacturing, processing, packaging of goods are the pre-shipment finances. The post shipment finances are suppliers credits, custom duties to be paid , export bills etc.

Export inspection council aims at quality control and pre-shipment inspection of commodities meant for export.

business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

  1. True

  2. False

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Correct Option: A
Explanation:

Export inspection council aims at inspection of the quality control of the products and preshipment inspection of the commodities that are meant for export.

Reliance on other countries and international organizations for financial support is called ___________.

business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

  1. foreign loan

  2. international borrowing

  3. external debt trap

  4. external assistance

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Correct Option: D

What do you mean by Trade in Services?

business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

  1. Exchange of services between residents and non-residents of an economy.

  2. Exchange of products between residents and non-residents of an economy.

  3. Exchange of products and services between residents and non-residents of an economy.

  4. None of the above

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Correct Option: A
Explanation:

Trade in Services refers to the sale and delivery of an intangible product, called a service, between a producer and consumer. Trade in services that takes place between a producer and consumer that are, in legal terms, based in different countries is called International Trade in Services.

 Net export equals _______.

business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

  1. Export * Import

  2. Export + Import

  3. Export - Import

  4. Exports of service only

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Correct Option: C
Explanation:

Net exports are the value of a country's total exports minus the value of its total imports. It is a measure used to calculate aggregate a country's expenditures or gross domestic product in an open economy.

_______ has placed India among the fastest growing information technology market in the world.

business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

  1. Liberalization

  2. Urbanisation

  3. Government policies

  4. Strong demand over the past few years in developed economies

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Correct Option: D
Explanation:

Developed Economy. Developed Economies are the countries that enjoy certain high standards. Such countries generally have a good infrastructure, stable economy with very high per capita income. The degree of development, industrialization and general standard of living for its citizens is very high.