Tag: export trade

Questions Related to export trade

The Export Import Bank of India (EXIM Bank) is _____________________.

business organisation import and export procedure export trade procedures and formalities of exports and imports import and export

  1. wholly owned by the Union government

  2. partly owned by the Union government

  3. wholly owned by the World Bank

  4. partly owned by the World Bank

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Correct Option: A

By EXIM policy we mean ________.

business organisation import and export procedure export trade procedures and formalities of exports and imports import and export

  1. external and internal policy

  2. export-import policy

  3. extra import policy

  4. none of the above

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Correct Option: B
Explanation:

Indian EXIM policy is the policy designed by the government in order to regulate the import and export trade of the country. Hence, by EXIM policy we mean export-import policy.

Mr X exported goods to Europe but as a dispute between the supplier and buyer the payment was stopped. The possible resolution to get money back is ______?

business organisation import and export procedure export trade procedures and formalities of exports and imports import and export

  1. To get the goods back

  2. To file a suit using the invoice as support document

  3. To forget as nothing can done

  4. None of the above

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Correct Option: B

FIEO stands for.

business organisation import and export procedure export trade procedures and formalities of exports and imports import and export

  1. Foreign Import Export Organisation

  2. Federation of Import Export Organisation

  3. Forum of Indian Export Organisations

  4. Federation of Indian Export Organisations

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Correct Option: D

_______ is chargeable from companies engaged in production of goods at applicable tariffs.

business organisation import and export procedure export trade procedures and formalities of exports and imports import and export

  1. Custom duty

  2. Excise duty

  3. Value assed tax

  4. Sales tax

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Correct Option: B

The government has progressively moved towards a uniform basic excise rate of _______ but exemptions and surcharges still affect the actual rate.

business organisation import and export procedure export trade procedures and formalities of exports and imports import and export

  1. 4%

  2. 16%

  3. 10%

  4. 20%

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Correct Option: B