Tag: exports and imports

Questions Related to exports and imports

The authorised capial of EXIM Bank is ______________.

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

  1. Rs.50 crores

  2. Rs.100 crores

  3. Rs.150 crores

  4. Rs.200 crores

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Correct Option: D

Which of the following schemes is not introduced by the EXIM Bank?

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

  1. Africa Project Development facility

  2. Export Marketing Finance Programme

  3. American Project Development Facility

  4. Export Vendor Development Finance Programme

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Correct Option: C

The Export Marketing Fund is set up in ______________.

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

  1. 1970

  2. 1976

  3. 1980

  4. 1986

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Correct Option: D

Main objectives of the EXIM Bank is/are ________________.

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

  1. to encourage project exports

  2. to finance Indian joint ventures abroad

  3. to deal in foreign exchange

  4. all the above

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Correct Option: D

For promoting the export, the government has set up
1. The Central Advisory Board on Trade
2. The Trade Development Authority
3. The Federation of Indian Export Organisation
4. Commodity Boards
Which is correct?

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

  1. 1 and 3

  2. 2 and 4

  3. 1, 3 and 4

  4. all the above

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Correct Option: D

High cost of packaging are needed by _______ .

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

  1. heavy Items

  2. small Items

  3. intangible Items

  4. transport services

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Correct Option: A
Explanation:

The heavy items need to be packaged properly for their safe and damage free export to the destination, this kind of packaging also needs high amount of resources and are costlier.

In direct import/export, firms used middlemen to contact overseas buyers/sellers.

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:

In the process of direct import and export, the company itself imports or exports goods with any interference of any middleman or an agent.

Import & Export require huge amounts of foreign investments.

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:

Import and export do not require huge amount of foreign investment as the importer needs an exporter in foreign country. similarly, an exporter will need to follow export laws and need an importer in the foreign country. 

Produces do not have much contact with the foreign markets as goods are produced in the home country.

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:

The producers of the goods or products usually distribute their goods to the the traders of the domestic country to export their products. The traders are much involved in the international markets than the producers themselves.

Under the ___________ scheme, an exporter is allowed duty free supply of inputs required to manufacture export goods.

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

  1. export manufacturing under bod scheme

  2. advanced license scheme

  3. exemption of payment of sales tax

  4. all of the above

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Correct Option: B
Explanation:

Under the advanced license scheme, an exporter is allowed duty free supply of inputs required to manufacture export goods.