Tag: procedure and documents used in foreign trade

Questions Related to procedure and documents used in foreign trade

The State Trading Corporaton includes
1. The Cashew Corporation of India
2. The Handicrafts and Handloom Export Corporation
3. The State Chemicals and  Pharmaceuticals Corporation
4. The Central Cottage Industries Export Corporation
Which is correct?

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. 1, 2 and 4

  2. 2, 3 and 4

  3. 1 and 3

  4. all the above

Show answer
Correct Option: D

What does DFEC stand for?

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. Direct Foreign Exchange Control

  2. Direct Finance Exchange Control

  3. Duty Free Export Credit

  4. Duty Free Exchange Credit

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Correct Option: A
Explanation:

Foreign exchange controls are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents. Common foreign exchange controls include, Banning the use of foreign currency within the country.

India holds the ________ position of being the largest exporter in the world in select commodities such as basmati rice, tea, and ayurvedic products.

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. 1st

  2. 2nd

  3. 10th

  4. 22nd

Show answer
Correct Option: A
Explanation:

India holds the 1st  position of being the largest exporter in the world in select commodities such as basmati rice, tea, and ayurvedic products.

India's inward foreign investments have grown more than 750 times, from just Rs. 201 crores in 1990-91 to ________  in 2003-04.

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. Rs 2,34,500

  2. Rs 1.23,400

  3. Rs. 5,45,500

  4. Rs. 1,51,406

Show answer
Correct Option: D
Explanation:

India's inward foreign investments have grown more than 750 times, from just Rs. 201 crores in 1990-91 to rs. 1,51,4406 in 2003-2004.

India's foreign trade in goods has increased by ___________ times over the last five decades.

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. 100

  2. 130

  3. 400

  4. 480

Show answer
Correct Option: D
Explanation:

India's foreign trade in goods has increased by 480 times over the last five decades due to the various changes in the international trade regulations and trade blocs that enhance the trading into the international markets.

India accounts for ______  per cent of world exports.

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. 0.8

  2. 1.4

  3. 0.3

  4. 9.03

Show answer
Correct Option: A
Explanation:

India's main export partners are: United States (15 percent of the total exports), United Arab Emirates (11 percent), Hong Kong (5 percent), China (4 percent), Singapore (4 percent) and United Kingdom (3 percent).

India's performance appears very satisfactory in terms of international comparison.

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. True

  2. False

Show answer
Correct Option: B
Explanation:

International comparisons, or national evaluation indicators, focus on the quantitative, qualitative, and evaluative analysis of one country in relation to others.

Share of foreign trade in the country's Gross Domestic Product (GDP) had considerably increased from 14.6 per cent in 1990-91 to ________ per cent in 2003-04.

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. 33.3

  2. 27.4

  3. 24.1

  4. 32.3

Show answer
Correct Option: C
Explanation:

Share of foreign trade in the country's Gross Domestic Product (GDP) had considerably increased from 14.6 per cent in 1990-91 to 24.1% in 2003-2004.

The emergence of software exports  accounts for about of _____ India's total services exports.

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. 45%

  2. 49 %

  3. 46%

  4. 48%

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Correct Option: B
Explanation:
  • The emergence of software exports  accounts for about of 49% of India's total service exports.
  • Production for exports in the Indian IT sector is growing faster. As a result, the share of exports in total IT output has risen to 49% in 2000/01, to 67% in 2007/08 and to 81% in 2014/15.

The inward foreign investments have grown more than 750 times from just Rs ________  crores  in 1990-91 to Rs.1,51,406 crores in 2003-04.

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. 201 

  2. 200

  3. 202

  4. 203

Show answer
Correct Option: A
Explanation:

The inward foreign investments have grown more than 750 times from just Rs 201 crore in 1990-1991 to rs. 1,51,406 crores in 2003-2004.