Iibm - Export Import Management

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Export Import Management

Multiple Choices:

Q1. In case of goods being rejected or wrong shipments which section of customer act provides drawback facility on the customer’s duty?

a. Section 47

b. Section 88

c. Section 74

d. Section 40

Q2. Risks arising out of foreign law due to________________.

a. Lack of knowledge about foreign market

b. Expensive and complex litigation

c Both ‘a’ & ‘b’

d. None of the above

Q3. Import LC is also known as ______________________.

a. Letter of Debt

b. Bills of exchange

c. Open account

d. Letter of credit

Q4. How much digits are there in IEC number?

a. 8

b. 10

c. 12

d. 15

Q5. What is the full form of RFID?

a. Rural Fund Information Development

b. Request For International Development

c. Radio Frequency Identification System

d. Radio Frequency Internal System

Q6. The Export Inspection Council is a _____________________.

a. Support the export corporation

b. Responsible for the enforcement of QC

c. Administrative control of the ministry of Commerce & industry

d. Provides consultancy to export organization

Q7. The World Trade Organization was formed in_________________.

a. 1994

b. 1995

c. 1996

d. 1997

Q8. Government policies are related to__________________________.

a. Income tax

b. Sales tax

c. Both ‘a’ & ‘b’

d. None of the above

Q9. Clearing and forwarding agents are an important link between_______________.

a. The exporter and various other agencies

b. The importer and various other agencies

c. Import and export of goods

d. All of the above

Q10. Which Regional issues are important to commercial success?

a. Taxation matters

b. Importance of negotiations

c. Degree of market risk

d. All of...