Question:
Why is it necessary to get registered with an Export Promotion Council?
Answer:
If a firm wants to export goods, then it must first obtain an export license. In order to obtain an export license, the firm is required to register itself with the Appropriate Export Promotion Council, such as the Engineering Export Promotion Council (EEPC) and the Apparel Export Promotion Council (AEPC). Such councils are set up by the government for promoting the export of various goods falling under their purview. O ice the registration is complete, the firm obtains the Registration-Cum-Membership Certificate (RCMC). This in turn enables it to take advantage of the benefits made available to export firms by the government. Thus, it is necessary for export firms to register themselves with an Export Promotion Council.
International Business II
Q 1.
List various affiliated bodies of World Bank.
Q 2.
Name any two WTO Agreements.
Q 3.
Explain the meaning of the following documents used in connection with import transactions
- Trade enquiry,
- Import license,
- Shipment of advice,
- Import general manifest,
- Bill of entry.
Q 4.
Discuss the process involved in securing for exports.
Q 5.
What is Advance License Scheme?
Q 6.
What is Shipping Bill?
Q 7.
Name the most important document of export.
Q 8.
What was the objective of MIGA?
Q 9.
List out major affiliated bodies of the World Bank.
Q 10.
Write short notes on the following:
- UNCTAD
- MIGA
- World Bank
- ITPO
- IMF
Q 11.
Write a detailed note on features, structure, objectives and functioning of WTO.
Q 12.
What is the main objective of WTO?
Q 13.
Define Export Processing Zones.
Q 14.
Why is export promotion necessary?
Q 15.
How many Export Promotion Councils are there in India?
Q 16.
Name the most important document used in import.
Q 17.
Why is it necessary for an export firm to go in for pre-shipment inspection?
Q 18.
When was State Trading Corporation established?
Q 19.
Discuss the principal documents used in exporting.
Q 20.
How many regional and international offices does ITPO have?
Q 21.
Santa Cruz is famous for which exclusive items?
Q 22.
What is pre-shipment finance?
Q 23.
Explain briefly the process of customs clearance of export goods.
Q 24.
What is IMF? Discuss its .various objectives and functions.
Q 25.
Write the full form of ICSID.
Q 26.
How many Commodity Boards are there in India?
Q 27.
Give full form of EPZ and SEZ.
Q 28.
Who is a clearing agent?
Q 29.
Write short note on Indent House and Dock Challan.
Q 30.
Explain different organizations involved in export promotion or facilitating foreign trade.
Q 31.
Name the certificate which is used for ensuring timely payment.
Q 32.
When was IIFT formed?
Q 33.
Discuss the formalities involved in getting an export license.
Q 34.
Explain the term FOB.
Q 35.
Define Mate's Receipt.
Q 36.
What is Performa Invoice?
Q 37.
Which agency of World Bank provides loan to private sector of developing countries?
Q 38.
What is IEC number?
Q 39.
Your firm is planning to import textile machinery from Canada. Describe the procedure involved in importing.
Q 40.
Explain the steps of export procedure.
Q 41.
What is Bill of Lading? How does it differ from bill of entry?
Q 42.
Explain the meaning of Mate's Receipt.
Q 43.
Discuss the process involved in securing for exports.
Q 44.
List and explain various incentives and schemes that the government has evolved for promoting the country's foreign trade.
Q 45.
Write the full form of DTA.
Q 46.
Rekha Garments has received an order to export 2000 men's trousers to Swift Imports Ltd. located in Australia. Discuss the procedure that Rekha Garments would need to go through for executing the export order.
Q 47.
Explain the term FOB.
Q 48.
Why did WTO establish? What are its objectives?
Q 49.
Who is a clearing agent?
Q 50.
Identify various organizations that have been set up in the country by the government for promoting country's foreign trade.
