business studies - international business ii

Class 11 - Business Studies

International Business II

Q&A
Question:

Which certificate is necessary to prove that goods are produced in the home country itself ?

Answer:

Certificate of Origin



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Questions and Answers


International Business II - Questions
1.

Discuss the formalities involved in getting an export license.


Answer
2.

Why is it necessary to get registered with an Export Promotion Council?


Answer
3.

What is IEC number?


Answer
4.

What is pre-shipment finance?


Answer
5.

Why is it necessary for an export firm to go in for pre-shipment inspection?


Answer
6.

Discuss the procedure related to excise clearance of goods.


Answer
7.

What is Bill of Lading? How does it differ from bill of entry?


Answer
8.

What is Shipping Bill?


Answer
9.

Explain the meaning of Mate's Receipt.


Answer
10.

What is a Letter of Credit? Why does an exporter need this document?


Answer
11.

Discuss the process involved in securing for exports.


Answer
12.

Discuss the process involved in securing for exports.


Answer
13.

Differentiate between the following:

  1. Sight and issuance drafts,
  2. Bill of lading and airway bill,
  3. Pre-shipment and post- shipment finance.

Answer
14.

List out major affiliated bodies of the World Bank.


Answer
15.

Write short notes on the following:

  1. UNCTAD
  2. MIGA
  3. World Bank
  4. ITPO
  5. IMF

Answer
16.

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.


Answer
17.

Your firm is planning to import textile machinery from Canada. Describe the procedure involved in importing.


Answer
18.

Discuss the principal documents used in exporting.


Answer
19.

List and explain various incentives and schemes that the government has evolved for promoting the country's foreign trade.


Answer
20.

Write a detailed note on features, structure, objectives and functioning of WTO.


Answer
21.

Name the most important document of export.


Answer
22.

List various affiliated bodies of World Bank.


Answer
23.

Explain the term FOB.


Answer
24.

Define Mate's Receipt.


Answer
25.

Who is a clearing agent?


Answer
26.

What is the purpose of pre-shipment finance?


Answer
27.

Define Export Processing Zones.


Answer
28.

Name the certificate which is used for ensuring timely payment.


Answer
29.

How many Commodity Boards are there in India?


Answer
30.

How many regional and international offices does ITPO have?


Answer
31.

When was IIFT formed?


Answer
32.

Write the full form of ICSID.


Answer
33.

What was the objective of MIGA?


Answer
34.

Which agency of World Bank provides loan to private sector of developing countries?


Answer
35.

Write the full form of DTA.


Answer
36.

What is Advance License Scheme?


Answer
37.

Explain the term FOB.


Answer
38.

Write short note on Indent House and Dock Challan.


Answer
39.

Who is a clearing agent?


Answer
40.

Why did WTO establish? What are its objectives?


Answer
41.

Explain briefly the process of customs clearance of export goods.


Answer
42.

Explain the meaning of the following documents used in connection with import transactions

  1. Trade enquiry,
  2. Import license,
  3. Shipment of advice,
  4. Import general manifest,
  5. Bill of entry.

Answer
43.

Discuss the principal documents used in exporting.


Answer
44.

Identify various organizations that have been set up in the country by the government for promoting country's foreign trade.


Answer
45.

What is the main objective of WTO?


Answer
46.

Name any two WTO Agreements.


Answer
47.

Name the most important document used in import.


Answer
48.

Which certificate is necessary to prove that goods are produced in the home country itself ?


Answer
49.

What is Performa Invoice?


Answer
50.

How many Export Promotion Councils are there in India?


Answer
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