Answer:
An TEC number refers to the ‘Importer Exporter Code number. It is a 10-digit number granted by the Directorate General for Foreign Trade (DGFT) to an import/export firm depending upon the firm's credibility. It is essential for an importer/ exporter to obtain this number as it is to be provided in various import/export documents. In order to obtain this number, an export or import firm submits an application to the DGFT or the Regional Import Export Licensing Authority along with documents and information such as the profile of the importer/exporter, fee receipt from a bank, non-resident's interest details, certificate from the banker on the prescribed form, two photographs attested by the banker and a declaration about the applicant's non-association with firms placed in the caution list. Once the final submission is done and authenticated, the DGFT or the Regional Import Export Licensing Authority issues an IEC number to the importer/exporter, which helps the firm concerned in availing itself of benefits granted by the DGFT to importers/exporters.
International Business II
Q 1.
List various affiliated bodies of World Bank.
Q 2.
Name any two WTO Agreements.
Q 3.
Discuss the process involved in securing for exports.
Q 4.
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 5.
What is Advance License Scheme?
Q 6.
Write a detailed note on features, structure, objectives and functioning of WTO.
Q 7.
What is Shipping Bill?
Q 8.
Write short notes on the following:
- UNCTAD
- MIGA
- World Bank
- ITPO
- IMF
Q 9.
List out major affiliated bodies of the World Bank.
Q 10.
Name the most important document used in import.
Q 11.
Name the most important document of export.
Q 12.
What was the objective of MIGA?
Q 13.
How many Export Promotion Councils are there in India?
Q 14.
When was State Trading Corporation established?
Q 15.
Define Export Processing Zones.
Q 16.
What is the main objective of WTO?
Q 17.
When was IIFT formed?
Q 18.
Why is export promotion necessary?
Q 19.
What is pre-shipment finance?
Q 20.
Why is it necessary for an export firm to go in for pre-shipment inspection?
Q 21.
Write the full form of ICSID.
Q 22.
Explain briefly the process of customs clearance of export goods.
Q 23.
Santa Cruz is famous for which exclusive items?
Q 24.
Explain different organizations involved in export promotion or facilitating foreign trade.
Q 25.
List and explain various incentives and schemes that the government has evolved for promoting the country's foreign trade.
Q 26.
Explain the meaning of Mate's Receipt.
Q 27.
Which certificate is necessary to prove that goods are produced in the home country itself ?
Q 28.
Write short note on Indent House and Dock Challan.
Q 29.
Why did WTO establish? What are its objectives?
Q 30.
Discuss the principal documents used in exporting.
Q 31.
Discuss the formalities involved in getting an export license.
Q 32.
Discuss the principal documents used in exporting.
Q 33.
Explain the term FOB.
Q 34.
What is a Letter of Credit? Why does an exporter need this document?
Q 35.
Which agency of World Bank provides loan to private sector of developing countries?
Q 36.
Name the certificate which is used for ensuring timely payment.
Q 37.
Explain the term FOB.
Q 38.
What is the purpose of pre-shipment finance?
Q 39.
What is IEC number?
Q 40.
Your firm is planning to import textile machinery from Canada. Describe the procedure involved in importing.
Q 41.
Who is a clearing agent?
Q 42.
What is IMF? Discuss its .various objectives and functions.
Q 43.
How many regional and international offices does ITPO have?
Q 44.
What is Performa Invoice?
Q 45.
Explain the steps of export procedure.
Q 46.
What is Bill of Lading? How does it differ from bill of entry?
Q 47.
Discuss the process involved in securing for exports.
Q 48.
How many Commodity Boards are there in India?
Q 49.
Why is it necessary to get registered with an Export Promotion Council?
Q 50.
Give full form of EPZ and SEZ.
