Question:
What is pre-shipment finance?
Answer:
As soon as order is confirmed and letter of credit is received, the exporter approaches the bank to receive pre-shipment finance which he needs to buy raw materials and other inputs to produce good to be exported. Firms require finance for various activities such as purchase of raw material and manufacture of goods. In the case of exporters, this finance is obtained from banks in the form of advances known as pre-shipment finance. These advances are called pre-shipment finance as they are used in operations completed before the final shipment of goods takes place. This type of credit is obtained by an exporter from his or her banker after the order has been confirmed and the letter of credit has been received from the importer. Once the bank extends credit, the exporter uses the funds to purchase raw materials to undertake production. Preshipment finance is also used for processing and packaging goods and transporting them to ports for shipment.
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.
Name the most important document used in import.
Q 10.
List out major affiliated bodies of the World Bank.
Q 11.
Name the most important document of export.
Q 12.
How many Export Promotion Councils are there in India?
Q 13.
What was the objective of MIGA?
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.
List and explain various incentives and schemes that the government has evolved for promoting the country's foreign trade.
Q 25.
Explain different organizations involved in export promotion or facilitating foreign trade.
Q 26.
Explain the meaning of Mate's Receipt.
Q 27.
Why did WTO establish? What are its objectives?
Q 28.
Which certificate is necessary to prove that goods are produced in the home country itself ?
Q 29.
Write short note on Indent House and Dock Challan.
Q 30.
Discuss the principal documents used in exporting.
Q 31.
Discuss the principal documents used in exporting.
Q 32.
Discuss the formalities involved in getting an export license.
Q 33.
Explain the term FOB.
Q 34.
What is a Letter of Credit? Why does an exporter need this document?
Q 35.
Name the certificate which is used for ensuring timely payment.
Q 36.
Which agency of World Bank provides loan to private sector of developing countries?
Q 37.
Explain the term FOB.
Q 38.
What is IEC number?
Q 39.
What is the purpose of pre-shipment finance?
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.
Discuss the process involved in securing for exports.
Q 45.
What is Performa Invoice?
Q 46.
How many Commodity Boards are there in India?
Q 47.
Explain the steps of export procedure.
Q 48.
What is Bill of Lading? How does it differ from bill of entry?
Q 49.
Why is it necessary to get registered with an Export Promotion Council?
Q 50.
Give full form of EPZ and SEZ.
