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.
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.
Name the certificate which is used for ensuring timely payment.
Q 30.
When was IIFT formed?
Q 31.
Write short note on Indent House and Dock Challan.
Q 32.
Explain different organizations involved in export promotion or facilitating foreign trade.
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.
Explain the meaning of Mate's Receipt.
Q 42.
Discuss the process involved in securing for exports.
Q 43.
What is Bill of Lading? How does it differ from bill of entry?
Q 44.
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 45.
List and explain various incentives and schemes that the government has evolved for promoting the country's foreign trade.
Q 46.
Explain the term FOB.
Q 47.
Write the full form of DTA.
Q 48.
Who is a clearing agent?
Q 49.
Why did WTO establish? What are its objectives?
Q 50.
Identify various organizations that have been set up in the country by the government for promoting country's foreign trade.
