Business Studies

International Business II

Question:

Differentiate between the following:

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

Answer:

  • Sight and Issuance Draft
    ncert-solutions-for-class-11-business-studies-international-business-ii-1
  • Bill of Lading and Airway Bill
    ncert-solutions-for-class-11-business-studies-international-business-ii-2
  • Pre-shipment Finance and Post-Shipment Finance
    ncert-solutions-for-class-11-business-studies-international-business-ii-3
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International Business II

Q 1.

List various affiliated bodies of World Bank.

Q 2.

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

Q 3.

Name any two WTO Agreements.

Q 4.

What is Advance License Scheme?

Q 5.

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.

Q 6.

When was State Trading Corporation established?

Q 7.

What was the objective of MIGA?

Q 8.

Discuss the process involved in securing for exports.

Q 9.

What is the main objective of WTO?

Q 10.

What is Shipping Bill?

Q 11.

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

Q 12.

How many Export Promotion Councils are there in India?

Q 13.

Define Mate's Receipt.

Q 14.

List out major affiliated bodies of the World Bank.

Q 15.

When was IIFT formed?

Q 16.

Name the most important document of export.

Q 17.

Name the most important document used in import.

Q 18.

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

Q 19.

Why is export promotion necessary?

Q 20.

Write the full form of ICSID.

Q 21.

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 22.

Write short notes on the following:

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

Q 23.

Define Export Processing Zones.

Q 24.

Give full form of EPZ and SEZ.

Q 25.

What is IEC number?

Q 26.

How many Commodity Boards are there in India?

Q 27.

What is pre-shipment finance?

Q 28.

Write the full form of DTA.

Q 29.

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

Q 30.

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

Q 31.

Santa Cruz is famous for which exclusive items?

Q 32.

How many regional and international offices does ITPO have?

Q 33.

What is IMF? Discuss its .various objectives and functions.

Q 34.

Name the certificate which is used for ensuring timely payment.

Q 35.

Discuss the principal documents used in exporting.

Q 36.

Why did WTO establish? What are its objectives?

Q 37.

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

Q 38.

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

Q 39.

What is World Bank? Discuss its various objectives and role of its affiliated agencies.

Q 40.

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

Q 41.

Discuss the formalities involved in getting an export license.

Q 42.

Explain briefly the process of customs clearance of export goods.

Q 43.

Explain the term FOB.

Q 44.

Who is a clearing agent?

Q 45.

Explain the term FOB.

Q 46.

Explain the steps of export procedure.

Q 47.

Discuss the process involved in securing for exports.

Q 48.

What is Performa Invoice?

Q 49.

Write short note on Indent House and Dock Challan.

Q 50.

Explain different organizations involved in export promotion or facilitating foreign trade.