Question:
Write short notes on the following:
- UNCTAD
- MIGA
- World Bank
- ITPO
- IMF
Answer:
- UNCTAD: The United Nation Conference on Trade and Development, or UNCTAD, was established in 1964 with the objective of integrating the developing countries with the world economy through discussions. It undertakes activities such as collecting research and data for policy making and extending technical assistance to the less developed countries as per their requirements.
- MIGA: The Multinational Investment Guarantee Agency, or MIGA, was established in April 1988 with the objective of encouraging foreign direct investment in the less developed countries. It aims at insuring investors against political and non-commercial risks, providing advisory services, etc.
- World Bank: The World Bank (the World Bank was known as the International Bank for Reconstruction and Development (IBRD) before its growth and expansion) was set up to assist the reconstruction of war affected countries and to facilitate the development of the under-developed nations of the world. Moreover, apart from investing in infrastructure development, agriculture, health and industry, the World Bank is significantly involved in programmes to remove poverty, increasing the income of the poor and providing technological support.
- ITPO: The ITPO, or the Indian Trade Promotion Organisation, was formed on January 1, 1992, under the Companies Act, 1956. Its main objective is to maintain close interactions among traders, industry and the government. In order to fulfil this objective, the ITPO organises trade fairs and exhibitions within and outside the country, thereby helping export firms to interact with international trade bodies.
- IMF: The IMF, or the International Monetary Fund, came into existence in 1945 with the objective of creating and ensuring a healthy international monetary system. It aims at facilitating a system of international payments and adjustments in exchange rates among national currencies in order to bring about balanced growth at the international level and increase the levels of employment and income.
International Business II
Q 1.
List various affiliated bodies of World Bank.
Q 2.
Name any two WTO Agreements.
Q 3.
What is Advance License Scheme?
Q 4.
Discuss the process involved in securing for exports.
Q 5.
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 6.
What was the objective of MIGA?
Q 7.
What is Shipping Bill?
Q 8.
Name the most important document of export.
Q 9.
Write short notes on the following:
- UNCTAD
- MIGA
- World Bank
- ITPO
- IMF
Q 10.
Write a detailed note on features, structure, objectives and functioning of WTO.
Q 11.
List out major affiliated bodies of the World Bank.
Q 12.
What is the main objective of WTO?
Q 13.
Why is export promotion necessary?
Q 14.
How many Export Promotion Councils are there in India?
Q 15.
Define Export Processing Zones.
Q 16.
Name the most important document used in import.
Q 17.
What is pre-shipment finance?
Q 18.
When was State Trading Corporation established?
Q 19.
Explain briefly the process of customs clearance of export goods.
Q 20.
Discuss the principal documents used in exporting.
Q 21.
Why is it necessary for an export firm to go in for pre-shipment inspection?
Q 22.
Explain the term FOB.
Q 23.
Santa Cruz is famous for which exclusive items?
Q 24.
Write short note on Indent House and Dock Challan.
Q 25.
Write the full form of ICSID.
Q 26.
What is a Letter of Credit? Why does an exporter need this document?
Q 27.
Why did WTO establish? What are its objectives?
Q 28.
Explain the meaning of Mate's Receipt.
Q 29.
Give full form of EPZ and SEZ.
Q 30.
Discuss the formalities involved in getting an export license.
Q 31.
Explain the steps of export procedure.
Q 32.
List and explain various incentives and schemes that the government has evolved for promoting the country's foreign trade.
Q 33.
Who is a clearing agent?
Q 34.
Explain different organizations involved in export promotion or facilitating foreign trade.
Q 35.
Why is it necessary to get registered with an Export Promotion Council?
Q 36.
When was IIFT formed?
Q 37.
How many Commodity Boards are there in India?
Q 38.
Your firm is planning to import textile machinery from Canada. Describe the procedure involved in importing.
Q 39.
What is IMF? Discuss its .various objectives and functions.
Q 40.
Name the certificate which is used for ensuring timely payment.
Q 41.
How many regional and international offices does ITPO have?
Q 42.
Which agency of World Bank provides loan to private sector of developing countries?
Q 43.
Define Mate's Receipt.
Q 44.
Discuss the principal documents used in exporting.
Q 45.
What is the purpose of pre-shipment finance?
Q 46.
Explain the term FOB.
Q 47.
Write the full form of DTA.
Q 48.
Who is a clearing agent?
Q 49.
Discuss the process involved in securing for exports.
Q 50.
Which certificate is necessary to prove that goods are produced in the home country itself ?
