Question:
Write short note on Indent House and Dock Challan.
Answer:
Meaning of Indent House: Import of goods from a foreign country can be affected in two ways. The import of goods can take place directly or through a middleman. The import of goods through an intermediary is called an Indent House. Indent Houses are of two types. They may be representative or agents of foreign producers or exporters or they may be independent firms engaged in foreign trade. At the time of securing order, the indent firm requests the merchant to sign an Indent Form which services as a letter of authority by the merchant to the Indent House to go for order of the specified items stated in the form. The Indent House brings the following advantages:
- It helps the small dealers to participate in foreign trade.
- The bargaining is done by the Indent Forms and therefore helps in getting the goods at a cheaper rate.
- The financing of import trade is facilitated by the Indent House.
Dock Challan: When all formalities of customs are completed then dock charges are required to be paid. When he pays these charges, the importer or his clearing agent specifies the amount of dock dues in a challan or in any firm. It is called Dock Challan.
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.
What is pre-shipment finance?
Q 22.
Santa Cruz is famous for which exclusive items?
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.
Explain different organizations involved in export promotion or facilitating foreign trade.
Q 30.
Name the certificate which is used for ensuring timely payment.
Q 31.
When was IIFT formed?
Q 32.
Write short note on Indent House and Dock Challan.
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.
What is Bill of Lading? How does it differ from bill of entry?
Q 42.
Explain the meaning of Mate's Receipt.
Q 43.
Discuss the process involved in securing for exports.
Q 44.
List and explain various incentives and schemes that the government has evolved for promoting the country's foreign trade.
Q 45.
Write the full form of DTA.
Q 46.
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 47.
Explain the term FOB.
Q 48.
Why did WTO establish? What are its objectives?
Q 49.
Who is a clearing agent?
Q 50.
Identify various organizations that have been set up in the country by the government for promoting country's foreign trade.
