Question:
List out major affiliated bodies of the World Bank.
Answer:
The following are the major affiliated bodies of the World Bank.
- IBRD: The International Bank for Reconstruction and Development (IBRD) was established in 1945 to assist in the reconstruction of war affected countries. It mainly aims at facilitating the development of the poor nations of the world.
- IFC: The IFC, or the International Finance Corporation, was formed in 1956 as a separate legal entity to provide finance to the private sector in developing nations. The IFC is part of the World Bank Group. It has its own funds and functions. It is managed independently.
- MIGA: MIGA refers to the Multinational Investment Guarantee Agency. It was established in April 1988 with the objective of encouraging foreign direct investments in the less developed countries, insuring investors against political and non ¬commercial risks, providing advisory services, etc.
- IDA: The IDA, or the International Development Association, was established in 1960. Its basic objective is to provide loans and grants at concessional rates to countries whose per-capita income is very low. The loans provided by the IDA have high flexibility.
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 was the objective of MIGA?
Q 8.
What is Shipping Bill?
Q 9.
Name the most important document used in import.
Q 10.
Name the most important document of export.
Q 11.
Write short notes on the following:
- UNCTAD
- MIGA
- World Bank
- ITPO
- IMF
Q 12.
List out major affiliated bodies of the World Bank.
Q 13.
How many Export Promotion Councils are there in India?
Q 14.
When was State Trading Corporation established?
Q 15.
What is the main objective of WTO?
Q 16.
Define Export Processing Zones.
Q 17.
Why is export promotion necessary?
Q 18.
What is pre-shipment finance?
Q 19.
When was IIFT formed?
Q 20.
Why is it necessary for an export firm to go in for pre-shipment inspection?
Q 21.
Explain briefly the process of customs clearance of export goods.
Q 22.
Explain the meaning of Mate's Receipt.
Q 23.
Write short note on Indent House and Dock Challan.
Q 24.
Discuss the principal documents used in exporting.
Q 25.
List and explain various incentives and schemes that the government has evolved for promoting the country's foreign trade.
Q 26.
Santa Cruz is famous for which exclusive items?
Q 27.
Explain the term FOB.
Q 28.
Write the full form of ICSID.
Q 29.
Explain different organizations involved in export promotion or facilitating foreign trade.
Q 30.
Discuss the principal documents used in exporting.
Q 31.
Discuss the formalities involved in getting an export license.
Q 32.
What is a Letter of Credit? Why does an exporter need this document?
Q 33.
Name the certificate which is used for ensuring timely payment.
Q 34.
Which agency of World Bank provides loan to private sector of developing countries?
Q 35.
Why did WTO establish? What are its objectives?
Q 36.
Who is a clearing agent?
Q 37.
What is the purpose of pre-shipment finance?
Q 38.
Explain the term FOB.
Q 39.
How many regional and international offices does ITPO have?
Q 40.
What is IMF? Discuss its .various objectives and functions.
Q 41.
Explain the steps of export procedure.
Q 42.
What is IEC number?
Q 43.
What is Performa Invoice?
Q 44.
Why is it necessary to get registered with an Export Promotion Council?
Q 45.
What is Bill of Lading? How does it differ from bill of entry?
Q 46.
Discuss the process involved in securing for exports.
Q 47.
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 48.
Your firm is planning to import textile machinery from Canada. Describe the procedure involved in importing.
Q 49.
What is World Bank? Discuss its various objectives and role of its affiliated agencies.
Q 50.
Define Mate's Receipt.
