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.
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.
What is Advance License Scheme?
Q 5.
What is Shipping Bill?
Q 6.
Discuss the process involved in securing for exports.
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.
How many Export Promotion Councils are there in India?
Q 14.
Why is export promotion necessary?
Q 15.
Define Export Processing Zones.
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.
What is pre-shipment finance?
Q 19.
When was State Trading Corporation established?
Q 20.
Discuss the principal documents used in exporting.
Q 21.
Santa Cruz is famous for which exclusive items?
Q 22.
Explain briefly the process of customs clearance of export goods.
Q 23.
How many regional and international offices does ITPO have?
Q 24.
Give full form of EPZ and SEZ.
Q 25.
Explain the term FOB.
Q 26.
Your firm is planning to import textile machinery from Canada. Describe the procedure involved in importing.
Q 27.
Write the full form of ICSID.
Q 28.
Write short note on Indent House and Dock Challan.
Q 29.
Explain different organizations involved in export promotion or facilitating foreign trade.
Q 30.
What is IMF? Discuss its .various objectives and functions.
Q 31.
Who is a clearing agent?
Q 32.
Why is it necessary to get registered with an Export Promotion Council?
Q 33.
Name the certificate which is used for ensuring timely payment.
Q 34.
How many Commodity Boards are there in India?
Q 35.
Discuss the formalities involved in getting an export license.
Q 36.
Which agency of World Bank provides loan to private sector of developing countries?
Q 37.
When was IIFT formed?
Q 38.
What is Performa Invoice?
Q 39.
What is IEC number?
Q 40.
List and explain various incentives and schemes that the government has evolved for promoting the country's foreign trade.
Q 41.
Explain the meaning of Mate's Receipt.
Q 42.
Explain the steps of export procedure.
Q 43.
Define Mate's Receipt.
Q 44.
What is Bill of Lading? How does it differ from bill of entry?
Q 45.
Explain the term FOB.
Q 46.
What is the purpose of pre-shipment finance?
Q 47.
Write the full form of DTA.
Q 48.
What is World Bank? Discuss its various objectives and role of its affiliated agencies.
Q 49.
Why did WTO establish? What are its objectives?
Q 50.
Discuss the process involved in securing for exports.
