Iibm - Export Import Management Essay

425 WordsJun 11, 20162 Pages
Need Answer Sheet of this Question paper, contact aravind.banakar@gmail.com www.mbacasestudyanswers.com ARAVIND – 09901366442 – 09902787224 Export Import Management Multiple Choices: Q1. In case of goods being rejected or wrong shipments which section of customer act provides drawback facility on the customer’s duty? a. Section 47 b. Section 88 c. Section 74 d. Section 40 Q2. Risks arising out of foreign law due to________________. a. Lack of knowledge about foreign market b. Expensive and complex litigation c Both ‘a’ & ‘b’ d. None of the above Q3. Import LC is also known as ______________________. a. Letter of Debt b. Bills of exchange c. Open account d. Letter of credit Q4. How much digits are there in IEC number? a. 8 b. 10 c. 12 d. 15 Q5. What is the full form of RFID? a. Rural Fund Information Development b. Request For International Development c. Radio Frequency Identification System d. Radio Frequency Internal System Q6. The Export Inspection Council is a _____________________. a. Support the export corporation b. Responsible for the enforcement of QC c. Administrative control of the ministry of Commerce & industry d. Provides consultancy to export organization Q7. The World Trade Organization was formed in_________________. a. 1994 b. 1995 c. 1996 d. 1997 Q8. Government policies are related to__________________________. a. Income tax b. Sales tax c. Both ‘a’ & ‘b’ d. None of the above Q9. Clearing and forwarding agents are an important link between_______________. a. The exporter and various other agencies b. The importer and various other agencies c. Import and export of goods d. All of the above Q10. Which Regional issues are important to commercial

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