Top 250+ Solved Export Import Procedures and Documentation MCQ Questions Answer
Q. Market Development Assistance is given to Exporters having annual Export turnover uptoRs.________.
a. 5 Crs
b. 6 Crs
c. 8 Crs
d. 7Crs
Q. The major functions of Export Promotion Council (EPC) are to-
a. Provide commercial information, Organize trade fairs, exhibitions , Promote interaction between trade and Government
b. Provide commercial information , Organize trade fairs, exhibitions , Bail out exporters in case of losses
c. None of the above
d. Can’t say
Q. ______ refers to the policy measures adopted by a country with reference to its exportsand imports.
a. EXIM policy
b. Economic policy
c. Fiscal policy
d. Monetary policy
Q. Fulfillment of Export obligation for licenses with duty saved of Rs.100 Corers or more is valid only if -
a. It is 8 times the duty saved on capital goods , It is fulfilled within 12 years for issuance of license , Initial 5% custom duty has been paid
b. It is 4 times the duty saved on capital goods , It is fulfilled within 24 years for issuance of license , Initial 5% custom duty has been paid
c. None of the above
d. Can’t say
Q. Conservation of the foreign exchange resources is the main objective of
a. Exchange control Regulations
b. EXIM policy
c. Economic policy
d. Fiscal Policy
Q. Deemed export benefits are sanctioned by DGFT without claims.
a. False
b. true
c. Can’t say
d. none
Q. Objective of Foreign Trade Policy is to:
a. Double our Share in Global Market within next 5 years
b. Double our Share in Global Market within next 10 years
c. None of the above
d. Can’t say
Q. Under International Trade Agreements India is required to
a. Eliminate Quantitative restrictions on imports
b. Eliminate Qualitative restrictions on imports
c. None of the above
d. Can’t say
Q. DGFT may issue Advanced License, where SION does not exists, based on self declaration, based on :-
a. Undertaking by the applicant , Final adjustments as per adhoc SION , Adhoc norms fixed category
b. Final adjustments as per adhoc SION , Adhoc norms fixed category , Track record of exporter
c. None of the above
d. Can’t say
Q. Import of Capital Goods is allowed for
a. Jigs , Fixtures , Dies
b. Jigs , Fixtures , Machinery
c. None of the above
d. Can’t say
Q. Market Access Initiatives is not available for
a. conducting market studies
b. participation in international trade fairs
c. testing charges for engineering products
d. none of the above