Top 250+ Solved Export Import Procedures and Documentation MCQ Questions Answer
Q. Marine Products Export Development Authority helps
a. To provide timely and efficient services to overseas buyers.
b. To establish trade links between Indian suppliers and overseas buyers.
c. To facilitate participation in overseas trade fairs and exhibitions and organize trade fairs in India
d. All above
Q. Import Export code (IEC) number is issued by -------Regional licensing authority of DGFT
a. Ministry of Commerce
b. Commodity Boards
c. all
d. none
Q. While submitting an application form for IEC number, an applicant is required to submit his
a. Current Bank Account number.
b. and Bankers Certificate
c. PAN account number
d. All above
Q. The Negotiable Instruments Act defines a ---------as “an instrument in writing containing an unconditional order, signed by the maker directing a certain person to pay a certain sum of money only to, or to the order of, a certain person or to the bearer of instrument.”
a. Performa invoice
b. bill of exchange
c. all
d. none
Q. A -----------contains the details of the goods shipped and is sworn as being correct in all respects by the exporter before the Consul of the importing country stationed in the exporting country.
a. Performa invoice
b. Consular invoice
c. Commercial Invoice
d. none
Q. A proforma invoice contains all the particulars as a commercial invoice, but it isdistinguished from the latter as it is not---
a. Valid
b. Evidence of sale
c. tender for sale contract
d. none
Q. India’s New Foreign Trade Policy under NDA Govt. for the period 2015 to 2020 wasannounced by the government on the-------------
a. 1st of April 2015
b. 1st of June 2015
c. all
d. none
Q. MEIS benefits have also been extended to all -------------other than free tradewarehousing units.
a. large industries
b. SEZ units
c. all
d. none
Q. Eligible exporters shall be issued rewards in the form of duty credit scrips based on thenet foreign exchange earned
a. SEIS
b. MEIS
c. Both
d. none
Q. The reward scrips themselves and any goods purchased by utilising these scrips are --------------------------by the companies without any restrictions.
a. non-transferable
b. freely transferable
c. all
d. none
Q. The Commanding Officer of the ship issues a clean mate's receipt; if he is ------------that the goods are packed properly
a. satisfied
b. not satisfied
c. all
d. none
Q. Bill of entry is a declaration filed by importer giving details of importer and goods.
a. importer
b. exporter
c. all
d. none