Top 250+ Solved Export Import Procedures and Documentation MCQ Questions Answer
Q. A company of the US has excess products that it does not want to sell into the US market because it will bring down the domestic price and instead sells it at another country at below the cost of production. What is this called?
a. Countervailing.
b. International trade
c. Dumping.
d. none
Q. Unit in a technology park is not eligible for
a. exemption from import duty
b. exemption from quantitative restrictions
c. tax exemptions
d. exemptions from registration requirements
Q. Special Economic Zones are
a. situated outside India, but subject to RBI control
b. treated as foreign territory and not Indian laws
c. governed by international and not Indian laws
d. prohibited from buying from Domestic Tariff Area
Q. A SEZ cannot be established for
a. manufacture of goods
b. rendering of services
c. functioning as Free Trade and Warehousing Zone
d. none of the above
Q. Special Economic Zones were created to
a. Boost manufacturing, Augment exports, Generate employment
b. Boost manufacturing , Augment exports , deemed exports
c. Exports of some special products
d. None of the above
Q. For EOU units Disposal of used packing material will be allowed on payment of duty on
a. Transaction Value
b. CIF value
c. None of the above
d. Can’t say
Q. Sale by EOU to SEZ units is treated as
a. Physical exports
b. Deemed exports
c. None of the above
d. Can’t say
Q. FTWZ is expected to address the issues of ________.
a. Star Trading Houses
b. Global Trading network and warehousing zone
c. None of the above
d. Can’t say
Q. What % of income tax exemption do the EOUs get?
a. 100%
b. 50%
c. Varies from Industry to Industry
d. None of the above
Q. Special Economic Zones located in areas will be technically treated as ________.
a. Foreign Territory for applicability of domestic legislations
b. Financially independent
c. None of the above
d. Can’t say
Q. The full form of EPZ:
a. Exempted Processing Zones
b. Export Promotion Zone
c. Export Processing Zone
d. None of the above
Q. Full form of OBU is
a. Offshore Banking Units
b. Offshore Business Units
c. Overseas Business Units
d. None of the above