Top 250+ Solved Export Import Procedures and Documentation MCQ Questions Answer
Q. Export Promotion Capital Goods Scheme allows import of capital goodsFree of import duty
a. With concessional duty of 5 per cent with no export obligation
b. With concessional duty of 5 per cent with export obligation 8 times the duty saved
c. With concessional duty of 5 per cent with export obligation 8 times the import made
d. none
Q. Geographical indications specifies
a. Place of origin of goods
b. Special characteristics of the product associated with place of origin
c. Place and special characters of the product
d. Place or special characters of the product
Q. EXIM Licensing is a________ function of Board of Trade under Foreign Trade Policy
a. Statutory
b. Regulatory
c. Redressal
d. Promotional
Q. An important feature of Export License under which certain goods can be imported only by designated agencies. For an example, an item like gold, in bulk, can be imported only by specified banks like SBI and some foreign banks or designated agencies.
a. Canalization
b. Cannibalization
c. Status Holders
d. None of the above
Q. The Director General of Foreign trade is appointed by
a. Central Government
b. State Government
c. Ministry of commerce
d. Chief justice of the Supreme Court
Q. To arrest and reverse the declining trend of exports and to provide additional support especially to those sectors which have been hit badly by recession in the developed world is the short objective of.
a. 1992- 1997 policy
b. 2002-2007 policy
c. 1997-2002 policy
d. 2009-2014 policy
Q. To double India's percentage share of global merchandise trade is the objective of.
a. 1992- 97 policy
b. 1997-02 policy
c. 2002-07 policy
d. 2009-14 policy
Q. Import of capital goods under EPCG scheme is subject to
a. Terms and conditions of agreement
b. Conditions of law of exporting country
c. Actual user condition
d. Conditions of law of importing country
Q. The export proceeds shall be realized in
a. Any foreign currency
b. Non- convertible currency
c. Convertible currency
d. Home currency only
Q. MEIS scheme actually is-
a. Marine Export from India scheme
b. Mining products Export from India scheme
c. Merchandise Exports from India Scheme
d. all
Q. EOUs have been ---------------facility to set up Warehouses near the port of export.
a. Allowed
b. Disallowed
c. all
d. none