Top 250+ Solved Export Import Procedures and Documentation MCQ Questions Answer

From 31 to 45 of 234

Q. Insurance for domestic business is same as for exports.

a. Yes

b. No

c. Can’t say

d. all

  • a. Yes

Q. Exporter has to bear most of commercial risk.

a. Yes

b. No

c. Can’t say

d. all

  • a. Yes

Q. FEMA is civil law unlike FERA.

a. No

b. Can’t say

c. Yes

d. all

  • c. Yes

Q. EOU can be located anywhere in the country.

a. No

b. Can’t say

c. Yes

d. all

  • c. Yes

Q. There is no min limit for setting up EOU.

a. No

b. Yes

c. Can’t say

d. all

  • b. Yes

Q. We can sell 80 % of the produce in the DTA from an EOU.

a. Yes

b. No

c. Can’t say

d. all

  • a. Yes

Q. License is required for imports for SEZ units.

a. Yes

b. No

c. Can’t say

d. all

  • a. Yes

Q. Trade Related Investment Measures (TRIMS) doesn’t apply for

a. Measures that affect trade in goods.

b. Measures that lead to restrictions on quantities.

c. Discouraging measures that limit a company’s imports.

d. Discouraging measures that limit a company’s exports.

  • b. Measures that lead to restrictions on quantities.

Q. General Agreement on Trade in Services will not be applicable to

a. Services supplied from one country to another – cross border supply

b. Transaction of goods across the border – Export Import

c. Individuals traveling from own country to supply services in another – presence of natural persons.

d. Consumers/firms making use of a service in another country – consumption abroa

  • b. Transaction of goods across the border – Export Import

Q. As a part of WTO guidelines, Agreement on Agriculture (AOA) doesn’t consider

a. Direct payments to farmers are permitted.

b. Indirect assistance and support to farmers including R & D support by govt. are not permitted.

c. Domestic policies which directly effect on production and trade have to be cut back.

d. Least developed countries do not need to make any cuts.

  • a. Direct payments to farmers are permitted.

Q. Quantitative restrictions refer to limit set by countries to curb

a. Imports

b. Exports

c. Imports & exports

d. None of the above

  • c. Imports & exports

Q. A Most Favored nation status doesn’t necessarily refer to

a. Same and equal economic treatment

b. Non-discriminatory treatment

c. Same tariff rates applicable

d. Uniform civil code

  • d. Uniform civil code

Q. Power distance Index (PDI) of 77 compared to a world average of 56.5 for India indicates

a. High level of inequality of power and wealth within the society

b. Low level of inequality of power and wealth within the society

c. High level of Political corruption

d. Low level of Human development Index

  • a. High level of inequality of power and wealth within the society
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