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

From 76 to 90 of 234

Q. Name the two schemes introduced under the new foreign trade policy? Merchandise Export from India Scheme & Services Export from India Scheme

a. Services Export from India Scheme & Services Import from India Scheme

b. Services Import from India Scheme & Merchandise Export from India Scheme

c. Merchandise Import from India Scheme & Services Export from India Scheme

d. none

  • a. Services Export from India Scheme & Services Import from India Scheme

Q. The Indian Government unveiled the new Foreign Trade Policy 2015-20 on _____.

a. 30th Mar 2015

b. 31st Mar 2015

c. 1st April 2015

d. 30th April 2015

  • c. 1st April 2015

Q. Which is India's first mega coastal economic zone (CEZ)?

a. Vizag Port

b. Chennai Port

c. Jawaharlal Nehru Port

d. Indira Gandhi Port

  • c. Jawaharlal Nehru Port

Q. Which interactive service, a 24hr channel has DTH provider TATA Sky launched?

a. Tata Sky Cars

b. Tata Sky Investments

c. Tata Sky Beauty

d. Tata Sky Movies

  • c. Tata Sky Beauty

Q. What is the nicotine replacement therapy product Glenmark launched in Nov 2017?

a. Quitz

b. QuitQik

c. Kquitz

d. Kwitz

  • d. Kwitz

Q. What is advantage of documentary collection?

a. Less costly, tie up with bank not required.

b. More safe as payment at the sight of goods or acceptance

c. Both of above

d. none

  • c. Both of above

Q. Which document is used for documentary collection?

a. Bill of exchange/ draft

b. Usance bill

c. Bill of lading

d. none

  • a. Bill of exchange/ draft

Q. What is the time of payment for documentary collection?

a. At the sight of goods or acceptance, as agreed

b. At a future date

c. Prior to shipping

d. none

  • a. At the sight of goods or acceptance, as agreed

Q. INCO termswere given by

a. International Chamber of Commerce

b. Director General of Foreign Trade

c. Ministry of Commerce

d. none

  • a. International Chamber of Commerce

Q. What is the advantage of letter of credit?

a. Evens risk between buyer and seller

b. Strengthens the role of advising and confirming bank

c. Instant payment

d. none

  • a. Evens risk between buyer and seller

Q. What is revolving L/C?

a. The amount becomes available again without issuing another L/C and usually under the same terms and conditions

b. Payment is on unconfirmed irrevocable basis

c. Payment is on a future date

d. none

  • a. The amount becomes available again without issuing another L/C and usually under the same terms and conditions
Subscribe Now

Get All Updates & News