Top 250+ Solved Export Import Procedures and Documentation MCQ Questions Answer
Q. -----------have now been authorized to issue licences for import of sports weapons by ‘renowned shooters’, on the basis of NOC from the Ministry of Sports & Youth Affairs
a. Regional Authorities
b. DGFT
c. all
d. none
Q. ----------are also the registering authorities under the Export Import Policy
a. Export Promotion Councils
b. Commodity Boards
c. all
d. none
Q. -------------organize participation in trade fairs, exhibitions and buyer-seller meets inIndia and abroad
a. Pro duct development Authorities
b. Commodity Boards
c. Export Promotion Councils
d. none
Q. There are -----------statutory Commodity Boards under the Department ofCommerce
a. 7
b. 15
c. 10
d. none
Q. The Indian Council of Arbitration promotes and administer ------------for dispute resolution and encouraging greater domestic and international commerce
a. Alternative Dispute Resolution mechanisms
b. Law and order
c. all
d. none
Q. The export promotion scheme that enables the post export replenishment of duty on inputs used in the export product is.
a. Replenishment licence.
b. Duty remission scheme
c. Duty exemption scheme
d. . Duty free replenishment certificate
Q. The export promotion scheme with the objective to neutralize the incidence of Customsduty on the import content of the export product is.
a. Export Promotion Capital Goods
b. Export Credit Guarantee
c. Duty Free Replenishment
d. Duty Entitlement Passbook
Q. The license that is transferable is
a. Export license
b. Advance license
c. DEPB license
d. REP license
Q. An application for customs clearance of import cargo is
a. Bill of lading
b. Bill of exchange
c. Shipping bill
d. Bill of Entry
Q. All of the following are fundamental factors used by the countries to determine the customs duties to be paid for importing goods except
a. Country of origin
b. Classification
c. Valuation
d. Markings
Q. The General Agreement on Tariff and Trade was replaced by
a. Cross Border Trade Group
b. North American Free Trade Agreement
c. Multilateral Agreement
d. World Trade Organization
Q. Expand FMS
a. First Market Scheme
b. Focus Market Scheme
c. Focus Marine Scheme
d. FullMarket Scheme