Tag: business organisation

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Questions Related to business organisation

Multiple choice business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

Finance is required by the exporters even after the shipment of product.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Finance is required by the exporter even after the shipment of the product as the exporter has to pay for the various licensing and custom duties when the godds reach its destination in the foreign market.

Multiple choice business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

Government of India is the apex body responsible for the country's external trade.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Government of India is the apex body responsible for the country's external trade as the government develops the rules and regulations levied on the import and export trade made in India.

Multiple choice business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

Post-shipment finances are the finances provided for purchasing, manufacturing, processing, packaging of goods.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Finances provided for purchasing, manufacturing, processing, packaging of goods are the pre-shipment finances. The post shipment finances are suppliers credits, custom duties to be paid , export bills etc.

Multiple choice business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

Reliance on other countries and international organizations for financial support is called ___________.

  1. foreign loan

  2. international borrowing

  3. external debt trap

  4. external assistance
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

External assistance refers to the support received from other countries or international organizations, which can include grants, loans, or technical aid.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

What do you mean by Trade in Services?

  1. Exchange of services between residents and non-residents of an economy.

  2. Exchange of products between residents and non-residents of an economy.

  3. Exchange of products and services between residents and non-residents of an economy.

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Trade in Services refers to the sale and delivery of an intangible product, called a service, between a producer and consumer. Trade in services that takes place between a producer and consumer that are, in legal terms, based in different countries is called International Trade in Services.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

 Net export equals _______.

  1. Export * Import

  2. Export + Import

  3. Export - Import

  4. Exports of service only
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Net exports are the value of a country's total exports minus the value of its total imports. It is a measure used to calculate aggregate a country's expenditures or gross domestic product in an open economy.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

_______ has placed India among the fastest growing information technology market in the world.

  1. Liberalization

  2. Urbanisation

  3. Government policies

  4. Strong demand over the past few years in developed economies
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Developed Economy. Developed Economies are the countries that enjoy certain high standards. Such countries generally have a good infrastructure, stable economy with very high per capita income. The degree of development, industrialization and general standard of living for its citizens is very high.