Tag: business organisation

Questions Related to business organisation

In 1995-96, India's total exports have increased to ___________.

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

  1. Rs. 605 crores

  2. Rs. 1,06353 crores

  3. Rs. 2,06,465 crores

  4. Rs. 5,60,465 crores

Show answer
Correct Option: B
Explanation:

The exports of the financial year 1995-96 was 1,06,353  crore its was due to several reasons like:

  1. Export policies : The policies which were introduced during the period were favourable to exporters.
  2. Support from the financial institutions : financial institutions like EXIM (export import bank of india) also provided financial assistance to exporters and tried to export goods, services etc to foriegn countries.
  3. Privatization : the most important reason the exports increased was private companies, delicensing etc which influenced the people to manufacture products and services and export to foriegn countries.
This were the reasons why the exports in the year 1995-96 went high.

Upto 1966, India's share in the world export was ______________.

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

  1. 1  percent

  2. 10 per cent

  3. 12 per cent

  4. 15 per cent

Show answer
Correct Option: A

What is the principal item of export in India (1992-93)?

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

  1. Pepper

  2. Oil cakes

  3. Coffee

  4. Handicrafts

Show answer
Correct Option: D

When was the export-import policy 1992-97 announced by the government?

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

  1. March 31, 1991

  2. March 31, 1992

  3. March 31, 1993

  4. March 31, 1994

Show answer
Correct Option: B
Explanation:

The export and import policy was announced on 31st march 1992 which was announced by goverment of india to liberalize the imports and boost the imports.

Indian imports can be classified into _____________.

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

  1. 2 categories

  2. 3 categories

  3. 4 categories

  4. 5 categories

Show answer
Correct Option: B

At the time of independence, the three most important commodities in India's exports were _______________________.

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

  1. Pepper, Cashew Kernel and Oil Cakes

  2. Jute, Tea and Cotton Textiles

  3. Coffee, Tea and Pepper

  4. Wool, Mica and Vegetable Oils

Show answer
Correct Option: B
Explanation:

During 1950-51, India’s total export was Rs. 606 crores of which agricultural products like jute, tea, textiles accounted for more than 50 percent of the export earnings. 

What was the growth rate of export in India in 1993-94?

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

  1. 10 per cent

  2. 15 per cent

  3. 21 per cent

  4. 28 per cent

Show answer
Correct Option: C

The State Trading Corporaton includes
1. The Cashew Corporation of India
2. The Handicrafts and Handloom Export Corporation
3. The State Chemicals and  Pharmaceuticals Corporation
4. The Central Cottage Industries Export Corporation
Which is correct?

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

  1. 1, 2 and 4

  2. 2, 3 and 4

  3. 1 and 3

  4. all the above

Show answer
Correct Option: D

What does DFEC stand for?

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

  1. Direct Foreign Exchange Control

  2. Direct Finance Exchange Control

  3. Duty Free Export Credit

  4. Duty Free Exchange Credit

Show answer
Correct Option: A
Explanation:

Foreign exchange controls are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents. Common foreign exchange controls include, Banning the use of foreign currency within the country.

India holds the ________ position of being the largest exporter in the world in select commodities such as basmati rice, tea, and ayurvedic products.

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

  1. 1st

  2. 2nd

  3. 10th

  4. 22nd

Show answer
Correct Option: A
Explanation:

India holds the 1st  position of being the largest exporter in the world in select commodities such as basmati rice, tea, and ayurvedic products.