Tag: export and import procedures

Quizzes (11) Questions (51)

Questions Related to export and import procedures

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

India is the fourth largest FDI source for which Arab nation?

  1. Iran

  2. Iraq

  3. Qatar

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

The Department of Analysis, Commercial and Industrial Information at the Ministry of Economy (MOE) has released an analytical study on the reality of the Indian economy and the non-oil foreign trade between the UAE and India. Along with featuring India’s salient economic indicators, the study contains economic, statistical and descriptive data on the movement of foreign trade and investment in India. The study concludes that trade and investment sectors form the cornerstone of the booming bilateral economic ties between the UAE and India. As far as the direct foreign non-oil trade between the two countries is concerned, the study reveals a 21 per cent decline in the total value of bilateral trade exchange during 2014 as compared to 2013

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

Terms of trade between two countries refer to a ratio of ______.

  1. export prices to import prices

  2. currency values

  3. import to export

  4. balance of trade to Balance of payments
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Terms of trade. The terms of trade (TOT) is the relative price of imports in terms of exports and is defined as the ratio of export prices to import prices. It can be interpreted as the number of import goods an economy can purchase per unit of export goods

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

In terms of services Gross Value Added, India ranked 13th as of ______.

  1. 2015

  2. 2016

  3. 2017

  4. 2018
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

India accounts for 7.68 percent of total global agricultural output. GDP of Industry sector is $495.62 billion and world rank is 12. In Services sector, India world rank is 11 and GDP is $1185.79 billion. Contribution of Agriculture sector in Indian economy is much higher than world's average (6.1%).

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

West Bengal specializes in production of _________.

  1. texties

  2. jute

  3. oil

  4. pearl
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Jute being crop is an important source of income of growers of West Bengal. In jute cultivation requires a considerable amount of cash investment, an average grown has to face a number of socio-economic and technological problems. A study was conducted on adoption of jute production technology in West Bengal.

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

 If tariff is higher, then the imports will _______.

  1. increase

  2. decrease

  3. same as before

  4. either decrease or increase depends on the country's policies
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Those exports bring money into the country, which increases the exporting nation's GDP. When a country imports goods, it buys them from foreign producers. The money spent on imports leaves the economy, and that decreases the importing nation's GDP

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

Which is/are the disadvantage(s) of free trade?

  1. Unrealistic policy

  2. Increased economic dependence

  3. Unbalanced development

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Disadvantages of Free Trade
  1. Massive Job Losses. As trade barriers are eliminated, certain goods may be cheaper to obtain overseas than to make domestically.
  2. Predatory Pricing.
  3. Increased Vulnerability.
  4. New Industries Can't Develop.
  5. Tax Troubles.
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

Which index did rank India 8th on, April 20, 2017?

  1. AT Kearney FDI Confidence Index

  2. Morgan Stanley Index

  3. Moody's Rating

  4. ICRA rating
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Foreign Direct Investment Confidence (FDI) Index prepared by A.T. Kearney is an annual survey which tracks the impact of likely political, economic, and regulatory changes on the foreign direct investment intentions and preferences of CEOs, CFOs, and other top executives of Global 1000 companies.

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

FDI up to ___% is now permitted in e-commerce companies provided such firms engage in B2B e-commerce.

  1. 51

  2. 75

  3. 90

  4. 100
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Foreigner investment in a scheduled or regional air transport service or domestic scheduled passenger airline is permitted to 100, with FDI up to 100% permitted under automatic route and beyond 49% through poor existing airport under the automatic route.

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

Which one of the following is not amongst India's major import items?

  1. Ayurvedic medicines

  2. Oil and petroleum products

  3. Pearls and precious stones

  4. Machinery
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

India produces ayurvedic medicines on a large scale and even exports them. India imports oil and petroleum products, pearls and precious stones, machinery but they do not import ayurvedic medicines.

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

In 1950-51, India's total exports stood at _______________.

  1. Rs.201 crores

  2. Rs.301 crores

  3. Rs.606 crores

  4. Rs.701 crores
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Historical economic data for India indicates that total exports in 1950-51 were valued at approximately Rs. 606 crores.