Tag: nature and scope of foreign trade

Quizzes (9) Questions (73)

Questions Related to nature and scope of foreign trade

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

The composition of trade denotes ___________________.

  1. the relationship between value of exports and

    value of imports

  2. the countries to which commodities are exported and the countries from which commodities are imported

  3. the nature of goods that are exported and imported

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

The composition of trade refers to the specific types of commodities or goods that a country exports and imports, rather than the total value or the trading partners.

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

Which of the following schemes is not introduced by the EXIM Bank?

  1. Africa Project Development facility

  2. Export Marketing Finance Programme

  3. American Project Development Facility

  4. Export Vendor Development Finance Programme
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The American Project Development Facility is not a recognized scheme of the EXIM Bank of India; the others are established programs.

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

Main objectives of the EXIM Bank is/are ________________.

  1. to encourage project exports

  2. to finance Indian joint ventures abroad

  3. to deal in foreign exchange

  4. all the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The EXIM Bank of India has a broad mandate that includes financing project exports, supporting joint ventures, and managing foreign exchange related to trade.

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

For promoting the export, the government has set up
1. The Central Advisory Board on Trade
2. The Trade Development Authority
3. The Federation of Indian Export Organisation
4. Commodity Boards
Which is correct?

  1. 1 and 3

  2. 2 and 4

  3. 1, 3 and 4

  4. all the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The government of India has established various bodies to promote exports, including the Central Advisory Board on Trade, Trade Development Authority, FIEO, and Commodity Boards.

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

High cost of packaging are needed by _______ .

  1. heavy Items

  2. small Items

  3. intangible Items

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

The heavy items need to be packaged properly for their safe and damage free export to the destination, this kind of packaging also needs high amount of resources and are costlier.

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

Import & Export require huge amounts of foreign investments.

  1. True

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

Import and export do not require huge amount of foreign investment as the importer needs an exporter in foreign country. similarly, an exporter will need to follow export laws and need an importer in the foreign country. 

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

Produces do not have much contact with the foreign markets as goods are produced in the home country.

  1. True

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

The producers of the goods or products usually distribute their goods to the the traders of the domestic country to export their products. The traders are much involved in the international markets than the producers themselves.