Tag: foreign invoice

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Questions Related to foreign invoice

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

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?

  1. 1, 2 and 4

  2. 2, 3 and 4

  3. 1 and 3

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

The State Trading Corporation of India (STC) acts as an umbrella organization for various export-oriented subsidiaries. All the listed entities, including the Cashew Corporation and the Handicrafts and Handloom Export Corporation, are associated with or subsidiaries of the STC.

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 does DFEC stand for?

  1. Direct Foreign Exchange Control

  2. Direct Finance Exchange Control

  3. Duty Free Export Credit

  4. Duty Free Exchange Credit
Reveal answer Fill a bubble to check yourself
A Correct answer
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.

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

  1. 1st

  2. 2nd

  3. 10th

  4. 22nd
Reveal answer Fill a bubble to check yourself
A Correct answer
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.

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's inward foreign investments have grown more than 750 times, from just Rs. 201 crores in 1990-91 to ________  in 2003-04.

  1. Rs 2,34,500

  2. Rs 1.23,400

  3. Rs. 5,45,500

  4. Rs. 1,51,406
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

India's inward foreign investments have grown more than 750 times, from just Rs. 201 crores in 1990-91 to rs. 1,51,4406 in 2003-2004.

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's foreign trade in goods has increased by ___________ times over the last five decades.

  1. 100

  2. 130

  3. 400

  4. 480
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

India's foreign trade in goods has increased by 480 times over the last five decades due to the various changes in the international trade regulations and trade blocs that enhance the trading into the international markets.

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 accounts for ______  per cent of world exports.

  1. 0.8

  2. 1.4

  3. 0.3

  4. 9.03
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

India's main export partners are: United States (15 percent of the total exports), United Arab Emirates (11 percent), Hong Kong (5 percent), China (4 percent), Singapore (4 percent) and United Kingdom (3 percent).

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's performance appears very satisfactory in terms of international comparison.

  1. True

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

International comparisons, or national evaluation indicators, focus on the quantitative, qualitative, and evaluative analysis of one country in relation to others.

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

Share of foreign trade in the country's Gross Domestic Product (GDP) had considerably increased from 14.6 per cent in 1990-91 to ________ per cent in 2003-04.

  1. 33.3

  2. 27.4

  3. 24.1

  4. 32.3
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Share of foreign trade in the country's Gross Domestic Product (GDP) had considerably increased from 14.6 per cent in 1990-91 to 24.1% in 2003-2004.

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

The emergence of software exports  accounts for about of _____ India's total services exports.

  1. 45%

  2. 49 %

  3. 46%

  4. 48%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
  • The emergence of software exports  accounts for about of 49% of India's total service exports.
  • Production for exports in the Indian IT sector is growing faster. As a result, the share of exports in total IT output has risen to 49% in 2000/01, to 67% in 2007/08 and to 81% in 2014/15.
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

The inward foreign investments have grown more than 750 times from just Rs ________  crores  in 1990-91 to Rs.1,51,406 crores in 2003-04.

  1. 201

  2. 200

  3. 202

  4. 203
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The inward foreign investments have grown more than 750 times from just Rs 201 crore in 1990-1991 to rs. 1,51,406 crores in 2003-2004.