Tag: conditions of purchase and sale and documents used in foreign trade

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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

NRIs can invest upto 100% equity in high-priority industries, export houses, trading houses, hospitals, and sick-industries. Is this statement true or false?

  1. True

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

NRIs/OCBs will be permitted to invest , on non-repatriation basis, in Money Market Mutual Funds (MMMFs) floated by commercial banks and public sector /private sector financial institutions, with authorisation from Reserve Bank of India/Securities and Exchange Board of India (SEBI).

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 among the following is not grouped as Primary product under the commodity composition of India's exports?

  1. Agricultural and allied

  2. Ores and minerals

  3. Textiles

  4. All of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A textile is a flexible material consisting of a network of natural or artificial fibres. Yarn is produced by spinning raw fibres of wool, flax, cotton, hemp, or other materials to produce long strands.Textiles are formed by weaving, knitting, crocheting, knotting, felting, or braiding.

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

Trade services can be restricted by the barriers of _____.

  1. no such restriction

  2. domestic regulations

  3. RBI

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

Article VI.4 of the General Agreement on Trade in Services (GATS) and the Decision on Domestic Regulation (S/L/70) call upon WTO members to develop any necessary disciplines to ensure that measures relating to qualification requirements and procedures, technical standards and licensing requirements and 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

Which of the following gauges the significance of trade in services?

  1. Formulation of General Agreement on Trade in Services (GATS)

  2. EXIM Policy

  3. Tarrifs

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

The General Agreement on Trade in Services (GATS) is among the World Trade Organization's most important agreements. The accord, which came into force in January 1995, is the first and only set of multilateral rules covering 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

In January 2018, Government of India allowed _____ per cent FDI in single brand retail through automatic route

  1. 40

  2. 51

  3. 60

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

A foreign direct investment is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control.

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 emerged as the main categories of India's exports of services.

  1. Hardware

  2. Hospitality

  3. Software

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

According to the latest Nasscom rankings,Tata Consultancy Services Ltd., Infosys Technologies Ltd. and Wipro Technologies Ltd are the top 3 revenue generators in India. Check out the top ten players in the Indian software industry. Founded in 1968, TCS is one of India's largest corporate houses.

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 Trade Agreement has boosted the total trade between India and ASEAN substantially.

  1. True

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

ASEAN increases competition and lowers world prices, which provides benefits to consumers by raising the purchasing power of their own income, and leads a rise in consumer surplus.It also breaks down domestic monopolies, which face competition from more efficient foreign firms.

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

Signing of _______ Services Agreement by India, has opened up opportunities of movement of both manpower and investments from either side between India and ASEAN.

  1. GAAT

  2. Trade in Services & Trade in Investments

  3. WTO

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

India formally signs Trade in Services & Trade in Investments Agreement with ASEAN. India has formally signed the Trade in Services & Trade in InvestmentsAgreement with ASEAN. The Services Agreement will open up opportunities of movement of both manpower and investments from either side between India and ASEAN.

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 can include which of the following?

  1. Mergers and acquisitions

  2. Building new facilities

  3. Expansion of existing production capacity

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

FDI includes an investor establishes foreign business operations or acquires foreign business assets, including establishing ownership or controlling interest in a foreign company.

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

'Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars'. State whether this statement is correct.

  1. True

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

That amount gets added to the country's GDP. If a nation exports $80 billion of goods and imports $100 billion, it has net exports of minus $20 billion, and that amount is subtracted from the nation's GDP.That means that no nation wants a negative trade balance.