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

The average total export during the first 15 years of planning was ______ percent of net national product.

  1. 2.8

  2. 3.8

  3. 4.8

  4. 5.8
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Historical analysis of India's early planning period indicates that exports averaged about 5.8 percent of the net national product during the first 15 years.

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 main causes for the slow growth of export are
I. Neglect of export sector in the development strategy of planning
II. Mounting inflationary pressure in economy
III. Slow expansion of industries producing export goods
IV. Export control and tariff barriers
Of these :

  1. I and II are correct

  2. III and IV are correct

  3. II and IV are correct

  4. All are correct
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The slow growth of Indian exports during the early planning era was attributed to a combination of factors, including the neglect of the export sector, inflation, slow industrial expansion, and restrictive trade policies.

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 total value of India's international trade in 1995-96 was _________.

  1. Rs. 2,29,031 crores

  2. Rs. 28,110 crores

  3. Rs. 110 crores

  4. Rs. 1,18,110 crores
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The indian international trade consisited of exports of  1,06,353 crore and imports of 1,22,678 crore which sums up to 2,29,031 crores.

The figures of imports and exports went up due to the following :
  1. Liberalization : The act of liberaization gave the businessman to export goods and services and import new technologies which were diffcult to gain earlier.
  2. Privatization : The privatization played a very important role in increasing these figures of import and export . privatization increased the efficiency of the companies and made ease in the business licensing process which lead to imports and exports on higher pace.
  3. Globalization : The act of globalization had a huge contribution in imports and exports . The indian economy got connected to world economy,which helped to reach at level where the imports and exports are today.

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

  1. Rs. 605 crores

  2. Rs. 1,06353 crores

  3. Rs. 2,06,465 crores

  4. Rs. 5,60,465 crores
Reveal answer Fill a bubble to check yourself
B Correct answer
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.

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

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

  1. 1 percent

  2. 10 per cent

  3. 12 per cent

  4. 15 per cent
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

India's share in world exports was approximately 1 percent up until 1966, reflecting the country's limited integration into the global market at that time.

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

  1. Pepper

  2. Oil cakes

  3. Coffee

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

In the early 1990s, handicrafts were a major component of India's export basket, reflecting the country's traditional strengths in labor-intensive 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

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

  1. March 31, 1991

  2. March 31, 1992

  3. March 31, 1993

  4. March 31, 1994
Reveal answer Fill a bubble to check yourself
B Correct answer
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.

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

Indian imports can be classified into _____________.

  1. 2 categories

  2. 3 categories

  3. 4 categories

  4. 5 categories
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Indian imports are traditionally classified into three main categories: capital goods, intermediate goods, and consumer 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

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

  1. Pepper, Cashew Kernel and Oil Cakes

  2. Jute, Tea and Cotton Textiles

  3. Coffee, Tea and Pepper

  4. Wool, Mica and Vegetable Oils
Reveal answer Fill a bubble to check yourself
B Correct answer
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. 

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

  1. 10 per cent

  2. 15 per cent

  3. 21 per cent

  4. 28 per cent
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In the 1993-94 fiscal year, India's export growth rate was recorded at approximately 21 percent. This was a significant period of economic reform following the 1991 liberalization policies.