Tag: export and import procedures

Questions Related to export and import procedures

What do you mean by Trade in Services?

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

  1. Exchange of services between residents and non-residents of an economy.

  2. Exchange of products between residents and non-residents of an economy.

  3. Exchange of products and services between residents and non-residents of an economy.

  4. None of the above

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Correct Option: A
Explanation:

Trade in Services refers to the sale and delivery of an intangible product, called a service, between a producer and consumer. Trade in services that takes place between a producer and consumer that are, in legal terms, based in different countries is called International Trade in Services.

 Net export equals _______.

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

  1. Export * Import

  2. Export + Import

  3. Export - Import

  4. Exports of service only

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Correct Option: C
Explanation:

Net exports are the value of a country's total exports minus the value of its total imports. It is a measure used to calculate aggregate a country's expenditures or gross domestic product in an open economy.

_______ has placed India among the fastest growing information technology market in the world.

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

  1. Liberalization

  2. Urbanisation

  3. Government policies

  4. Strong demand over the past few years in developed economies

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Correct Option: D
Explanation:

Developed Economy. Developed Economies are the countries that enjoy certain high standards. Such countries generally have a good infrastructure, stable economy with very high per capita income. The degree of development, industrialization and general standard of living for its citizens is very high.

Services traded between economies could include transport, construction services, insurance and financial services etc.

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

  1. True

  2. False

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Correct Option: A
Explanation:

Trade in Services refers to the sale and delivery of an intangible product, called a service, between a producer and consumer. Trade in services that takes place between a producer and consumer that are, in legal terms, based in different countries is called International Trade in Services.

International trade takes place when buyers find foreign markets cheaper to buy in and sellers find them more profitable to dispose of their products than the domestic market.

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

  1. True

  2. False

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Correct Option: A
Explanation:

International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product.

In a company the use of proce sensitive corporate information by the company people to make gains or cover loss known as?

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

  1. Insider trading

  2. future trading

  3. Foreign Trading

  4. Stock Trading

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Correct Option: A

Which one of the following is amongst India's major import items?

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

  1. Jute

  2. Wheat and rice

  3. Ayurvedic medicines

  4. Oil and petroleum products

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Correct Option: D
Explanation:

One of India's most major import items is oil and petroleum products. Oil and petroleum are the highest imported products due to its demand and scarcity in India.

'FDI is an investment which a parent company makes in a foreign country. Where as FII is an investment made by an investor in the market of a foreign country'. State whether the statement is true or false.

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

  1. True

  2. False

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Correct Option: A
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.

Among the measures taken by the government, existing companies with foreign equity can raise such investment upto _____ % under the prescribed guidelines.

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

  1. 49

  2. 51

  3. 50

  4. 70

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Correct Option: B
Explanation:

Equity capital is generated by the sale of shares of stock. If taking on more debt is not financially viable, a company can raise capital by selling additional shares.Instead, the cost of equity capital refers to the amount of return on investment shareholders expect based on the performance of the larger market.

Which among the following has accelerated India's flow of foreign investment into India?

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

  1. Improving standard of living.

  2. Widening markets.

  3. New Industrial Policy, 1991

  4. All of the above

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Correct Option: C
Explanation:

On July 24, 1991, Government of India announced its new industrial policy with an aim to correct the distortion and weakness of the Industrial Structure of the country that had developed in 4 decades; raise industrial efficiency to the international level; and accelerate industrial growth.