IIBM – Export Import Management Answer sheet

Multiple Choices:

Q1. In case of goods being rejected or wrong shipments which section of the Customer Act provides a drawback facility on the customer’s duty?

1. Section 47
2. Section 88
3. Section 74
4. Section 40

Q2. Risks arising out of foreign law due to________________.

1. Lack of knowledge about foreign market
2. Expensive and complex litigation

c Both ‘a’ & ‘b’

1. None of the above

Q3. Import LC is also known as ______________________.

1. Letter of Debt
2. Bills of exchange
3. Open account
4. Letter of credit

Q4. How many digits are there in the IEC number?

1. 8
2. 10
3. 12
4. 15

Q5. What is the full form of RFID?

1. Rural Fund Information Development
2. Request For International Development
3. Radio Frequency Identification System
4. Radio Frequency Internal System

Q6. The Export Inspection Council is a _____________________.

1. Support the export corporation
2. Responsible for the enforcement of QC
3. Administrative control of the Ministry of Commerce & industry
4. Provides consultancy to export organization

Q7. The World Trade Organization was formed in_________________.

1. 1994
2. 1995
3. 1996
4. 1997

Q8. Government policies are related to__________________________.

1. Income tax
2. Sales tax
3. Both ‘a’ & ‘b’
4. None of the above

Q9. Clearing and forwarding agents are an important link between_______________.

1. The exporter and various other agencies
2. The importer and various other agencies
3. Import and export of goods
4. All of the above

Q10. Which Regional issues are important to commercial success?

1. Taxation matters
2. Importance of negotiations
3. Degree of market risk
4. All of the above

Part Two:

Q1. Define EDI procedure.

Q2. Differentiation between “Measurement Rules” and “Pallet Rules”.

Q3. Explain the Benefits of Electronic Procurement.

Q4. What is DGCI$S?

Q5. Define the role of intermediaries in the Shipping Industry.

Q6. The public package meal companies implement service-time availability of difficulties, Explain.

Q7. For the introduction of third-party logistics services to the public packet meals would you put forward any firm recommendations?

Q8. Why do we say UPS is an international logistics business and general transport logistics Company?

Q9. To describe the international express logistics enterprises in the development prospects.

Q10. Discuss the role of Banks in an export-import transaction.

Q11. Describe briefly the steps involved in export business to succeed in the era of Globalization.

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