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Export Import Procedures and Documentation Practice Test Questions
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Export and import documents are used to provide information to all parties involved in international trade and ensure that products make a smooth transition into or out of a country. Some of the most common documents include bills of lading, invoices and licenses. An export license is a government document that authorizes the export of specific goods in specific quantities to a particular destination for a particular end-use. This document may be required for most or all exports to some countries or for other countries only under special circumstances.   Import procedure means all the... Show more
Export Import Procedures and Documentation Practice Test Questions
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25 Questions

1. Marine Products Export Development Authority helps
2. MEIS benefits have also been extended to all ............-other than free trade warehousing units.
3. The export promotion scheme with the objective to neutralize the incidence of Customs duty on the import content of the export product is
4. Which of the following theories holds that countries will produce and export products that use large amounts of production factors that they have in abundance?
5. Earlier Advance Authorization Scheme used to be called as
6. A Most Favored nation status doesn’t necessarily refer to
7. What does ITC (HS) stand for?
8. Conversion of Shipping Bills from one Export Promotion scheme to other scheme can be made within ..........
9. Which of the following is not a reason to erect trade barriers?
10. The export promotion scheme with the objective to neutralize the incidence of Customs duty on the import content of the export product is.
11. The prevailing Pre shipment Interest rate is............-.
12. Import of free gifts and relief supplies by certain organizations/institutions e.g. Indian Red Cross Society, National Defense Fund is allowed
13. India's share in global merchandise exports in 2008 was
14. The General Agreement on Tariff and Trade was replaced by
15. There exists no difference between Bill of lading and shipping bill.
16. The IEC number is a number with
17. The export promotion scheme that enables the post export replenishment of duty on inputs used in the export product is
18. Bill of entry can be filed ..............in advance of expected arrival of goods.
19. Deemed exports is beneficial to Indian buyers because :-
20. Bill of entry is a declaration filed by importer giving details of importer and goods.
21. To accelerate exports and encourage technological up gradation, additional Duty Credit Scripts are being given to Status Holders @ ........-of the FOB value of past exports.
22. Special Economic Zones located in areas will be technically treated as ________.
23. Reserve Bank of India administers ..........-through commercial banks licensed by it as 6 authorized dealers in foreign exchange
24. Fulfillment of Export obligation for licenses with duty saved of Rs.100 Corers or more is valid only if,
25. Special Economic Zones are