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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. Specific export requirements under the EPCG scheme have been reduced from 90% of normal amount consideration to ..............of the normal amount consideration.
2. The prevailing Pre shipment Interest rate is............-.
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. What is the nicotine replacement therapy product Glenmark launched in Nov 2017?
5. The Negotiable Instruments Act defines a ........-as “an instrument in writing containing an unconditional order, signed by the maker directing a certain person to pay a certain sum of money only to, or to the order of, a certain person or to the bearer of instrument.”
6. Mate's receipts is a receipt issued by the ........-of the ship when the cargo is loaded on the ship.
7. What is the mode adopted by EIC for the purpose of inspection of good
8. Special Economic Zones are
9. The limit of holdings by Individual Foreign Institutional Investors in a Company has been raised from 5 to 10 % of the company’s shares, while the aggregate limit has been increased from 24 to 34 %.
10. In country A, it takes 10 labor hours to produce cloth and 20 labor hours to produce grain. In country B, it takes 20 labor hours to produce cloth and 10 labor hours to produce grain. Which country should produce grain?
11. How many ways are there to get the IEC code?
12. The export promotion scheme that enables the post export replenishment of duty on inputs used in the export product is.
13. The export promotion scheme that enables the post export replenishment of duty on inputs used in the export product is
14. Under 2009-14 FTP how many new markets have been added under FMS?
15. Eligible exporters shall be issued rewards in the form of duty credit scrips based on the net foreign exchange earned
16. If a country is having more exports than imports in value terms, it can be said that the country is having
17. Reserve Bank of India administers ..........-through commercial banks licensed by it as 6 authorized dealers in foreign exchange
18. Disposal of manufacturing wastes / scrap is allowed..........-, even before fulfillment of export obligation under Advance Authorization and EPCG Scheme
19. General Agreement on Trade in Services will not be applicable to
20. The customs duty paid for the import of capital goods as per 2009-2014 policy is
21. What does CCIE stand for?.
22. To improve their international marketing operations .......... are assisted by the way of trade fairs, buyers -sellers’ meets & market promotion programs.
23. The reward scrips themselves and any goods purchased by utilising these scrips are ..........................by the companies without any restrictions.
24. The EXIM policy is updated every year on
25. The license that is transferable is

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