Assignment – A
Question 1. a. Distinguish between Export order, Agreement & Contract.
Question 1. b. What are the important elements of an Export Order? Explain in detail the role of different elements.
Question 2. What are various modes of payment in trade? Explain how is L/C considered to be superior than the other methods? Explain in detail the different types of L/Cs & the categories of exporters. Who demand them?
Question 3. What are the various types of export finances? What is the criteria for their release? What is the role of various agencies involved in financing or protecting the export finances?
Question 4. Why do we require pre-shipment inspection of goods? Explain in detail the different types of pre-shipment inspections.
Question 5. What do you understand by Risk Management in Exports? What are the various causes for the Export Risk? How can these Risks be minimized?
Assignment – B
Question 1. Explain the Role of Documentation in the Export Trade. How is aligned documentation system helpful in the promotion of Export Trade? Explain the Role of Various Regulation Documents.
Question 2. Describe the formalities and registrations with the different authorities before an exporter can accept export contract?
Question 3. How have the draconian provisions on FERA been modified in the FEMA? Discuss in detail the provisions pertaining to:
a. Change of Tenor of Bill.
b. Delayed Remittance
c. Payment of Export Claims
d. Retention of Foreign Currency Amount
Case Study
1. Prepare one set of Documents as required by L/C issuing Bank of YOUR COUNTRY.
2. Write Short Notes on:
(a) Let Export Order
(b) Let Ship Order
(c) Role of Customs Appraiser and Dock Appraiser
(d) Port Procedures
Assignment – C
1. IEC is issued by:
(a) Reserve Bank of India
(b) Ministry of Commerce
(c) Ministry of Finance
(d) Any of the above
2. Cash Exports Mean:
(a) payment in advance
(b) payment at sight
(c) Payment in 90 days
(d) None of the above.
3. Uniform Customs & Practice is drafted by:
(a) Chamber of Commerce
(b) Reserve Bank of India
(c) Commercial Banks
(d) None of the above
4. SDF is used as:
(a) Principal Document
(b) Regulatory Document
(c) Auxiliary Document
(d) None of the above
5. Amount eligible for EEFC A/c is:
(a) 50%
(b) 80%
(c) 100%
(d) None of the above
6. Packing Credit Finances is extended for:
(a) Procurement of Raw Material
(b) Packing the good.
(c) To meet the pre-shipment costs.
(d) All three above purposes.
7. Master Document 1 is concerned with:
(a) Principal Commercial Documents
(b) Auxiliary Commercial Documents
(c) Regulatory Documents
(d) None of the above.
8. In CIF Contract, Claim if would be paid to:
(a) The Seller
(b) The Buyer
(c) The Seller or Buyer
(d) None of the above.
9. The time for presentation of documents after shipment is:
(a) 15 days
(b) 25 days
(c) 21 days
(d) Any time after shipment
10. Running Account facility is meant for:
(a) Packing credit
(b) Bills Facility
(c) Cash Credit
(d) All of the above
11. To secure the Bank for packing credit finance ECGC provides:
(a) WTPSG
(b) WTPCG
(c) Comprehensive Risk Policy
(d) All of the above
12. ISO is based on the principle of:
(a) CWI
(b) IPQC
(c) TQM
(d) SCS
13. In Small Exporters Policy ECGC pays loss on account of Commercial Risk up to:
(a) 90%
(b) 100%
(c) 95%
(d) None of the above
14. Total Loss is Marine Insurance means:
(a) ATL
(b) CTL
(c) Both ATL & CTL
(d) None of the above
15. How can exporter protect his fluctuation Risk?
(a) By Hedging
(b) From Insurance Co.
(c) From PLI
(d) All of the above
16. Airway Bill is:
(a) Quasi Negotiable Instrument
(b) Non-Negotiable Instrument
(c) Negotiable Instrument
(d) None of the above
17. In Letter of Credit the Bill of Exchange can be drawn on:
(a) The Applicant
(b) The Beneficiary
(c) The Issuer
(d) The Negotiating Bank
18. AR-4 is related to:
(a) Customs Declaration
(b) Shipping Line Certificate
(c) Excise Declaration
(d) None of the above
19. The Export Sight Bill must be realized in
(a) 100 days
(b) 25 days
(c) 21 days
(d) 7 days
20. In Negotiation Credit the Negotiating Bank negotiates the documents:
(a) Without Recourse
(b) With Recourse
(c) With or Without Recourse
(d) All of the above
21. Caused Bill of Lading mean:
(a) Late Shipment
(b) Shipment to a different port
(c) Bad state of Packing
(d) All of the above
22. In DBK the Customs is obligated to pay the claim of Exporter in:
(a) 30 days
(b) 7 days
(c) 60 days
(d) 75 days
23. Maximum MDA facility is means for:
(a) Total expenditure of Trade Fair
(b) Rs. 90000/- for Trade Fair participation
(c) Rs. 100000/- for Trade Fair participation
(d) Rs. 50000/- for Trade Fair participation
24. Present Exim Policy is:
(a) AM 2000 – 2002
(b) AM 2001 – 2002
(c) AM 1997 – 2002
(d) None of the above
25. Double weightage factor is for:
(a) Exports of products of SSI Sector.
(b) Exports from North Easter Sector.
(c) Exports from J & K.
(d) All the above
26. Star Trading House can be recognized on Exporting:
(a) Rs. 560 crore exports last year.
(b) Rs. 312 crore Exports in 3 years.
(c) Both (a) and (b) above.
(d) Average export of Rs. 1125 crore in 3 years.
27. The validity period for Star Exporters recognition is:
(a) 5 years.
(b) 3 years
(c) AS decided by DGFT.
(d) All the above
28. If an Import Licence is issued for 24 months on 24.12.2000 the last date of shipment would be:
(a) 24.12.2002
(b) 23.12.2002
(c) 31.12.2002
(d) 30.11.2002
29. In EPCG scheme the Export Obligations can be achieved in:
(a) 3 years
(b) 5 years
(c) 8 years
(d) 10 years
30. The second hand capital goods should not be more than:
(a) 10 years old
(b) 5 years old
(c) 8 years old
(d) None of the above
31. Advance Licence is meant for:
(a) Raw Materials & Components
(b) Capital Goods
(c) Capital Goods & Raw Material
(d) None of the above
32. The following duties are neutralized by DEPB:
(a) Excise Duty
(b) Custom Duty
(c) Custom & Excise Duties
(d) None of the above
33. The Export declaration forms used in Software Exports are:
(a) SOFTEX Form
(b) SDF Form
(c) G R Form
(d) Any one of them.
34. In Foreign Exchange Cover, if the Currency is at premium. The premium for 3 months is 10/15 Rs. If the exchange rate in a particular date is 1 US$= Rs. 47.50/- so what would be the selling rate after 3 months.
(a) Rs. 47.60/-
(b) Rs. 47.75/-
(c) Rs. 47.65/-
(d) Rs. 47.70/-
35. In Indian exchange management system the profits are earned by Banks by adopting the following system:
(a) Buy high sell low
(b) Buy low sell high
(c) Buy flat sell low.
(d) Buy low sell par.
36. Shall the Bank accept an Insurance Policy:
(a) Only if issued before the shipment date
(b) Issued after the shipment date with risk starting before the shipment
(c) Both the above
37. Full Set Term with regards to shipment mean:
(a) Full set of all documents called for
(b) Full set of Negotiable documents
(c) All original by lading
(d) All of the above
38. In ECGC small exports policy the shipment declaration have to be made:
(a) Every month
(b) Once in two months
(c) On Quarterly basis
(d) Twice during the currency policy
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