11th Standard EM - Commerce - Export and Import Procedures

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Question - 1

EPC stands for _____.

  • A Export Processing Commission
  • B Export Promotion Council
  • C Export Carriage Council
  • D Export Promotion Congress

Question - 2

STC is expansion for_______.

  • A State Training Centre
  • B State Training Council
  • C State Trading Centre
  • D State Trading Corporation

Question - 3

An _________ is document prepared by importer an sent to the exporter to buy the goods.

  • A Invoice
  • B Indent
  • C Enquiry
  • D Charter party

Question - 4

The ___________ receipt is an acknowledgement of receipt of goods on the ship issued by the Captain.

  • A Shipping Bill
  • B Bill of Lading
  • C Mate's Receipt
  • D Consular Invoice

Question - 5

The Exporters appoint the _________ agent to fulfill the customs formalities

  • A Clearing Agent
  • B Forwarding Agent
  • C Commission Agent
  • D Factor

Question - 6

Which of the following institution provides insurance against various risks in international trade?

  • A Export Promotion Council
  • B Export and Credit Guarantee Corporation
  • C Commodity Board
  • D State Trading Corporation

Question - 7

EXIM Bank was established in the year______.

  • A 1952
  • B 1962
  • C 1972
  • D 1982

Question - 8

Which one of the following is not the export trade procedures?

  • A Arrival of goods
  • B Packing and forwarding
  • C Preparation of invoice
  • D Insurance of goods

Question - 9

Which one of the following is not a import trade procedure?

  • A Obtaining foreign exchange
  • B Obtaining certificate of origin
  • C Obtaining letter of credit
  • D Receipt of shipment advice

Question - 10

Which one of the following document is not required in connection with an import trade?

  • A Bill of entry
  • B Bill of sight
  • C Mate's receipt
  • D Letter of credit