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11th Standard English Medium Commerce Subject Export and Import Procedures Creative 1 Mark Questions with Solution Part - I Question Bank Software Jun-25 , 2021

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11th Standard English Medium Commerce Subject Export and Import Procedures Creative 1 Mark Questions with Solution Part - I

11th Standard English Medium Commerce Subject Export and Import Procedures Creative 1 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5

  1. 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

  2. EXIM Bank was established in the year______.

    (a)

    1952

    (b)

    1962

    (c)

    1972

    (d)

    1982

  3. 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

  4. 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

  5. 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

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