Exporter has to bear most of commercial risk.

Related MCQs

• Which of the following enables an exporter to import inputs without paying import duties?
• Which enables an exporter to import capital goods, like plant and machinery at concessional import duty?
• A -----------contains the details of the goods shipped and is sworn as being correct in all respects by the exporter before the Consul of the importing country stationed in the exporting country.
• Commercial Invoice and Proforma Invoice is same.
• Reserve Bank of India administers -----------through commercial banks licensed by it as 6 authorized dealers in foreign exchange
• A proforma invoice contains all the particulars as a commercial invoice, but it is distinguished from the latter as it is not---
• The --------------is the premier organization in the country, which offers credit risk insurance cover to exporters, banks, etc.
• The risk of payment is least under the LC, if a bank ---------the payments by confirming the LC.
• As per the new trade policy, the previously existing Served From India Scheme (SFIS) has been scrapped, in its place the ------------------------------ scheme has been announced.
• 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 %.