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Chapter:

60+ Unit 1 Solved MCQs

in Export Import Procedures and Documentation

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Master of Business Administration (MBA) .

Chapters

Chapter: Unit 1
51.

Shipping Bill/ Bill of Export is the main document required by the Customs Authority for allowing shipment.

A. True
B. False
C. all
D. none
Answer» A. True
52.

To improve their international marketing operations ---------- are assisted by the way of trade fairs, buyers -sellers’ meets & market promotion programs.

A. Ministers
B. Importers
C. Exporters
D. none
Answer» C. Exporters
53.

Department of Commerce of the Ministry of Commerce and industry is the main organization to ------------and guide India’s foreign trade policy.

A. formulate
B. dictate
C. implement
D. none
Answer» A. formulate
54.

--------------examine issues relevant for promotion of India's foreign trade, and the international competitiveness of Indian goods and services.

A. Boards of Trade
B. DGFT
C. Consular
D. none
Answer» A. Boards of Trade
55.

Name the two schemes introduced under the new foreign trade policy? Merchandise Export from India Scheme & Services Export from India Scheme

A. Services Export from India Scheme & Services Import from India Scheme
B. Services Import from India Scheme & Merchandise Export from India Scheme
C. Merchandise Import from India Scheme & Services Export from India Scheme
D. none
Answer» A. Services Export from India Scheme & Services Import from India Scheme
56.

Consider the following statements about the Foreign Trade Policy 2015-20 unveiled on 1st Apr’15.

A. This policy focuses on boosting exports and creating jobs while supporting the Centre’s Make In India and Digital India' programs.

B. The new policy is to create architecture for the Indian economy so that it can gain global competitiveness and promote the diversification of Indian export.

C. The policy is to move towards paperless working in 24x7 environments.

D. The policy comes at a time when export growth contracted 15 percent in February 2014-15, reporting a negative growth for the third consecutive month.

A. A & B is correct
B. B & C is correct
C. A, B & D is correct
D. All of the above is correct
Answer» D. All of the above is correct
57.

The Indian Government unveiled the new Foreign Trade Policy 2015-20 on _____.

A. 30th Mar 2015
B. 31st Mar 2015
C. 1st April 2015
D. 30th April 2015
Answer» C. 1st April 2015
58.

Which is India's first mega coastal economic zone (CEZ)?

A. Vizag Port
B. Chennai Port
C. Jawaharlal Nehru Port
D. Indira Gandhi Port
Answer» C. Jawaharlal Nehru Port
59.

The Reserve Bank is expected to formulate standard operating procedure (SOP) for approval of FDI proposals by ministries following the government decision to phase out what board?

A. FIDB
B. FIDP
C. FIPB
D. FIDC
Answer» C. FIPB
60.

Which interactive service, a 24hr channel has DTH provider TATA Sky launched?

A. Tata Sky Cars
B. Tata Sky Investments
C. Tata Sky Beauty
D. Tata Sky Movies
Answer» C. Tata Sky Beauty
61.

The Cabinet Committee on Economic Affairs gave its approval for removing the prohibition on the export of what type of items?

A. Steel Ingots
B. Textiles
C. Pulses
D. Onions
Answer» C. Pulses
62.

What is the nicotine replacement therapy product Glenmark launched in Nov 2017?

A. Quitz
B. QuitQik
C. Kquitz
D. Kwitz
Answer» D. Kwitz
63.

PC shipments in India witnessed what percentage of growth in September 2017 quarter as against the year ago?

A. 20.5%
B. 19.5%
C. 20%
D. 50%
Answer» A. 20.5%
64.

RBI Governor Urjit Patel was appointed to which advisory board?

A. Financial Stability Institute Advisory Board (FSAB)
B. Bank of International Settlement (BIS).
C. Federal Reserve (F
Answer» A. Financial Stability Institute Advisory Board (FSAB)

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