McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Management Studies (BMS) .
| 51. |
Product is the primary function of the exporter. |
| A. | planning |
| B. | development |
| C. | marketing |
| D. | packaging |
| Answer» A. planning | |
| 52. |
provides information of the product and matters related to the product being exported. |
| A. | labelling |
| B. | marking |
| C. | packing |
| D. | positioning |
| Answer» A. labelling | |
| 53. |
refers to symbols printed on export packages. |
| A. | marking |
| B. | packaging |
| C. | branding |
| D. | designing |
| Answer» A. marking | |
| 54. |
Formula : FOB Price = |
| A. | fob cost + profit – dbk |
| B. | all the expenses until goods loaded on ship + freight + profit – incentive |
| C. | all the costs until goods loaded on board the ship + freight + insurance – incentive |
| D. | fob expenses + customs @ port of destination – dbk |
| Answer» A. fob cost + profit – dbk | |
| 55. |
Formula : C&F Price = |
| A. | all expenses until goods loaded on board the ship + freight + profits – dbk |
| B. | c&f price + marine insurance |
| C. | cif price - profits |
| D. | c&f costs + customs@ port of destination + profits |
| Answer» A. all expenses until goods loaded on board the ship + freight + profits – dbk | |
| 56. |
Formula : CIF Price = |
| A. | fob price + incentives |
| B. | cif costs + profits – dbk |
| C. | c&f price – marine insurance |
| D. | fob costs + customs @ port of destination + profits |
| Answer» B. cif costs + profits – dbk | |
| 57. |
Export quotation is . |
| A. | an offer made by importer to exporter in reply to exporter’s query |
| B. | commercial invoice |
| C. | an offer made by exporter to importer in reply to importer’s query |
| D. | importer’s bill |
| Answer» C. an offer made by exporter to importer in reply to importer’s query | |
| 58. |
Under FOB quotation, which among the following is not a responsibility of the exporter ? |
| A. | expenses upto goods loaded on board the ship |
| B. | production management |
| C. | customs at port of shipment |
| D. | freight expenses |
| Answer» D. freight expenses | |
| 59. |
Under C&F quotation, which among the following is not a responsibility of the exporter ? |
| A. | expenses upto goods loaded on board the ship |
| B. | production management |
| C. | payment of marine insurance |
| D. | payment of freight expenses |
| Answer» C. payment of marine insurance | |
| 60. |
Under CIF quotation, which among the following is not a responsibility of the exporter? |
| A. | expenses upto goods loaded on board the ship |
| B. | marine insurance |
| C. | customs at port of destination |
| D. | freight expenses |
| Answer» C. customs at port of destination | |
| 61. |
gives an identity to the exporter and its brands sold in foreign markets. |
| A. | branding |
| B. | marking |
| C. | labelling |
| D. | packaging |
| Answer» A. branding | |
| 62. |
helps to distinguish the company’s brand among its competitors. |
| A. | brand name |
| B. | company name |
| C. | product marking |
| D. | product price |
| Answer» A. brand name | |
| 63. |
Product price is not directly affected by . |
| A. | costs |
| B. | product nature |
| C. | competitor’s prices |
| D. | quota restrictions |
| Answer» D. quota restrictions | |
| 64. |
INCO terms refer to . |
| A. | international commercial terms |
| B. | in-trade commercial terms |
| C. | interim compensation |
| D. | international company |
| Answer» A. international commercial terms | |
| 65. |
The main objective of export pricing is . |
| A. | maximizing the profits |
| B. | applying for government incentives |
| C. | ease in documentation |
| D. | facilitates distribution |
| Answer» A. maximizing the profits | |
| 66. |
Product mix is . |
| A. | a specific category of product line |
| B. | a range of companies’ offerings |
| C. | a part of product depth |
| D. | a restricted line of companies’ offerings |
| Answer» B. a range of companies’ offerings | |
| 67. |
among the following is not an element of branding. |
| A. | brand name |
| B. | logo |
| C. | brand colour |
| D. | country of origin mark |
| Answer» D. country of origin mark | |
| 68. |
Packaging helps in . |
| A. | protection against damages |
| B. | preservation of quality |
| C. | promotion of product |
| D. | all of the above |
| Answer» D. all of the above | |
| 69. |
refers to creating a distinct image in the minds of the audience towards a specific brand. |
| A. | positioning |
| B. | promotion |
| C. | packaging |
| D. | product labelling |
| Answer» A. positioning | |
| 70. |
Product promotion in export business is mainly done through . |
| A. | advertising |
| B. | publicity |
| C. | salesmanship |
| D. | participation in trade-fairs and exhibitions |
| Answer» D. participation in trade-fairs and exhibitions | |
| 71. |
EU requires labelling requirement in language/s. |
| A. | one |
| B. | two |
| C. | three |
| D. | four |
| Answer» D. four | |
| 72. |
EU needs packaging requirements. |
| A. | eco-friendly |
| B. | thermoformed |
| C. | laminated |
| D. | corrugated |
| Answer» A. eco-friendly | |
| 73. |
is a longer channel of distribution in export business. |
| A. | direct channel |
| B. | indirect channel |
| C. | latitudinal channel |
| D. | longitudinal channel |
| Answer» B. indirect channel | |
| 74. |
helps to distribute export goods only through government agencies. |
| A. | co-operatives |
| B. | canalizing agencies |
| C. | customs officials |
| D. | consortiums |
| Answer» B. canalizing agencies | |
| 75. |
distribution channel reduces per unit cost of the product in export business. |
| A. | direct |
| B. | indirect |
| C. | variance distribution |
| D. | binomial distribution |
| Answer» A. direct | |
| 76. |
Logistics in export marketing does not cover aspect. |
| A. | packaging |
| B. | warehousing |
| C. | material handling |
| D. | advertising |
| Answer» D. advertising | |
| 77. |
helps to co-ordinate moving of resources with the help of people, equipment and technology. |
| A. | logistics |
| B. | human resource management |
| C. | marketing |
| D. | research |
| Answer» A. logistics | |
| 78. |
covers financial risks in export business. |
| A. | insurance |
| B. | transportation |
| C. | communication |
| D. | warehousing |
| Answer» A. insurance | |
| 79. |
is the most convenient and cost effective mode of transport in export business. |
| A. | roadways |
| B. | railways |
| C. | seaways |
| D. | airways |
| Answer» C. seaways | |
| 80. |
is not an element of promotion. |
| A. | publicity |
| B. | sales promotion |
| C. | sponsorship |
| D. | product |
| Answer» D. product | |
| 81. |
is a sales promotion tool. |
| A. | discounts |
| B. | premium price |
| C. | perceived product |
| D. | sponsorship |
| Answer» A. discounts | |
| 82. |
Trade fairs and exhibitions help the exporters in . |
| A. | buying import products |
| B. | promoting export products |
| C. | exploring new markets |
| D. | developing new products |
| Answer» B. promoting export products | |
| 83. |
Personal selling is also known as . |
| A. | salesmanship |
| B. | sponsorship |
| C. | sales-promotion |
| D. | public relations |
| Answer» A. salesmanship | |
| 84. |
is a paid form of non-personal presentation of export goods by the exporter. |
| A. | packaging |
| B. | publicity |
| C. | advertising |
| D. | sales promotion |
| Answer» C. advertising | |
| 85. |
insurance is covered by Marine Insurance Act, 1963. |
| A. | marine |
| B. | life |
| C. | medical |
| D. | health |
| Answer» A. marine | |
| 86. |
premium helps to cover risks occurred due to perils of the sea. |
| A. | marine |
| B. | price |
| C. | freight |
| D. | port |
| Answer» A. marine | |
| 87. |
is not a marine insurance policy. |
| A. | hull insurance |
| B. | time insurance |
| C. | voyage plan |
| D. | umbrella insurance |
| Answer» D. umbrella insurance | |
| 88. |
is a warehousing type that holds zero-inventory, where products are received, processed and shipped to exporting countries. |
| A. | cross-docking |
| B. | near-shore |
| C. | off-shore |
| D. | horizontal |
| Answer» A. cross-docking | |
| 89. |
is a group of exporters who form trading association for mutual distribution benefits. |
| A. | canalizing agency |
| B. | consortium |
| C. | state corporation |
| D. | manufacturing exporters |
| Answer» B. consortium | |
| 90. |
is a promotion element that uses short term tactic to persuade the importers to make purchases. |
| A. | trade fairs and exhibitions |
| B. | sponsorships |
| C. | sales-promotion |
| D. | salesmanship |
| Answer» C. sales-promotion | |
| 91. |
goods are sold on deferred credit basis. |
| A. | capital |
| B. | consumer |
| C. | fmcg |
| D. | deferred |
| Answer» A. capital | |
| 92. |
The main purpose of packing credit is to meet capital needs of exporters. |
| A. | fixed |
| B. | working |
| C. | regular |
| D. | interim |
| Answer» B. working | |
| 93. |
A major part of export finance is provided by banks. |
| A. | commercial |
| B. | agricultural |
| C. | industrial |
| D. | co-operative |
| Answer» A. commercial | |
| 94. |
finances Indian joint ventures in foreign countries. |
| A. | exim |
| B. | nabard |
| C. | sidbi |
| D. | ecgc |
| Answer» A. exim | |
| 95. |
has its head office in Lucknow. |
| A. | sidbi |
| B. | rbi |
| C. | exim |
| D. | epc |
| Answer» A. sidbi | |
| 96. |
provides finance to entrepreneurs for setting up tourism related activities. |
| A. | sidbi |
| B. | ecgc |
| C. | epcg |
| D. | epc |
| Answer» A. sidbi | |
| 97. |
SIDBI provide direct finance to obtain certification. |
| A. | iso 9000 |
| B. | quality |
| C. | isi |
| D. | six-sigma |
| Answer» A. iso 9000 | |
| 98. |
Political risks can be covered under policies. |
| A. | ecgc |
| B. | lic |
| C. | rbi |
| D. | marine |
| Answer» A. ecgc | |
| 99. |
backs the lending programme of banks, by issuing financial guarantees. |
| A. | ecgc |
| B. | epcg |
| C. | lic |
| D. | coc |
| Answer» A. ecgc | |
| 100. |
There are high risks in payment method. |
| A. | advance payment |
| B. | lc |
| C. | open account |
| D. | bills of exchange |
| Answer» C. open account | |
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