IEC (a) (b) (c) (d)

is issued by: Reserve Bank of India Ministry of Commerce Ministry of Finance Any of the above

2. Cash Exports Mean: (a) payment in advance (b) payment at sight (c) Payment in 90 days (d) None of the above. 3. Uniform Customs & Practice is drafted by: (a) Chamber of Commerce (b) Reserve Bank of India (c) Commercial Banks (d) None of the above 4. SDF (a) (b) (c) (d) is used as: Principal Document Regulatory Document Auxiliary Document None of the above

5. Amount eligible for EEFC A/c is: (a) 50% (b) 80% (c) 100% (d) None of the above 6. Packing Credit Finances is extended for: (a) Procurement of Raw Material (b) Packing the good. (c) To meet the pre-shipment costs. (d) All three above purposes. 7. Master Document 1 is concerned with: (a) Principal Commercial Documents (b) Auxiliary Commercial Documents (c) Regulatory Documents (d) None of the above. 8. In CIF Contract, Claim if would be paid to: (a) The Seller (b) The Buyer (c) The Seller or Buyer (d) None of the above. 9. The (a) (b) (c) (d) time for presentation of documents after shipment is: 15 days 25 days 21 days Any time after shipment

10. Running Account facility is meant for: (a) Packing credit (b) Bills Facility (c) Cash Credit (d) All of the above

11. To (a) (b) (c) (d)

secure the Bank for packing credit finance ECGC provides: WTPSG WTPCG Comprehensive Risk Policy All of the above

12. ISO is based on the principle of: (a) CWI (b) IPQC (c) TQM (d) SCS 13. In : (a) (b) (c) (d) Small Exporters Policy ECGC pays loss on account of Commercial Risk up to 90% 100% 95% None of the above

14. Total Loss is Marine Insurance means: (a) ATL (b) CTL (c) Both ATL & CTL (d) None of the above 15. How can exporter protect his fluctuation Risk? (a) By Hedging (b) From Insurance Co. (c) From PLI (d) All of the above 16. Airway Bill is: (a) Quasi Negotiable Instrument (b) Non-Negotiable Instrument (c) Negotiable Instrument (d) None of the above 17. In (a) (b) (c) (d) Letter of Credit the Bill of Exchange can be drawn on: The Applicant The Beneficiary The Issuer The Negotiating Bank

18. AR-4 is related to: (a) Customs Declaration (b) Shipping Line Certificate (c) Excise Declaration (d) None of the above 19. The Export Sight Bill must be realized in (a) 100 days (b) 25 days (c) 21 days (d) 7 days 20. In (a) (b) (c) (d) Negotiation Credit the Negotiating Bank negotiates the documents: Without Recourse With Recourse With or Without Recourse All of the above

21. Caused Bill of Lading mean: (a) Late Shipment (b) Shipment to a different port (c) Bad state of Packing (d) All of the above 22. In (a) (b) (c) (d) DBK the Customs is obligated to pay the claim of Exporter in: 30 days 7 days 60 days 75 days

23. Maximum MDA facility is means for: (a) Total expenditure of Trade Fair (b) Rs. 90000/- for Trade Fair participation (c) Rs. 100000/- for Trade Fair participation (d) Rs. 50000/- for Trade Fair participation 24. Present Exim Policy is: (a) AM 2000 - 2002 (b) AM 2001 - 2002 (c) AM 1997 - 2002 (d) None of the above 25. Double weightage factor is for: (a) Exports of products of SSI Sector. (b) Exports from North Easter Sector. (c) Exports from J & K. (d) All the above 26. Star Trading House can be recognized on Exporting: (a) Rs. 560 crore exports last year. (b) Rs. 312 crore Exports in 3 years. (c) Both (a) and (b) above. (d) Average export of Rs. 1125 crore in 3 years. 27. The validity period for Star Exporters recognition is: (a) 5 years. (b) 3 years (c) AS decided by DGFT. (d) All the above 28. If an Import Licence is issued for 24 months on 24.12.2000 the last date of shipment would be: (a) 24.12.2002 (b) 23.12.2002 (c) 31.12.2002 (d) 30.11.2002 29. In (a) (b) (c) (d) EPCG scheme the Export Obligations can be achieved in: 3 years 5 years 8 years 10 years

30. The second hand capital goods should not be more than: (a) 10 years old (b) 5 years old (c) 8 years old

(d) None of the above 31. Advance Licence is meant for: (a) Raw Materials & Components (b) Capital Goods (c) Capital Goods & Raw Material (d) None of the above 32. The following duties are neutralized by DEPB: (a) Excise Duty (b) Custom Duty (c) Custom & Excise Duties (d) None of the above 33. The Export declaration forms used in Software Exports are: (a) SOFTEX Form (b) SDF Form (c) G R Form (d) Any one of them. 34. In months 0/- so (a) (b) (c) (d) Foreign Exchange Cover, if the Currency is at premium. The premium for 3 is 10/15 Rs. If the exchange rate in a particular date is 1 US$= Rs. 47.5 what would be the selling rate after 3 months. Rs. 47.60/Rs. 47.75/Rs. 47.65/Rs. 47.70/-

35. In Indian exchange management system the profits are earned by Banks by adop ting the following system: (a) Buy high sell low (b) Buy low sell high (c) Buy flat sell low. (d) Buy low sell par. 36. Shall the Bank accept an Insurance Policy: (a) Only if issued before the shipment date (b) Issued after the shipment date with risk starting before the shipment (c) Both the above 37. Full Set Term with regards to shipment mean: (a) Full set of all documents called for (b) Full set of Negotiable documents (c) All original by lading (d) All of the above 38. In (a) (b) (c) (d) ECGC small exports policy the shipment declaration have to be made: Every month Once in two months On Quarterly basis Twice during the currency policy