LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Your Answer The concerned licensing authority

Select The Blank

Question Under International Trade Agreements India is required to
eliminate________ on our imports.
Correct Answer Quantitative restrictions

Your Answer Quantitative restrictions

Multiple Choice Single Answer

Question Capital goods are allowed for imports / exports without license,
on execution of LUT/BG, provided -
Correct Answer It is freely exportable as per ITC(HC)

Your Answer It is freely exportable as per ITC(HC)

Multiple Choice Multiple Answer

Question An SEZ unit may :-

Correct Answer Transfer goods to another unit within zone , May sub contract
part of the production within the zone , May sub contract part of
the production abroad
Your Answer Transfer goods to another unit within zone , May sub contract
part of the production within the zone , May sub contract part of
the production abroad

Multiple Choice Single Answer

Question Following is termed as Deemed Exports :-

Correct Answer Supply to projects funded by UN agencies

Your Answer Supplies to Multi National companies in India

Multiple Choice Multiple Answer

Question India could achieve import substitution because :-

Correct Answer Concessions given on Technology transfer , Training of Indian

professionals abroad , Technical collaboration
Your Answer Concessions given on Technology transfer , Training of Indian
professionals abroad , Technical collaboration

Multiple Choice Multiple Answer

Question The export obligation under EPCG Scheme is in addition to the :-

Correct Answer Pending export obligations , Over and above average

performance of last three years , They are physical exports
Your Answer Pending export obligations , They are physical exports , Pending
application for future exports

True/False