With r"9ard to proouctMty of tradibonal """"ns, Ind"'s proouctMty performance;s satisfactory.

@ TRUE
a FALSE
The lirst 6 r""nds of MTNs concentrated on _
@
o Quotas
o CtJstom duty
o
ne date 00 whid1 lI1e e X d 1 a n ~ e of o.JrTendes is to take place is known as lI1e c::!!! of lI1e transaelioo.
http://www.imexforex.com/foreign.htm
The Overseas Investment does cover the risks on 01 contingendes hke too.
a TRUE
@ FALSE
::::J did not feature in tl1e n e ~ . w . list of ~ . m s unde, the Exim Policy '997- 2002
The Income srotement consolidates the CIIrrent ~ C C O I I n t s oIl sectors 01 the economy namely,
o p<ooocti\le sector
iii prtli.te sector
iii GO'I/emment sector
iii forei\lf1 sector
The structure 01 blink lor currencies look given, in the verticlll order _
@ Currency, Pound US$
a US$, Pound Currency Rate
a Pound US$, Currency Rate
a Currency, US$, Pound
Apan Irom the funded usistance, the Ellim Bonk also provides _
iii
Itnes or credit
iii
ooyers' credit
0
sellers' credit
iii
bridge loans
With the aOm of makin9 Ind'" a 9ems & jewellery hub of the woMd, these """,sures are announced _
iii .1I0"';n9 Import of p<edous metal scr.p for ,efinlng & re-export
o pe"nissi"" to rHmport to see tI1e eneel of costs on p<o<lucltoo
iii permissi"" to export polished p<edous and semi predous st""es for treatment .!>ro.d
iii pe'missi"" for the export 01 jewellery on a consignment basis
http://business.gov.in/trade/foreign_trade.php
The needs of the eltflOners & the imponers ~ r e basicllily the sa"",.
o TRUE
@ FALSE
BlS stands 10<
The"" are the steps after the exponer submrts the duplicate of the GRlSDf form to the B<tnk with the sh;pp;ng dOCtlments _
iii lI1e Bank will report lI1is receipt al""9 will1 its periodical return to 1l1e R ~
iii ~ will continue to hold 1l1e GRlSDF !Ofm ~ 1 1 1 l 1 e lull export pfOceeds cO'I/ered by 1l1e !o<ms are reallud
o ~ will c""tinue 10 hold lI1e GRISDf !o,m even after lI1e lull export pfOceeds covered by 1l1e !o<ms are reallud
iii ~ will certify "" lI1e bacl; oj tI1e GRISDf !Ofm about lI1e b<1I realiLiti"" and !OfWard 10 1l1e R ~
finished Handocmn products of sandalwood dOd feature in the prohibited ~ s t of rtems under the Exim Policy 1997_21>02.
a TRUE
@ FALSE
The ,",pon value On US$lrom the period
@ increased more tI1an d<>Uble
o Increased less lt1an d<>Uble
o showed a sli\ll1tlall
o recorded a increase
The Union Commerce" Industry Minister unveiled the Export Import P<>Iicy for the year 2001_2002 on
@ Ap<il 1st 2001
0
Mard11st2001
0
Mard131st2001
0
May 1st 2001
Cross rate F<>rWard Rate
~ = = = = I I ~ ~ = =
Exct1ange rate Spot Rate
b...".nCUlllll:fX"
amencr yQIIQ·..don'"
IIalf or..U. unewrencr x
Ift(I Z1ft(I ..UI ,unYIft(I
v... or_amencr lor. Idor
.-......
Cross rate Forward Rate
.. _-
- -"- ...
@ @
Exrnange rate Spot Rate
@ --
TIle Elim Dank ",""des funds to Ind;an Promoters of joint yentures OIIerseas for "Quily Oller a period 01
, ,
years
These uethe nomendatnres"sed for the seIIin9 of the of the nndel1<lkin9 Bank _
iii n Selling Rate [ITS)
iii Bjll Selling R.te (BS)
iii TC Selling Rate (TeS)
o CB Selling R.te (CBS)
A key indicllior of the extent of lechnololliclll matulity and indusfrial developmenl of a coonlry is seen in its level of
@ Project exports
o Innux oIfOfei\jf1 tourists
o Software development and exports
o fashion shows of international models in India
The fIJI into Ind" whoch .,;eked up durin9 2005-00 was becIIuse of
@ India p e ~ 0 < " " n 9 relatillety well in 1I1e seMces seclo<
o India showin9 a good track recOld of loan repayments of international loans
o sustained groWl!1 in aelMly and p.ositille investment climate
o mass.... e inooslrialization Pfocess in 1I1e domestic economy
ECGC 01 In limrted wns estllblished by the Government 01 Ind" 10 enh.nce expon promotion by _
o help<ng the exporters ~ n d new aIIenues of inllestment,\ p<oooclive resoorce energy
o e>:lending e.port credit espedally to new b<Jdding e.porters on the d f r u ~
o covering the risk ofe.porting on credit
@ ~ n a n d n g those projects whIm are ecooo"";cally ";able and help increase the overall e.port gfoWlh potenhl
is nowconlined to
@ certain pelr,"eum pWclucls, fertilizers, eeli!>e ,"Is, cereals
o certain pelr,"eum proclucls, fertilizers, wheat
o fertilizers, eeli!>e oils, cereals, com
o certain pelr,"eum proclucls, ed;!>e ,"Is, cereals, cott""
DeveIoj>ed coontries are not oonemecl by utililing "l>OIIr and cnpiLtl from less develot>ecl coontries
a TRUE
@ F ~ S E
A\llicunure;s amon9st the sectors wherein fIJI is prohibited under Government as _ as Automlloc Roote, except _
iii FIOIirultu,e
o Fertil"", development
iii Developmentofseeds
iii HO<1irultu,e
These are the d e r o ~ s under the Currency structure 01 a blink _
0
CNB, TTB, TIC
iii
TTB, BB, TCB
iii
TCS, BS,CNS
iii
CNB, TIS
no pMndpal deposits of ;ron ore in the country are concentrated in
... _-
....
- ...
Sooth Africll show1!d ~ very n"ll101I_ Ompon bill in the ye;lrs 1991_90(.
@ TRUE
a F ~ S E
A Bo>Ird of Dire<:tors on the ECGC comprises of rejlresentatives of the
iii Govemment
iii ,.
o Banking& Insurance community
iii F<>reign lIlinislr/ & the lIlinislr/ of Commerce
By 21>06, Ind" recorded ~ CAGR of _
@ 0.23
00.33
0043
o 0.53
These are the y""rs wh;ch have recorded the hillhest l declines in mpon values over the respective pr<Moos ye<trs in terms 01 US$
in millions_
I!l
1991-92
I!l
1984-85
I!l
1981-82
0
1983-84
In 21lO5, in expon 9'owth the"" we,e the last l perlormin9 coontries _
o China, Ko<ea, Ind;a
@ Malaysia, Sjngapofn, Ko<ea
o Cl1ina, Japan, Ko<ea
o Ko<ea, Ind;a, China
The reserves & Monetary Gold under the IloII includes changes in totalloref\ln exchange reserves, whoch consists 01 _
iii R ~ hoidinQs of 901d andfofei9n exmanQe
iii SDRs held by GOIot of India on ~ s own acc<>Unt)
o open mart<:et securities 0I1l1e GO'I/emment
o public sectof share holdin9 wiI!11l1e GO'I/emment
Amongst the impons 01 C1Ip;t;tlgoods, these goods mnked in the lirst l slots
@ electron;c 90ods, tr.nsport equipment
o electric 900ds, transport equipment
o electron;c 90ods, software systems
o electric 900ds, met.1 m.nuf.ctures
The problem of faceless presence the problem of selling under Ind",n brand names.
@ TRUE
o FALSE
NRlsJOCB.JU. can ""'thue on non.r_lrtl1lk>n I>lIsls unNs 01
@ r.l"""ot r.l\lllJal Funds and Natjonal PlillllSaWlg.s COttrlleales
o u<:lllilin. S8l mulUal lyndS
o po.t olIIte $awIg1l tenilk;aln. Go<>'Imment aeCUlilies
o term torl'O'"ate t>on<ls &clobenlures
Equilibrium in the BOP exists only when _
@ lI1e total debit is eClUal to lI1e total credit will10vt compensatory Of ""pitallranslers
o lI1e total 01 debils is eClUal to lI1e total of credits in absoMe & real terms
o lI1ere e>ists neill1er surplus nOf dendl on lI1e current not tI1e acti""s "" tI1e ""p'tal account
o lI1ere are no made In lI1e reserlles in Ofderto restOfe eQualily between receipts & payments on lI1e BOP
@ TRUE
o F ~ S E
In India's BOP statistics, e>:ports are recOfded
au!hOlilies for shipment
they are "eared by rustomer
Goods being sent ~ b r o a d lor repair ~ n d re-<mponed Ian OIItside the JlllMeW01 the Expon R"'l"loIbons loIld down by the RBI.
a TRUE
@ FALSE
TlIe annual plans
iii witnessed no eneel of devaluauon
o tr1. imports were exports bytr1. value oj Rs 2G67 crores
iii witnessed a betterlood crop
iii tr1. hi\ll1estlrade defidtwas not more tr1an Rs 910 cror.s
I : ~ ~ ~ ~ ~ ~ ~ ~ ; ~ i coolrib<Jte to the h i ~ h cost of ",ooorn"" if1 India.
GR fomlS PP forms
~ = = = = I I ~ = = = =
Softe. forms
I I
SOFforms
.-
CIl'Ma__1lIn
IIl'lllc.1IlOCII
or"" Ie ......
1111 CIICIIlOll••rIlOllI
GRIOfms W10fms
-
ModiOOd lERMS into the United Exchange Rate System ClIme into effoct Irom
0
April1 1993
@ 1993
0
May 2nd, 1993
0
ApriI5lh,1993
The International Coori of Ar1litration is the longest institution of the ICC.
@ TRUE
a FALSE
The lowest trllde deOCit during the foorth Plan Period wns Rs
0
OOCwfes
0
B5Cn>res
@ SSCwfes
0
BSCwres
fore;gn
iii Co-operation to ",event tension amongst countries
iii of national interests free trade
iii iINestments in fOfeill'1 countries
o Sopl1isticated
@
o
o
o
o ~ ! ~
I o { L
,
.
" ~
!
S
O
"
.
~
~



!
~
"


o

g
8
,
"
'
i
:
!
'
8
B ,
i
I
.
i
'
.
,
-
.






"
,
"
.
·
"
,
.
U " ~
'E
:
:
~
~
.
<
·
"
q •




• ,
• , , , •

,


, •
• , • •
• • •
~
i " o •
o • • •
• •
6 • • •

, ~
l


~
• • •
• , •

• • •
~
,
• • •

o , •

• • I ~ 5

• • I
o •
, •

• • •
~

,
• f

• •
• •
,
, , , o

• • •
~ •o •
~
1 9 B ~ 00 onward " " e r a ~ e annual imports are C::
Under the Exim Policy 2002 _2007 , in order to boost agro exports, corporate sector will be encouraged to
o sponsor AQri ExportZone
o QOie financial counselinQ to AQricultural Export Zooes
o help and Quide the AQri Export Houses i ! ! £ , ~ times olneed
@ help the AQri Export Houses to develop contacts and QOie Iree counselinQ
G e n e r a l ~ , options are not constructed on the underljinQ market, nut ramer tonv8l"me riQht to bllf' or sell the
These are the suggestions gillen to the Government
iii Use ¥ery simple and clear lanQuaQe in all
iii Minimize the discretionary powers Qr.en to ollicjals
iii A¥oid corruption in the s¥stem
o Centralize absolute bureaucraU< powelS in the hands of the ollieial"
For the implementation offoreign trade rules and regulations, circulars are issued to all such Banks that are usually referred as
o ADPIR Circulars
o ARDIP Circulars
@ APDIR Circulars
o ADRIP Circulars
The measures under the Third Yearly Import Export Policy were
iii increased liberalization olthe import 01 capital Qoods
iii rationalization olthe REP scheme
iii modification olthe list alOGl items
o decanalisation 011 0 essential1lems
incase of the transfer of shares of listed companies from perMri outside India to a person resident in
India, valuation shall be as per the ...... gUidelines
'"
..
::]WOOd in ani form but excluding the value added praducts of this wood was in the prohibited list of
Exim Policy 1997- 2002
countries account (0' tho hiQhest exports
On the BOP, Transportation credtts include _
iii
iii
o
iii
estimated on exports invoiced on CIFiCF basis
Remittances receOied by Indian SteamshipiAinine companies from their abroad
Remittances receOied by Indian steamshipiainine companies
-
Remittances made by Indian sleamstrlpiairline Companies to their ollicesi abroad
Free Trade refers to a sttuation
o where there is unrestricted exchanQe of Qoods and semoe.between countries
iii Where the Government follows a policy of non-interference
iii Where there is absence of tarin's exchanQe restriction taxes and subsidies on production
iii Where there are policies smooth of Qoods
Export incent",es are a " ; d e ~ adopted strate(l)l of
Kis the policy oUhe government to keep the negative Ksts
o as small as possible under QOien circumstances and sUbiectto scrutiny as the exports become favorable
o as small as possible under any circumstances.anfsubject to scrutiny as the exports become fa'o'Vrable
o as small as possible under any circumstanoes and subject to scrutiny as the tradinQ balance become favorable
@ as small as possible under any circumstances and sUbjectto scrutiny as the imports of manufactures comes down
The importance offoreign trade is
Iil Broadens outlook
o Accelerates QroWlh
Iil Expands markets
Iil EncouraQes o n ~ that sector wtlicM Mas " comparat",e act.'antaQe
Counties like Kazakhstan & Ukraine, amongst others were in the special focus of India's trade wtth the CIS Countries in 2IlOO_01
@ TRUE
a FALSE
The Committee appointed for mOIling towards fuller convertibility on the capttal account, detililed a rille_year time frame for achieving
~ s objeclille in 3 phases, namely_
~ phase in 2006-07
~ phase in 2007-08 to 2008-09
o phase in 2007-08 to 2008-09
~ phase in 2009-1 0 to 201 G-IOl1
\.Is$" in millions o,er its
..."
pre"ous year
Reserve Bank may consider "JIplicalions in Form RFC from exporters h1llling good track record for opening foreign currency
accounts wtth banks subject to certain terms and condttions.
@ TRUE
o FALSE
:::1 is described as " s¥stem of rules to e x e r c i s ~ open, f:lir & undistorted competition
I
http://www.wto.org/english/thewto_e/whatis_e/
tif_e/understanding_e.pdf
In 2005, in export growth these were the last 3 performing countries _
0
China, Korea, India
@ Mala)'Sia, SinQapore, Korea
0
China, Japan, Korea
0
Korea, India, China
These are India's prime importers of marine products (in their order of r""king)_
o European Union, US, Japan
@ US, Japan, European Union
o US, UK, Mala¥sia
o Japan, China, SinQapore
To gille a boost of electronic hardware industry supplies these shall qualiryfor the fulfinment of the export
@ of all 217 ITA-1 items from EHTP units to DTA
o ofa1l2161TA-1 items from ETP units to DTA
o of all 1077 ITA-1 items from DTA units to Ef1!-
o ofa1l1001TA-1 itemsfromDTAunitstoETP
http://www.economywatch.com/policywatch/highlight-of-exim-policy.htm
..,.
]miliion
....

No apprlMll is required to change the consignee.
o TRUE
@ FALSE
Presence of Sectoral Cap!Statutory ceiling means that
@ non Qovernrnent indulQence in foreiQn investrnent below" parti,ular lirnit
o foreiQn investrnentfrorn all sources cannot exceed a specified level
o statutory % offoreiQn investrnent in dornel\t'0nfrastructure
o ceilinQ on the lirnit offoreiQn in""strnonl in public enterprises
http://www.oocities.com/kstability/content/foreign-investment/faq-fii.html
The IMF was founded in 1 $!::J
""
,

http://en.wikipedia.org/wiki/International_Monetary_Fund The IMF
was formally organized on December 27, 1945, but as per SCDL
book it is 1946, page 201
The Income statement consolidates the current accounts of 3 sectors of the economy namety',
Iil product",e sector
Iil pr","te sector
o GO¥ernment sector
Iil foreiQn sector
The import growth is
@ is just the same as the export QroWlh
o shows no siQn alposit",e development
o hea";'" less than the export QroWlh o I 1 5 : ~ %
o sliQhW less than export QroWlh 01 15.3%
The concerned parties for the transfer from resident to non_resident shaM adhere to pricing gUidelines, documentation and reporting
requirements for such transfers
a under the prescribed Quideline, of the Ministry of Finan,"
a under the prescribed Quideline, of the Ministry of Commerce
@ as specified and monitored b','the GO\Iern""",tfrom time to time
a as may be specified by ResetYe Bank. from time to time
The Government set up this cell (called bythis name) in order to prevent dumping of cheap imports at unreasonable prices _
@ Directorate General of Anb-Dumpino & Allied Duties
o Anti dumpino cell
o Direct Move aoainst dumpino
o Direct Cell for anti-dumpino
Bythe term 'resident', Kindleberger means all those actually residing in the country, whether as c ~ i l e n s or not.
@ TRUE
a FALSE
The duplicate copy of GRISOFWform should be forwarded to Reserve Bank wtth these particulars:
~ Amountforwhich shipment was insured
~ Name and address of the insurance company
~ Place where the claim is payable
o Insurance details of the product shipped
http://rbidocs.rbi.org.in/rdocs/notification/PDFs/34134.pdf
Anumber of awards h""" been instttuted to encourage exports and to recognize exce"ence in exports.
@ TRUE
a FALSE
Until 1994- 95, exports consisted of ,alue- leaTher pmdu,ts as SMpper's shoes, Qarments and
accessones
,
Even though the export credtt is increasing in absolute terms, the share of export financ9 In total net bank credtt is decreasing year
after year.
@ TRUE
o FALSE
Malhemalicallythe BOP must always balance.
@ TRUE
a FALSE
There have been significant imprOllements in the structure of India's BOP and the strength of the eldern'" sector since the
economic crisis of June, 1991.
@ TRUE
o FALSE
The need for promoting mertha'" housas was IlllgelYfeR because lJf •
Ille dependen" ruched serious propoltJons In 1M F.... Year Pisn
o need (0, e:qIon promotion (0, non-tiadttjonal items
need was fett (0, p'ooidlng channels for export ofllle ofllle small sector
need was fett to successl\Jlly gel h'llh QIlalided &e.:perienced personnel abroad
EEFC
1081 IFel
In case of any item falling under import license, the Banks S M u T ~ noT ~ p e ~ any letter 01 credit or etrect any remittance
unless the Oflltlit_. is submitted and endorsed
,
...
,
..
http://www.rbi.org.in/Scripts/NotificationUser.
aspx?Id=240&Mode=0
Remittance can be effected even after a lapse of 6 months provided _
iii the remittinQ bank is canoinced 'nith the reasons of delay
iii no interest is payable forthe delayed period
iii the conditionalities stand the same for 'lttypes vfQood, be IT books or bikes
o a Quarantee is obliQatory in case of alilemittance,
India does not really have an easy access to market intelligence and information.
@ TRUE
a FALSE
The chanQe in the L:::=
& payments on the BOP
~ : ; ! I l ' ~ ! : : : : : : J are accommo6affhQ transactions to restore equality bel+ieen receipts
These are the main components of non_factor services _
o Insurance
iii travel
iii transportation
iii investment semee counseljnQ
Period of packing credtt is related to the operating cycle but tt is usually restricted to 160 days.
@ TRUE
a FALSE
Imports from these counties are wtthin the top 5 posttions for India for the 1991_92
iii
Germani
iii
Saudi Arabia
0
BelQium
iii
C ~
In order to reduce chronic disequilibrium, Under Bretton Woods, the last resort as suggested bythe government would be _
o revaluation
o devaluation
o internationallendinQ
@ subsidilinQ interest rates in IoreiQn ,.prtal

The lirst 6 r""nds of MTNs concentrated on _

o o o

@ redudn~tari"s
redudn~ Quotas redudn~ CtJstom duty if1Cfeasin~el""".alue

ne date 00 whid1 lI1e

eXd1an~e

of o.JrTendes is to take place is known as lI1e

c::!!!

of lI1e transaelioo.

http://www.imexforex.com/foreign.htm

a @ TRUE FALSE .The Overseas Investment Ins"r~nce does cover the risks on ~CCOIInt 01 contingendes hke w~r too.

list of ~.2002 . the Exim Policy '997.::::J did not feature in tl1e ne~.ms unde.w.

o iii iii iii p<ooocti\le sector prtli.te sector GO'I/emment sector forei\lf1 sector .The Income srotement consolidates the CIIrrent ~CCOIInts oIl sectors 01 the economy namely.

Currency Rate Ste~ing Ste~ing. in the verticlll order _ a a a @ Currency. US$. Currency Rate Currency. US$ Ste~ing. Pound Pound Ste~ing.The r~te structure 01 ~ blink lor Y~rioos currencies m~y look ~ke ~s given. Pound . Pound US$. US$.

Apan Irom the funded usistance. the Ellim Bonk also provides _ iii iii 0 iii Itnes or credit ooyers' credit sellers' credit bridge loans .

these """.gov. .!>ro.With the aOm of makin9 Ind'" a 9ems & jewellery hub of the woMd.d pe'missi"" for the export 01 jewellery on a consignment basis .in/trade/foreign_trade.efinlng & re-export domes~c p<o<lucltoo pe"nissi"" to rHmport to see tI1e eneel of costs on iii iii permissi"" to export polished p<edous and semi predous st""es for treatment .n9 Import of p<edous metal scr.1I0"'.p for o mel~n9.sures are announced _ http://business.php iii .

.The needs of the eltflOners & the imponers ~re basicllily the sa"". o @ TRUE FALSE .

BlS stands 10< .

oj tI1e GRISDf !Ofm about lI1e b<1I realiLiti"" and !OfWard 10 1l1e iii R~ .ng dOCtlments _ iii iii lI1e Bank will report lI1is receipt al""9 will1 its periodical return to 1l1e R~ o ~ will ~ will ~ will continue to hold 1l1e GRlSDF !Ofm ~111l1e lull export pfOceeds cO'I/ered by 1l1e !o<ms are reallud c""tinue 10 hold lI1e GRISDf !o.m even after lI1e lull export pfOceeds covered by 1l1e !o<ms are reallud certify "" lI1e bacl.The"" are the steps after the exponer submrts the duplicate of the GRlSDf form to the B<tnk with the sh.pp.

a @ TRUE FALSE .finished Handocmn products of sandalwood dOd feature in the prohibited ~st of rtems under the Exim Policy 1997_21>02.

The .".pon value On US$lrom the period 2OO2~5 o o o @ increased more tI1an d<>Uble Increased less lt1an d<>Uble showed a sli\ll1tlall recorded a sli~ht increase .

The Union Commerce" Industry Minister unveiled the Export Import P<>Iicy for the year 2001_2002 on @ Ap<il 1st 2001 Mard11st2001 Mard131st2001 May 1st 2001 0 0 0 .

". . Ift(I Z1ft(I ..nCUlllll:fX" un ewrencr x UI .... d on'" b.. or_ amencr lor. . amencr y QIIQ·.~====I I~~== Exct1ange rate Spot Rate Cross rate F<>rWard Rate IIalf or. .. . U.un YIft(I v.... Idor .-.

.Cross rate Forward Rate @ Exrnange rate ... -"- _. @ Spot Rate @ -- .

""des funds to Ind..TIle Elim Dank ".an Promoters of joint yentures OIIerseas for "Quily . parlidpa~OI1 Oller a period 01 years .

te (BS) TC Selling Rate (TeS) CB Selling R.te (CBS) o . of the nndel1<lkin9 Bank _ iii iii iii n Selling Rate [ITS) Bjll Selling R.These ue the exch~nge r~te nomendatnres"sed for the seIIin9 n~tnre of the fr~nSllcbon.

A key indicllior of the extent of lechnololliclll matulity and indusfrial developmenl of a coonlry is seen in its level of o o o @ Project exports Innux oIfOfei\jf1 tourists Software development and exports fashion shows of international models in India .

eked up durin9 2005-00 was becIIuse of o o o @ India pe~0<""n9 relatillety well in 1I1e seMces seclo< India showin9 a good track recOld of loan repayments of international loans sustained groWl!1 in aelMly and p.....ositille investment climate mass .e inooslrialization Pfocess in 1I1e domestic economy .The fIJI into Ind" whoch ..

\ p<oooclive resoorce energy dfru~ e>:lending e.ECGC 01 In limrted wns estllblished by the Government 01 Ind" 10 enh.nce expon promotion by _ o o o @ help<ng the exporters ~nd new aIIenues of inllestment.porters on the covering the risk ofe.port credit espedally to new b<Jdding e.port gfoWlh potenhl .able and help increase the overall e.cally ".porting on credit ~nandng those projects whIm are ecooo"".

"Is. cereals. ed."eum proclucls.!>e . fertilizers. wheat fertilizers."eum pWclucls. cereals. pes~ddes. com certain pelr. eeli!>e ."Is."eum proclucls. cott"" .Cana~""bon is now conlined to o o o @ certain pelr. fertilizers. cereals certain pelr. eeli!>e oils.

DeveIoj>ed coontries are not oonemecl by utililing "l>OIIr and cnpiLtl from less develot>ecl coontries a TRUE @ F~SE .

e o iii iii . development Developmentofseeds HO<1irultu.A\llicunure. except _ iii FIOIirultu.s amon9st the sectors wherein fIJI is prohibited under Government as _ as Automlloc Roote.e Fertil"".

TCB TCS.CNS CNB. TIC TTB. BS. BB. TTB.These are the dero~s under the Currency structure 01 a blink _ 0 iii iii iii CNB. TIS .

no pMndpal deposits of .. _- ..ron ore in the country are concentrated in . ....... .

a @ TRUE F~SE .lrs 1991_90(.Sooth Africll show1!d ~ very n"ll101I_ Ompon bill in the ye.

A Bo>Ird of Dire<:tors on the ECGC comprises of rejlresentatives of the iii Govemment iii .. o Banking& Insurance community F<>reign lIlinislr/ & the lIlinislr/ of Commerce iii .

Ind" recorded ~ CAGR of _ @ 0.23 00.33 o 0043 0.By 21>06.53 .

ch have recorded the hillhest l declines in in millions_ mpon values over the respective pr<Moos ye<trs in terms 01 US$ I!l I!l I!l 0 1991-92 1984-85 1981-82 1983-84 .These are the y""rs wh.

In 21lO5, in expon 9'owth the"" we,e the last l perlormin9 coontries _

o o o
@

China, Ko<ea, Ind;a Malaysia, Sjngapofn, Ko<ea Cl1ina, Japan, Ko<ea Ko<ea, Ind;a, China

The reserves & Monetary Gold under the IloII includes changes in totalloref\ln exchange reserves, whoch consists 01 _

iii iii

R~ hoidinQs

of 901d andfofei9n exmanQe

SDRs held by GOIot of India on

o o

~s

own acc<>Unt)

open mart<:et securities 0I1l1e GO'I/emment public sectof share holdin9 wiI!11l1e GO'I/emment

Amongst the impons 01 C1Ip;t;tlgoods, these goods mnked in the lirst l slots

o o o

@

electron;c 90ods, tr.nsport equipment electric 900ds, transport equipment electron;c 90ods, software systems electric 900ds, met.1 m.nuf.ctures

The problem of faceless presence hu~ggravated the problem of selling under Ind". o @ TRUE FALSE .n brand names.

Go<>'Imment aeCUlilies Lon~ term torl'O'"ate t>on<ls & clobenlures .NRlsJOCB.s COttrlleales Ol>~n mart~t u<:lllilin.aln.l"""ot r.t olIIte $awIg1l tenilk.l\lllJal Funds and Natjonal PlillllSaWlg.JU. can ""'thue on non.r_lrtl1lk>n I>lIsls unNs 01 o o o @ r.lon~y r. S8l mulUal lyndS po.

Equilibrium in the BOP exists only when _ o o o @ lI1e total debit is eClUal to lI1e total credit will10vt compensatory Of a=mmoda~n~ ""pitallranslers lI1e total 01 debils is eClUal to lI1e total of credits in absoMe & real terms lI1ere e>ists neill1er surplus nOf dendl on lI1e current lI1ere are no accoun~ not c""siderin~ tI1e acti""s "" tI1e ""p'tal account ct1an~es made In lI1e inlema~""al reserlles in Ofderto restOfe eQualily between receipts & payments on lI1e BOP .

o @ TRUE F~SE .

:::Jwhen they are "eared by rustomer .. e>:ports are recOfded au!hOlilies for shipment sincel::::.~ ~':'~"'~.In India's BOP statistics.

Goods being sent ~broad lor repair ~nd re-<mponed Ian OIItside the JlllMeW 01 the Expon R"'l"loIbons loIld down by the RBI. a @ TRUE FALSE .

value oj tr1. imports were Rs 2G67 crores iii iii witnessed a betterlood crop tr1.s .TlIe annual plans iii witnessed no o stimulaun~ eneel of devaluauon hi~h. hi\ll1estlrade defidtwas not more tr1an Rs 910 cror.rtr1an exports bytr1.

.ooorn"" if1 India.I:~~~~~~~~.~i coolrib<Jte to the hi~h cost of ".

.. 1111 CIICIIlOll••rIlOllI .~====I I~==== Softe...- IIl'lllc. forms SOFforms GR fomlS PP forms II CIl'Ma _ _ 1lIn ..1IlOCII or"" Ie.

GR IOfms W10fms .

1993 ApriI5lh.ModiOOd lERM S culmjn~ted into the United Exchange Rate System ClIme into effoct Irom 0 @ April1 s~ 1993 M"'cI11s~ 1993 0 0 May 2nd.1993 .

a @ TRUE FALSE .The International Coori of Ar1litration is the longest institution of the ICC.

The lowest trllde deOCit during the foorth Plan Period wns Rs 0 0 @ OOCwfes B5Cn>res SSCwfes BSCwres 0 .

fore.gn Tr~de en~l>Ies iii iii iii Co-operation to ".event tension amongst countries Inte~inkin~ of national interests tI1rou~h free trade iINestments in fOfeill'1 countries Sopl1isticated o nelwOfkin~ .

•If • . • • • •l• • .. o • q" • @ooo • • • • • •••~ ~ ~ ~ o .• .< ~~ ~ 'E:: • •6 • ••• • • • • • • • . . •• • • • • •• •• • • • ~ • o • • o • • • o • • • . .~ ~ • • • . . i I. . ~•• I o• •• • • . SO " ~~ •• " . · . i .. • •• "." • "• i . ·. . B '8 . U " •• " " . 5 .o ! ~ I o ~ { L. -' •... • . • • • . ~! 'i:! •! ~" •• o g8 .

19B~ 00 onward ""era~e annual imports are C:: .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

Under the Exim Policy 2002 _2007 , in order to boost agro exports, corporate sector will be encouraged to

o o o
@

sponsor AQri ExportZone QOie financial counselinQ to AQricultural Export Zooes help and Quide the AQri Export Houses

i!!£,~ times

olneed

help the AQri Export Houses to develop contacts and QOie Iree counselinQ

General~,

options are not constructed on the underljinQ market, nut ramer tonv8l"me riQht to bllf' or sell the

These are the suggestions gillen to the Government

iii iii iii

Use ¥ery simple and clear lanQuaQe in all

communicatio~s

Minimize the discretionary powers Qr.en to ollicjals A¥oid corruption in the s¥stem Centralize absolute bureaucraU< powelS in the hands of the ollieial"

o

For the implementation offoreign trade rules and regulations, circulars are issued to all such Banks that are usually referred as

o o

ADPIR Circulars ARDIP Circulars APDIR Circulars ADRIP Circulars

o

@

The measures under the Third Yearly Import Export Policy were

iii iii iii

increased liberalization olthe import 01 capital Qoods rationalization olthe REP scheme modification olthe list alOGl items decanalisation 011 0 essential1lems

o

dln~ outside India to a person resident in ..Similar~... .. ~ gUidelines India.. valuation shall be as per the . incase of the transfer of shares of listed companies from perMri re"..

::]WOOd in ani form but excluding the value added praducts of this wood was in the prohibited list of Exim Policy 1997.2002 .

countries account (0' tho hiQhest exports .

esia~ents Remittances receOied by Indian SteamshipiAinine companies from their Remittances receOied by Indian brancheVa~errts offorei~n ~ abroad o iii Remittances made by Indian sleamstrlpiairline Companies to their ollicesi - steamshipiainine companies a~ents abroad .On the BOP. Transportation credtts include _ iii iii estimated frei~ht on exports invoiced on CIFiCF basis om.

exchanQe restriction taxes and subsidies on production .eslri'!in~ smooth exchan~e of Qoods .Free Trade refers to a sttuation o iii iii iii where there is unrestricted exchanQe of Qoods and semoe.between countries Where the Government follows a policy of non-interference Where there is absence of tarin's Where there are policies quota~.

de~ adopted strate(l)l of .Export incent".es are a ".

anfsubject to scrutiny as the exports become fa'o'Vrable as small as possible under any circumstanoes and subject to scrutiny as the tradinQ balance become favorable as small as possible under any circumstances and sUbjectto scrutiny as the imports of manufactures comes down .K is the policy oUhe government to keep the negative Ksts o o o @ as small as possible under QOien circumstances and sUbiectto scrutiny as the exports become favorable as small as possible under any circumstances.

e act.'antaQe .The importance offoreign trade is Iil Broadens outlook Accelerates QroWlh Expands markets EncouraQes o Iil Iil on~ that sector wtlicM Mas " comparat".

Counties like Kazakhstan & Ukraine. amongst others were in the special focus of India's trade wtth the CIS Countries in 2IlOO_01 a @ TRUE FALSE .

The Committee appointed for mOIling towards fuller convertibility on the capttal account. namely_ ~ phase in 2006-07 phase in 2007-08 to 2008-09 phase in 2007-08 to 2008-09 phase in 2009-1 0 to 201 G-IOl1 o ~ ~ . detililed a rille_year time frame for achieving ~s objeclille in 3 phases.

..\.er its pre"ous year .Is$" in millions o." .

Reserve Bank may consider "JIplicalions in Form RFC from exporters h1llling good track record for opening foreign currency accounts wtth banks subject to certain terms and condttions. o @ TRUE FALSE .

wto.pdf . f:lir & undistorted competition http://www.org/english/thewto_e/whatis_e/ tif_e/understanding_e.:::1 is described as " s¥stem of rules to exercis~ open.

Japan. in export growth these were the last 3 performing countries _ 0 @ China. India. Korea Korea. India Mala)'Sia. Korea. China 0 0 . Korea China.In 2005. SinQapore.

Japan. Japan US.These are India's prime importers of marine products (in their order of r""king)_ o o o @ European Union. European Union US. UK. Mala¥sia Japan. SinQapore . China. US.

htm o o o @ of all 217 ITA-1 items from EHTP units to DTA ofa1l2161TA-1 items from ETP units to DTA of all 1077 ITA-1 items from DTA units to Ef1!- ofa1l1001TA-1 itemsfromDTAunitstoETP .economywatch. http://www.com/policywatch/highlight-of-exim-policy.To gille a boost of electronic hardware industry supplies these ~ems shall qualiryfor the fulfinment of the export ob~gation.

• .. ]miliion .......

o @ TRUE FALSE .No apprlMll is required to change the consignee.

Presence of Sectoral Cap!Statutory ceiling means that http://www.html o o o @ non Qovernrnent indulQence in foreiQn investrnent below" parti.ular lirnit foreiQn investrnentfrorn all sources cannot exceed a specified level statutory % offoreiQn investrnent in dornel\t'0nfrastructure ceilinQ on the lirnit offoreiQn in""strnonl in public enterprises .oocities.com/kstability/content/foreign-investment/faq-fii.

wikipedia. page 201 . 1945. • . but as per SCDL book it is 1946.The IMF was founded in 1 $!::J http://en.org/wiki/International_Monetary_Fund The IMF was formally organized on December 27.

"te sector GO¥ernment sector foreiQn sector o Iil .The Income statement consolidates the current accounts of 3 sectors of the economy namety'. Iil Iil product".e sector pr".

The import growth is o o o @ is just the same as the export QroWlh shows no siQn alposit".e development hea".'" less than the export QroWlh oI15:~% sliQhW less than export QroWlh 01 15.3% .

documentation and reporting requirements for such transfers a a a @ under the prescribed Quideline.'the GO\Iern"""." under the prescribed Quideline.tfrom time to time as may be specified by ResetYe Bank. of the Ministry of Commerce as specified and monitored b'. from time to time .The concerned parties for the transfer from resident to non_resident shaM adhere to pricing gUidelines. of the Ministry of Finan.

The Government set up this cell (called by this name) in order to prevent dumping of cheap imports at unreasonable prices _ o o o @ Directorate General of Anb-Dumpino & Allied Duties Anti dumpino cell Direct Move aoainst dumpino Direct Cell for anti-dumpino .

By the term 'resident'. whether as c~ilens or not. Kindleberger means all those actually residing in the country. a @ TRUE FALSE .

rbi.in/rdocs/notification/PDFs/34134.org.The duplicate copy of GRISOFW form should be forwarded to Reserve Bank wtth these particulars: http://rbidocs.pdf ~ Amountforwhich shipment was insured ~ Name and address of the insurance company ~ Place where the claim is payable Insurance details of the product shipped o .

a @ TRUE FALSE .A number of awards h""" been instttuted to encourage exports and to recognize exce"ence in exports.

Until 1994.ts suc~ as SMpper's shoes. accessones L:~'~'!::J exports consisted of . Qarments and .95. .alue- adde~ leaTher pmdu.

o @ TRUE FALSE . the share of export financ9 In total net bank credtt is decreasing year after year.Even though the export credtt is increasing in absolute terms.

a @ TRUE FALSE .Malhemalicallythe BOP must always balance.

o @ TRUE FALSE . 1991.There have been significant imprOllements in the structure of India's BOP and the strength of the eldern'" sector since the economic crisis of June.

p'ooidlng channels for export ofllle pro~uclS ofllle small sector ~ need was fett to successl\Jlly gel h'llh QIlalided & e. non-tiadttjonal items ~ need was fett (0. e:qIon promotion (0.:perienced personnel ~m abroad .. Year Pisn need (0...~n dependen" ruched serious propoltJons In 1M SecOfl~ F.The need for promoting mertha'" housas was IlllgelYfeR because lJf • o ~ Ille fOfe.

EEFC .

1081 IFel .

aspx?Id=240&Mode=0 .. the Banks SMuT~ noT ~pe~ any letter 01 credit or etrect any remittance unless the Oflltlit_. . . ..rbi.org. . is submitted and endorsed http://www..in/Scripts/NotificationUser.In case of any item falling under import license.

Remittance can be effected even after a lapse of 6 months provided _ iii iii iii the remittinQ bank is canoinced 'nith the reasons of delay no interest is payable forthe delayed period the conditionalities stand the same for 'lttypes vfQood. o . be IT books or bikes a Quarantee is obliQatory in case of alilemittance.

India does not really have an easy access to market intelligence and information. a @ TRUE FALSE .

The chanQe in the L:::= ~:.!Il'~!::::::J are accommo6affhQ transactions to restore equality bel+ieen receipts & payments on the BOP .

These are the main components of non_factor services _ o iii iii iii Insurance travel transportation investment semee counseljnQ .

Period of packing credtt is related to the operating cycle but tt is usually restricted to 160 days. a @ TRUE FALSE .

Imports from these counties are wtthin the top 5 posttions for India for the 1991_92 iii iii 0 iii Germani Saudi Arabia BelQium C~ .

Under Bretton Woods. the last resort as suggested by the government would be _ o o o @ revaluation devaluation internationallendinQ subsidilinQ interest rates in IoreiQn .In order to reduce chronic disequilibrium..prtal .