Export Documentation and Procedure

1. Which of the following are included in a typical services export?

Tourism and Transportation
Sales and Forecasting
Technology and e-commerce
All of the above

2. Exports create _______

Low wage employment
High wage employment
No increase or decrease in employment
None of the above

3. If a carrier is instructed to deliver goods to an importer, a ______ bill of

lading is used.
Strength
Order
Documentary
On board

4. Which of the following is not true of a letter of credit?

It is a document
Issued by a bank
At the request of the exporter
Payable in the designated currency

5. When was the hazardous waste import – export act established?

1989
1990
1991
1992

6. What is the main purpose of export – import act?

Chemical Analysis
Regulated import export activities
Export of waste
Import of waste

7. Normally the maximum period for which packing credit advances are made is
90 days
135 days
180 days
180 days
360 days

8. A pre-shipment advance is not expected to be adjusted by

Proceeds of export bill
Export incentives
Post- shipment finance
Focal funds

9. The following is a must for an exporter

GR Form
EP Form
PP Form
GRC Form

10. Post-shipment credit in foreign currency can be availed by

Use of on-shore foreign currency funds
Banks raising foreign currency funds abroad
Exporters arranging funds aboard
Any of the above methods

11. Export ________ the percentage of total revenues coming from exports, is
not positivity correlated with company size
Intensity
Contraction
Retraction
Mediation

12. _______ can only be prepared after the proforma invoice is accepted
Commercial invoice
Packing list
Bill of lading
Consular invoice

13. Which of the following is not a basic objective of documentation in foreign

trade?
To assure that the exporter will receive the payment
To assure that the importer will receive the goods
To eliminate risk of non completion
None of the above

14. A shipping document indicating the details of the shipment and delivery of
goods and their ownership is a _______
Bill of lading
Sight draft
A letter of credit
Time draft

15. L/c must meet the requirement of the parties involved _______
Immigration, custom and government minister
The seller, the buyer and the bank
Retainer, sales executive and the bank
The seller, the bank and the exporter

16. OECD was established in _______

1956
1967
1968
1960

17. The major benefits of trade include

Reduction in transportation cost
Increases in incomes and employment
Advances in technical methods
b and c

18. Import LC is also known as _______

Letter of debt.
Bills of exchange
Open account
Letter of credit

19. Government policies are related to

Income tax
Sales tax
Both a and b
None of the above

20. Clearing and forwarding agents are an important link between _______
The exporter and various other agencies
The importer and various other agencies
Import and export of goods
All of the above

21. Cash exports mean _______

Payment in advance
Payment at sight
Payment in 90 days
None of the above

22. Uniform customs and practice is drafted by

Chamber of commerce
Reserve Bank of India
Commercial banks
None of the above

23. Airway bill is

Quasi negotiable instrument
Non negotiable instrument
Negotiable instrument
None of the above

24. AR-4 is related to

Customs declaration
Shipping line certificate
Excise declaration
None of the above

25. What is a bill of lading?

Documents mentioning date of shipping
Documents mentioning all items mentioned have been shipped
Documents mentioning objectives of shipment
None of the above