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11th Grade > Business Studies

INTERNATIONAL BUSINESS - II MCQs

Total Questions : 30 | Page 3 of 3 pages
Question 21.


Who can issue the Registration Cum Membership Certificate? 


  1.     Export Promotion Council
  2.     Federation of Indian Export Organization
  3.     Export Development Authority
  4.     All of the above 
 Discuss Question
Answer: Option D. -> All of the above 
:
D

Export Promotion Council or Federation of Indian Export Organization if not these two then there is another option of Export Development Authority. 


Question 22.


Creditworthiness is an assessment by any lender or seller to ensure that the borrower or buyer pay on time. 


  1.     True
  2.     False
 Discuss Question
Answer: Option A. -> True
:
A

True. Creditworthiness is an assessment by any lender or seller to ensure that the borrower or buyer pay on time. 


Question 23.


___ finance is a finance which the exporter needs to procure raw materials, processing and packaging them and finally transporting the consignment. 


  1.     Bill of Exchange
  2.     Pre-shipment 
  3.     Letter of Credit
  4.     None of the above
 Discuss Question
Answer: Option B. -> Pre-shipment 
:
B

Pre-shipment finance is a finance which the exporter needs to procure raw materials, processing and packaging them and finally transporting the consignment. 


Question 24.


Mr. Ram is a trader.  He trades textiles. Does Mr.Ram need an excise clearance? 


  1.     Yes
  2.     No
  3.     Excise duty 
  4.     All of the above 
 Discuss Question
Answer: Option B. -> No
:
B

No. Mr.Ram is a trader so he doesn't have to pay. Well, excise is paid on the manufacturing of goods and Mr.ram is a trader and not a manufacturer. 


Question 25.


___ is a tax paid on manufacturing goods. 


  1.     Clearance duty 
  2.     Direct tax
  3.     Excise duty 
  4.     All of the above 
 Discuss Question
Answer: Option C. -> Excise duty 
:
C

Excise duty is a tax paid on manufacturing goods. 


Question 26.


ISO 9000 is issued to organisations after a thorough check by the international standard organisations to make sure the quality is adhered to at all times for all orders. 


  1.     True 
  2.     False
  3.     Letter of Credit
  4.     None of the above
 Discuss Question
Answer: Option A. -> True 
:
A

True. ISO 9000 is issued to organisations after a thorough check by the international standard organisations to make sure the quality is adhered to at all times for all orders. 


Question 27.


Is the quality control inspection certificate a must for export. 


  1.     True 
  2.     False
  3.     Letter of Credit
  4.     None of the above
 Discuss Question
Answer: Option A. -> True 
:
A

True. It is a must to have the quality control inspection certificate is a must to export. 


Question 28.


The process of submitting documents and getting clearance to enter the dock area. 


  1.     Excise duty 
  2.     Carting Order
  3.     Customs clearance
  4.     None of the above
 Discuss Question
Answer: Option C. -> Customs clearance
:
C

The process of submitting documents and getting clearance to enter the dock area is customs clearance. 


Question 29.


Shipping order is a signal for the captain of the ship to receive the specified goods from the importer. 


  1.     True
  2.     False
  3.     Excise duty 
  4.     All of the above 
 Discuss Question
Answer: Option B. -> False
:
B

False. Shipping order is a signal for the captain of the ship to receive the specified goods from the exporter. 


Question 30.


The import license can be obtained from the Import Council. 


  1.     True
  2.     False
  3.     Customs clearance
  4.     None of the above
 Discuss Question
Answer: Option B. -> False
:
B

False. The import license can be obtained from the Directorate General of Foreign Trade. 


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