Combined

Multiple Choice Single Answer

Question

Any person applying for any License of benefit or concession under the Foreign Trade Policy

will be required to furnish :

Correct Answer

Registration cum Membership Certificate (RCMC)

Your Answer

Registration cum Membership Certificate (RCMC)

True/False

Question

In case of Free of cost imported raw material, value addition would be computed by adding

Notional Value of free of cost material to both CIF value of imports and FOB value of exports.

Correct Answer

True

Your Answer

False

Select The Blank

Question

Authorised Air Port for export consignments is________.

Correct Answer

Nagpur

Your Answer

Ranchi

Select The Blank

Question

Market Development Assistance is given to Exporters having annual Export turnover upto

Rs.________.

Correct Answer

5 Crs

Your Answer

5 Crs

Match The Following

Question

Correct Answer

Your Answer

SEZ

Special Economic Zones

Special Economic Zones

BOA

Board of Approval

Board of Administrators

EPZ

Export Processing Zones

Exempted Processing Zones

OBU

Offshore Banking Units

Offshore Banking Units

Multiple Choice Multiple Answer

Question

License holder shall furnish following details of material being imported :-

Correct Answer

Specifications , Technical Characteristics , Pricing

Your Answer

Specifications , Technical Characteristics , Quality control report of country of origin


Question

Special Economic Zones were created to :-

Correct Answer

Boost manufacturing , Augment exports , Generate employment

Your Answer

Boost manufacturing , Augment exports , Generate employment

True/False

Question

Deemed export benefits are sanctioned by DGFT without claims.

Correct Answer

False

Your Answer

False

True/False

Question

Private sector cannot develop Special Economic Zones.

Correct Answer

False

Your Answer

True


Question

Under Advance License goods imported may be used in any of the units of :-

Correct Answer

License Holder , Jobber , Supporting manufacturer

Your Answer

License Holder , Jobber


Question

The major functions of Export Promotion Council (EPC) are

Correct Answer

Provide commercial information , Organise trade fairs, exhibitions , Promote interaction between

trade and Government

Your Answer

Provide commercial information , Organise trade fairs, exhibitions , Bail out exporters in case of

losses


Question

Documents required for supplies made against Advance License are :-

Correct Answer

Xerox copy of Purchase order /Contract

Your Answer

Bank Guarantee


Question

For EOU units Disposal of used packing material will be allowed on payment of duty on :-

Correct Answer

Transaction Value

Your Answer

CIF value


Question

Import of Capital Goods is allowed for :-

Correct Answer

Jigs , Fixtures , Dies

Your Answer

Jigs , Fixtures , Dies


Question

Major function of Export Promotion Councils is :

Correct Answer

Offer Professional advise to exporters

Your Answer

Offer Professional advise to exporters


Question

Sale by EOU to SEZ units is treated as :-

Correct Answer

Physical exports

Your Answer

Deemed exports


Question

DGFT may issue Advanced License, where SION does not exists, based on self declaration,

based on :-

Correct Answer

Undertaking by the applicant , Final adjustments as per adhoc SION , Adhoc norms fixed

category

Your Answer

Final adjustments as per adhoc SION , Adhoc norms fixed category , Track record of exporter

True/False

Question

Foreign exchange earning by way of Equity Participation and donations will not be entitled for

duty credit.

Correct Answer

True

Your Answer

False


Question

FTWZ is entitled for :-

Correct Answer

Free Foreign Exchange Transactions

Your Answer

Transaction only with advance payments


Question

Objective of Foreign Trade Policy is to:

Correct Answer

Double our Share in Global Market within next 5 years

Your Answer

Double our Share in Global Market within next 5 years


Question

Under International Trade Agreements India is required to :-

Correct Answer

Eliminate Quantitative restrictions on imports

Your Answer

Eliminate Quantitative restrictions on imports

Select The Blank

Question

Foreign Trade Policy aims to act as an effective instrument of economic growth by giving thrust

to ________.

Correct Answer

Employment Generation

Your Answer

Increase trade


Question

In order to obviate need for litigation , Foreign Trade Policy lays down :

Correct Answer

Grievance Redressal Mechanism

Your Answer

Grievance Redressal Mechanism

Select The Blank

Question

Four Star Export House should have minimum export performance of Rs.________.

Correct Answer

1500 Crs

Your Answer

1500 Crs


Question

Granite sector EOU may supply capital goods inputs to :-

Correct Answer

Farms/Fields/Quarries directly

Your Answer

Manufacturing bases only

Select The Blank

Question

FTWZ is expected to address the issues of ________.

Correct Answer

Global Trading network

Your Answer

Star Trading Houses


Question

Fulfillment of Export obligation for licenses with duty saved of Rs.100 Corers or more is valid

only if :-

Correct Answer

It is 8 times the duty saved on capital goods , It is fulfilled within 12 years for issuance of license

, Initial 5% custom duty has been paid

Your Answer

It is 8 times the duty saved on capital goods , It is fulfilled within 12 years for issuance of license

, Initial 5% custom duty has been paid

Select The Blank

Question

EXIM Licensing is a________ function of Board of Trade under Foreign Trade Policy

Correct Answer

Regulatory

Your Answer

Promotional

Select The Blank

Question

Special Economic Zones will located in areas which will be technically treated as ________.

Correct Answer

Foreign Territory for applicability of domestic legislations

Your Answer

Financially independent

True/False

Question

All imported goods shall be subject to domestic laws, rules, orders, regulations.

Correct Answer

True

Your Answer

True

True/False

Question

An EPCG License holder may source capital goods from domestic leasing company.

Correct Answer

True

Your Answer

True


Question

Deemed exports is beneficial to Indian buyers because :-

Correct Answer

It reduces costs in supply chain management , After sales service is easier , Saves foreign

exchange

Your Answer

It reduces costs in supply chain management , Saves foreign exchange

True/False

Question

In Special Economic Zones Domestic Laws will not be applicable.

Correct Answer

True

Your Answer

False


Question

Export promotion units may be engaged in :-

Correct Answer

Manufacturing activities , Provision of Services , Trading activities

Your Answer

Provision of Services , Trading activities , Consultancy services


Question

Minimum investment required for FTWZ is :-

Correct Answer

100 Crorers

Your Answer

125 Croers


Question

Department of commerce allots funds to the states on following criteria:

Correct Answer

Growth in exports

Your Answer

Domestic market conditions

Select The Blank

Question

Latest EXIM policy is valid for the period of ________.

Correct Answer

2002-2007

Your Answer

2002-2007

True/False

Question

Gopalpur is the entitled sea port for export consignments.

Correct Answer

False

Your Answer

True

Select The Blank

Question

Under International Trade Agreements India is required to eliminate________ on our imports.

Correct Answer

Quantitative restrictions

Your Answer

Red tape in the transaction processing

Select The Blank

Question

Industrial cluster town of Tirupur is famous for production of ________.

Correct Answer

Hosiery items

Your Answer

Fire Crackers

Select The Blank

Question

The exporter shall furnish ________ Returns to the Registering Authorities

Correct Answer

Quarterly

Your Answer

Quarterly

True/False

Question

Sub Contracting is allowed provided products are dispatched directly form EOU premises.

Correct Answer

True

Your Answer

False

True/False

Question

Import of second hand (maximum 3 years old) capital goods are allowed.

Correct Answer

False

Your Answer

True

Match The Following

Question

Correct Answer

Your Answer

CIF

Cost Insurance Freight

Cost Insurance Freight

100% EOU

100% Export Oriented Units


SEZ

Special Economic Zone

Special Economic Zone

EPCG

Export Promotion Capital Goods

Export Promotion Credit Guarantee


Question

Under Market Development Assistance Government provides

Correct Answer

Expenses for trade fairs abroad , Expenses for buyer /sellers meet , Foreign travel

Your Answer

Expenses for trade fairs abroad , Expenses for buyer /sellers meet


Question

Benefits to Star Export Houses are

Correct Answer

Custom clearances on Self Declaration basis

Your Answer

Custom clearances on Self Declaration basis


Question

India could achieve import substitution because :-

Correct Answer

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

collaboration

Your Answer

Training of Indian professionals abroad , Technical collaboration , Expertise in IT sector

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Select The Blank Question Reduction in Export obligation will be calculated on ________ in

case lesser imports than the licensed capacity

Correct Answer Pro Rata Basis

Your Answer Pro Rata Basis

Select The Blank Question An SEZ unit will be eligible for Income Tax exemption as per

Section ________of the Income Tax Act.

Correct Answer 801 A

Your Answer 801 A

Select The Blank Question EXIM Licensing is a________ function of Board of Trade under

Foreign Trade Policy

Correct Answer Regulatory

Your Answer Regulatory

Match The Following

Question Correct Answer Your Answer

CIF Cost Insurance Freight Cost Insurance Freight

100% EOU 100% Export Oriented

Units


SEZ Special Economic Zone Special Economic Zone

EPCG Export Promotion Capital

Goods

Export Promotion Credit

Guarantee

True/False Question DGFT has opened chat window which can be assessed every second

Wednesday

Correct Answer True

Your Answer False

Select The Blank Question Authorised sea port for export consignment is ________.

Correct Answer Okha

Your Answer Pondicherry

Multiple Choice Single Answer Question Third party exports allowed, only if

Correct Answer Shipping Bill indicates name of both Manufacturer and third party

exporter

Your Answer Shipping Bill indicates name of both Manufacturer and third party

exporter

Select The Blank Question Industrial cluster town of Tirupur is famous for production of

________.

Correct Answer Hosiery items

Your Answer Hosiery items

Multiple Choice Single Answer Question Application for DEPB should be made within 12 months from :-

Correct Answer The date of exports

Your Answer The beginning of the financial year

Select The Blank Question Market Development Assistance is given to Exporters having annual

Export turnover upto Rs.________.

Correct Answer 5 Crs

Your Answer 5 Crs

Multiple Choice Multiple Answer Question Advanced Licenses are categorised as follows :-

Correct Answer Advance License , Advance Intermediate License , Advance Likens

for Deemed Exports

Your Answer Advance License , Advance Intermediate License , Advance license

for Software exports

Select The Blank

Question Authorised Air Port for export consignments is________.

Correct Answer Nagpur

Your Answer Options

Match The Following


COO Certificate of Origin Certificate of Origin

LOP Letter of Permission Letter of Permission

B of E Bill of Entry Bill of Entry

BL Bill of Lading Bill of Lading

True/False Question Pragati Maidan is Permanent Exhibition Center

Correct Answer True

Your Answer True

Multiple Choice Multiple Answer Question License holder shall furnish following details of material being

imported :-

Correct Answer Specifications , Technical Characteristics , Pricing

Your Answer Specifications , Technical Characteristics , Quality control report of

country of origin

Multiple Choice Multiple Answer Question Benefits available for supplies to Multilateral/ Bilateral Agencies

aided projects are :-

Correct Answer Advance License for Intermediate supply , Deemed export draw

back , Refund of Terminal Export Duty

Your Answer Advance License for Intermediate supply , Deemed export draw

back , Refund of Terminal Export Duty

Multiple Choice Single Answer Question Market Access Initiative ensures availability of funds

Correct Answer To support market studies by Export Promotion councils

Your Answer For exporters for buyer seller meets

Multiple Choice Single Answer Question FTWZ area will be treated as :-

Correct Answer Customs bonded

Your Answer Customs bonded

True/False Question Tools imported under Capital Goods scheme may be transferred to

any of the units or group companies of the applicant.

Correct Answer True

Your Answer False

True/False Question Export Promotion Councils are autonomous bodies and regulate

their own affairs

Correct Answer True

Your Answer True

Multiple Choice Single Answer Question FTWZ is exempt from payment of :-

Correct Answer Excise duty

Your Answer Excise duty

Multiple Choice Multiple Answer Question New or Second Hand Capital Goods are allowed for import or

export without license, provided

Correct Answer Bank Guarantee is executed , Items freely exportable under

ITC(HS) , Transactions being done by Registered Exporter

Your Answer Items freely exportable under ITC(HS) , Transactions being done by

Registered Exporter

Multiple Choice Multiple Answer Question Copies of Advance License applications for Acetic Anhydride,

Ephedrine and Pseudo ephedrine will also be submitted to :-

Correct Answer Drug Controller, New Delhi , Narcotic Commissioner Of India ,

Central Bureau of Narcotics, Gwalior

Your Answer Drug Controller, New Delhi , Narcotic Commissioner Of India ,

Police Commissioner in whose jurisdiction exporter is located

Multiple Choice Multiple Answer Question Documents required for Application to be made for supplies to

Nuclear Power projects are :-

Correct Answer Application form in Appx 12-B , Project Authority Certificate Appx

12-A , Invoice certified by Project Authority

Your Answer Application form in Appx 12-B , Project Authority Certificate Appx

12-A , Invoice certified by Project Authority

Select The Blank Question The advance license needs to be Registered with ________ before

orders are placed.

Correct Answer Customs

Your Answer Customs

True/False Question Export promotion units needs to export their entire production and

of goods and services.

Correct Answer True

Your Answer True

True/False Question In case of Free of cost imported raw material, value addition would

be computed by adding Notional Value of free of cost material to

both CIF value of imports and FOB value of exports.

Correct Answer True

Your Answer True

Multiple Choice Single Answer Question FTWZ is entitled for :-

Correct Answer Free Foreign Exchange Transactions

Your Answer Free Foreign Exchange Transactions

Multiple Choice Multiple Answer Question Government gives concessions to Export Oriented Units to enable

them to meet international competition in terms of :-

Correct Answer Pricing , Quality , Delivery

Your Answer Pricing , Quality

True/False

Question Private sector cannot develop Special Economic Zones.

Correct Answer False

Your Answer False

Multiple Choice Multiple Answer Question Special Economic Zones were created to :-

Correct Answer Boost manufacturing , Augment exports , Generate employment

Your Answer Boost manufacturing , Augment exports , Generate employment

True/False Question Deemed export benefits are sanctioned by DGFT without claims.


Your Answer True

Multiple Choice Single Answer Question DFRC is issued subject to a minimum following value addition :-

Correct Answer 0.25

Your Answer 0.25

Multiple Choice Multiple Answer Question Specific time period for fulfillment of export obligations is as

follows :-

Correct Answer Within 1 to 6 years -50% , Within 7to 8 years -Remaining 50% ,

Applicable to RS.100 Corers and below

Your Answer Within 1 to 6 years -50% , Within 7to 8 years -Remaining 50% ,

Applicable to RS.100 Corers and below

Multiple Choice Single Answer Question Export oriented units located in Export Zone/Technology park is an

:-

Correct Answer Industrial units

Your Answer Industrial units

Multiple Choice Multiple Answer Question Following are Incentives which are offered to Agriculture Exports

Correct Answer Duty Free Entitlement 5% of FOB , Free Import of Capital Goods

under EPCG , Pesticides can be imported under Advance License

Your Answer Duty Free Entitlement 5% of FOB , Free Import of Capital Goods

under EPCG , Pesticides can be imported under Advance License

Select The Blank Question Any item not restricted under ITC(HS) being send abroad for

Repairs can be ________ without any License

Correct Answer Re Exported

Your Answer Re Exported

Multiple Choice Single Answer Question In order to obviate need for litigation , Foreign Trade Policy lays

down :

Correct Answer Grievance Redressal Mechanism

Your Answer Fast track courts

Select The Blank Question Authorised ICD for export shipment is________.

Correct Answer Pitampur (Indore)

Your Answer Gaya

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

Select The Blank Question Foreign Trade Policy aims to act as an effective instrument of

economic growth by giving thrust to ________.

Correct Answer Employment Generation

Your Answer Increase trade

Multiple Choice Multiple Answer Question FTWZ is eligible for :-

Correct Answer Income Tax exemption , Service Tax exemption , Customs duty

exemption

Your Answer Income Tax exemption , Service Tax exemption

Multiple Choice Single Answer Question Royalty payments received for R&D will be counted towards :-

Correct Answer Discharge of Export Obligation

Your Answer Cost of the export produce

True/False Question Certain categories of exporters will be given double weightage for

grant of star export house

Correct Answer True

Your Answer True

True/False Question FTWZ are not allowed to carry out transactions in Free Currency.


Your Answer False

Multiple Choice Single Answer Question DGFT will permit exporters from utilising any other sea ports than

the listed ports by :-

Correct Answer Issuing Public Notice

Your Answer Issuing Public Notice


Select The Blank

Question Position Bias is a possibility in ________Questions.

Correct Answer Multiple choice

Your Answer Multiple choice

True/False

Question Data published by the audit bureau of circulation is an external

published data.

Correct Answer True

Your Answer True


Question In cluster analysis linkage is based on farthest neighbor, which is

known as :-

Correct Answer Complete linkage

Your Answer Complete linkage

Select The Blank

Question Finding out the number of vehicles at a given junction is a ________

method.

Correct Answer Direct Observation

Your Answer Direct Observation

Select The Blank

Question The ________ objectives are derived from research objectives.

Correct Answer Data

Your Answer Data


Question Main features of Technical Report are :-

Correct Answer Minute details of planning data collection , Analysis , Interpretation

Your Answer Minute details of planning data collection , Analysis , Interpretation


Question For logical concrete and helpful interpretation which things are the most

important?

Correct Answer Interpretation should be honest and undistorted , Infrequent answers

should not go unnoticed , Objective and fundamental principal should

always be dealt first

Your Answer Interpretation should be honest and undistorted , Infrequent answers

should not go unnoticed , Objective and fundamental principal should

always be dealt first

True/False

Question HTML formats uses graphics, grids, sequencing and skip patterns.

Correct Answer True

Your Answer True

Select The Blank

Question Convenience Sampling is used for ________.

Correct Answer Exploratory research

Your Answer Exploratory research


Question A list of population members used to obtain a sample is known as the:-

Correct Answer Sampling frame

Your Answer Sampling frame

True/False

Question A Show card is the identity of the researcher conducting the interview


Your Answer False


Question Over the counter drugs (OTC) are those :

Correct Answer Which consumers buy on their own without doctor's prescription

Your Answer Which consumers buy on their own without doctor's prescription


Question The responses for the 'education' of a respondent can include

Correct Answer Not disclosed , Illiterate , Literate without formal schooling

Your Answer Not disclosed , Illiterate , Literate without formal schooling


Question What is coding?

Correct Answer Assigning a code number to each possible response to the question

Your Answer Assigning a code number to each possible response to the question


Question Which publications are used for research on Chemical Industry?

Correct Answer Indian Chemical Directory , Chemical Industry News , Chemical & Petro

Chemicals Journal

Your Answer Indian Chemical Directory , Chemical Industry News , Chemical & Petro

Chemicals Journal

True/False

Question Getting the response for television viewership from a group of

respondents over the period of six months is an example of consumer

panel survey.

Correct Answer True

Your Answer True


Question Identify the Close ended question type :-

Correct Answer Scales

Your Answer Scales


Question Scale Intervals can be used for

Correct Answer Age

Your Answer Age

Match The Following


Executive Report Report for decision maker Report for decision maker

Pictographs Graphical depiction Graphical depiction

Histograph Vertical bar chart Vertical bar chart

Report for publication Report for general public Report for general public


Question A multivariate technique which attempts to ascertain the relation

between a given variable & a no of other variables is known as :-

Correct Answer Regression analysis

Your Answer Conjoint analysis

True/False

Question Reports printed by the professional bodies are external unpublished

data.


Your Answer False


Question Stimulated Test Marketing can be used in :-

Correct Answer Product Concept testing , Pilot study before National launch ,

Packaging Appropriateness

Your Answer Product Concept testing , Pilot study before National launch ,

Packaging Appropriateness


Question What are the various subparts of research objectives?

Correct Answer Research Questions , Hypothesis Development , Research Boundaries

Your Answer Hypothesis Development , Research Boundaries , Timeframe


Question Cluster analysis is used in :-

Correct Answer Market segment , Understanding buyer behavior , Selecting test

markets for various marketing strategies

Your Answer Market segment , Understanding buyer behavior , Selecting test

markets for various marketing strategies

True/False

Question Range is the simplest measure of calculation of mean.


Your Answer False


Question The types of report are

Correct Answer Technical report , Publication Report , Executive Report

Your Answer Technical report , Publication Report , Executive Report


Question Barometric methods of sales forecasting are :-

Correct Answer Historical analogy , Product like cycle concept , Survey methods

Your Answer Historical analogy , Product like cycle concept , Survey methods


Question Spontaneous response from respondent is possible in :-

Correct Answer Free response questions , Probing questions , Unstructured questions

Your Answer Free response questions , Probing questions , Unstructured questions

True/False

Question The popularity of Likert scale is due to its ease of construction and

administration.

Correct Answer True

Your Answer True


Question The preference of Sunsilk Shampoo to Clinic Plus shampoo can be

judged with :-

Correct Answer Ordinal Scale

Your Answer Ordinal Scale


Question Adhoc methods for determining Sample size are :-

Correct Answer Rules of thumb , Budget constraint , Comparable studies

Your Answer Rules of thumb , Budget constraint , Comparable studies

Select The Blank

Question The significance of Market Research is increasing due to shift from

________ competition.

Correct Answer Price to non price

Your Answer Price to non price

Select The Blank

Question Searching & Developing Alternatives is done in ________.

Correct Answer Exploratory Research

Your Answer Preliminary Research

True/False

Question The over counter drugs are those which the consumers buy their own

with Doctors advice


Your Answer False

Select The Blank

Question Kurtosis is measure of ________ or flatness of curve defined by the

frequency distribution.

Correct Answer Relative peakedness

Your Answer Relative peakedness

Select The Blank

Question Complete________ of respondent and secrecy of data should be

maintained.

Correct Answer confidentiality

Your Answer confidentiality


Question In Market Research, Research Director must oversees :-

Correct Answer Execution of research at each stage

Your Answer Execution of research at each stage


Question An ideal Questionnaire :-

Correct Answer Is short and concise , Has specific questions , Has uncluttered layout

Your Answer Is short and concise , Has specific questions , Has uncluttered layout

True/False

Question Sales quotas are set before estimation of market potential and sales

territories.


Your Answer False

True/False

Question Ratio scale does not have a zero point.


Your Answer False

Select The Blank

Question In two mode, two way data of MDS, the products can be compared on

the basis of ________ .

Correct Answer Objective and perceived attributes

Your Answer Objective and perceived attributes


Question The impact of promotional slogans on the consumers can be studied

with

Correct Answer Association technique

Your Answer Association technique

Select The Blank

Question ________ is the determinant of how people act.

Correct Answer Knowledge

Your Answer Knowledge

Select The Blank

Question The assumption that the respondents externalization is the process of

his internalization is observed in ________.

Correct Answer Thematic Apperception Test

Your Answer Thematic Apperception Test


Question Which is the institution specialising in Pharma Research?

Correct Answer Central Drug Research Institute, Lucknow

Your Answer Pharmaceutical Research Institute

Match The Following


Bharat Leather Corpn. Ltd. Agra Agra

Cashew Corporation Of

India Ltd.

Cochin Cochin

Cement Corporation Of India

Ltd.

New Delhi New Delhi

Automotive Research

Association Of India

Pune Pune


Question A multivariate Statistical technique that uses a class of procedures for

data reduction & summarization is known as :-

Correct Answer Factor analysis

Your Answer Factor analysis


True/False

Question An EPCG License holder may source capital goods from domestic

leasing company.

Correct Answer True

Your Answer True

True/False

Question Third party export also counted towards export obligation provided

address of manufacturer is mentioned in shipping bill.

Correct Answer True

Your Answer False


Question Advance License obtained against supplies made to EOU/EHTP/ STP

etc will be entitled for exemption from :-

Correct Answer Anti Dumping and Safeguard duty

Your Answer Anti Dumping and Safeguard duty

Select The Blank

Question Industrial cluster town of Tirupur is famous for production of ________.

Correct Answer Hosiery items

Your Answer Hosiery items

Match The Following


CIF Cost Insurance Freight Cost Insurance Freight

100% EOU 100% Export Oriented Units 100% Export Oriented Units

SEZ Special Economic Zone Special Economic Zone

EPCG Export Promotion Capital

Goods

Export Promotion Capital

Goods


Question New or Second Hand Capital Goods are allowed for import or export

without license, provided

Correct Answer Bank Guarantee is executed , Items freely exportable under ITC(HS) ,

Transactions being done by Registered Exporter

Your Answer Bank Guarantee is executed , Items freely exportable under ITC(HS) ,

Transactions being done by Registered Exporter


Question Advance License under Deemed exports category can be issued to

supplies made to:-

Correct Answer Aid programme under United Nations

Your Answer Aid programme under United Nations

True/False

Question Panipat has become Industrial cluster town because of manufacturing

of Curtain Material


Your Answer False


Question Deemed exports is beneficial to Indian buyers because :-

Correct Answer It reduces costs in supply chain management , After sales service is

easier , Saves foreign exchange

Your Answer It reduces costs in supply chain management , After sales service is

easier , Saves foreign exchange


Question Authorised Air Ports for export consignments are :-

Correct Answer Coimbatore , Srinagar , Varanasi

Your Answer Coimbatore , Srinagar , Varanasi


Question Under Duty Exemption Scheme following items are allowed for import

without payment of customs duty against firm export obligations :-

Correct Answer Raw Materials , Components , Packing Material

Your Answer Raw Materials , Packing Material , Technical expertise


Question Government gives concessions to Export Oriented Units to enable them

to meet international competition in terms of :-

Correct Answer Pricing , Quality , Delivery

Your Answer Pricing , Quality , Delivery

Select The Blank

Question Containers meant for packing of goods for exports are allowed for

import or export________.

Correct Answer Without any license or permission

Your Answer Without extra charges


Question Export promotion units may be allowed to import following items duty

free :-

Correct Answer Capital equipment , Raw Material , Spares

Your Answer Capital equipment , Raw Material , Spares

True/False

Question Dappar is the entitled ICD for export consignments.

Correct Answer True

Your Answer True

True/False

Question Applications received electronically will be cleared within 24 hours

Correct Answer True

Your Answer True

Select The Blank

Question For supplies of goods to multilateral agencies legal agreement provide

for tender evaluation without including ________ duties.


Your Answer Excise

True/False

Question Deemed export means supply made from India to Indian buyers against

their import entitlements.

Correct Answer True

Your Answer True

True/False

Question Export Promotion Councils are autonomous bodies and regulate their

own affairs

Correct Answer True

Your Answer True


Question Export Promotion councils will utilise financial assistance for

Correct Answer Marketing studies , Common warehousing facilities , Transport

subsidies for agriculture products

Your Answer Marketing studies , Common warehousing facilities , Foreign visits by

office bearers

Select The Blank

Question Whenever any duty free import is allowed, the importer shall execute a

________with the custom authorities

Correct Answer Bank Guarantee

Your Answer Bank Guarantee


Question DEPB means :-

Correct Answer Credit limit upto which the exporter do not have to pay Custom duty on

import

Your Answer Credit limit upto which the exporter do not have to pay Custom duty on

import

Select The Blank

Question In case of sub contractors whose name appear in the ________

contract should make supplies to Main Contractor.

Correct Answer Main

Your Answer Main


Question Non fulfillment of export obligation will lead to :-

Correct Answer Customs duty + 15% Interest pa

Your Answer Customs duty + 15% Interest pa

Select The Blank

Question The exporter shall furnish ________ Returns to the Registering

Authorities

Correct Answer Quarterly

Your Answer Quarterly

Select The Blank

Question All activities of Export Promotional units are to be undertaken in

________.

Correct Answer Bonded area

Your Answer Bonded area

Select The Blank

Question Latest EXIM policy is valid for the period of ________.

Correct Answer 2002-2007

Your Answer 2004-2009


Question Entitled LCS for export consignments are :-

Correct Answer Raxaul

Your Answer Raxaul


Question FTWZ is entitled for :-

Correct Answer Free Foreign Exchange Transactions

Your Answer Free Foreign Exchange Transactions


Question Deemed export's benefits are :-

Correct Answer Advance License , Deemed export draw back , Refund of Terminal

Export Duty

Your Answer Advance License , Deemed export draw back , Refund of Terminal

Export Duty

Select The Blank

Question Authorised ICD for export shipment is________.

Correct Answer Pitampur (Indore)

Your Answer Pitampur (Indore)


Question EOU production can be sub contracted to DTA provided :-

Correct Answer Final products are returned to EOU for exports

Your Answer Final products are returned to EOU for exports

Select The Blank

Question Foreign Trade Policy aims to act as an effective instrument of economic

growth by giving thrust to ________.

Correct Answer Employment Generation

Your Answer Employment Generation

True/False

Question DGFT may issue advance licenses on self declaration basis for import

of horn, hoof and other organ of animals.


Your Answer False


Question Imported items may be exported in the same or substantially in the

same form without specific permission, provided

Correct Answer They are imported into customs bonded warehouse , They are freely

exportable as per ITC(HS) , Payment in freely convertible currency

Your Answer They are imported into customs bonded warehouse , They are freely

exportable as per ITC(HS) , Payment in freely convertible currency

Match The Following


SIDA Swedish International

Development Agency

Swedish International

Development Agency

FERA Foreign Exchange

Regulation Act

Foreign Exchange Regulation

Act

IBRD International Bank for

Reconstruction and

International Bank for

Reconstruction and

Development Development

ADB Asian Development Bank Asian Development Bank


Question Supply of goods to nuclear power projects is termed as deemed exports

when :-

Correct Answer Projects approved through competitive bidding

Your Answer Projects approved through competitive bidding


Question FTWZ is eligible for :-

Correct Answer Income Tax exemption , Service Tax exemption , Customs duty

exemption

Your Answer Income Tax exemption , Service Tax exemption , Customs duty

exemption

Select The Blank

Question Authorised Air Port for export consignments is________.

Correct Answer Nagpur

Your Answer Nagpur


Question Export Promotion Zones were created in order to :-

Correct Answer Support Manufacturing Sector

Your Answer Support Manufacturing Sector


Question Documents required for Application to be made for supplies to Nuclear

Power projects are :-

Correct Answer Application form in Appx 12-B , Project Authority Certificate Appx 12-A ,

Invoice certified by Project Authority

Your Answer Application form in Appx 12-B , Project Authority Certificate Appx 12-A ,

Invoice certified by Project Authority


Question Special Agricultural Produce Scheme' was devised to promote

Correct Answer Export of Fruits, Vegetables and flowers

Your Answer Export of Fruits, Vegetables and flowers


Question IEC code has perpetual validity so long as there is no change in -

Correct Answer Constitution or management of the applicant

Your Answer Constitution or management of the applicant

True/False

Question SION is fixed for frequently exported goods.

Correct Answer True

Your Answer True

True/False

Question Sub Contracting is allowed provided products are dispatched directly

form EOU premises.

Correct Answer True

Your Answer True


Question Adverse factor which is hampering exports is :

Correct Answer Lack of value added processing

Your Answer Lack of value added processing


Question Under Market Access Initiatives (MAI) Central Government extends

assistance to

Correct Answer Export Promotion councils , Industry and Trade Associations , Agencies

of State Governments

Your Answer Export Promotion councils , Industry and Trade Associations , Agencies

of State Governments


Match The Following


DC Development Commissioner Development Commissioner

CVD Counter veiling duty Counter veiling duty

CFS Container Freight Station Container Freight Station

BTP Bio Tech Park Bio Tech Park


Question EOU units will be allowed to retain 100% of its export earnings in :-

Correct Answer EEFC Account

Your Answer EEFC Account


Question DGFT will permit exporters from utilising any other sea ports than the

listed ports by :-

Correct Answer Issuing Public Notice

Your Answer Issuing Public Notice

True/False

Question Export oriented units do not get any specific Income Tax concessions.


Your Answer True

True/False

Question In Special Economic Zones Domestic Laws will not be applicable.

Correct Answer True

Your Answer False


Question Small Scale Sector was given following additional facility

Correct Answer Units in this sector will be eligible for funds from MAI (Market Access

Initiative)

Your Answer Units in this sector will be eligible for funds from MAI (Market Access

Initiative)


Question Market Development Assistance is given to

Correct Answer Exporters for market development

Your Answer Industry and Trade Associations


Question Objective of Foreign Trade Policy is to:

Correct Answer Double our Share in Global Market within next 5 years

Your Answer Double our Share in Global Market within next 5 years

True/False

Question Inland freight subsidies are given in North East, Sikkim, and Jammu

and Kashmir

Correct Answer True

Your Answer False

Select The Blank

Question Special Economic Zones will be under control of the________ .

Correct Answer Development Commissioner

Your Answer Development Commissioner


Question Facilities available at Special Economic Zones are :-

Correct Answer Net foreign exchange earner , Supplies to SEZ will be treated as

physical exports and will be eligible for benefits , Goods from domestic

sector will also be duty free

Your Answer Net foreign exchange earner , Supplies to SEZ will be treated as

physical exports and will be eligible for benefits , Goods from domestic

sector will also be duty free

Select The Blank

Question Four Star Export House should have minimum export performance of

Rs.________.

Correct Answer 1500 Crs

Your Answer 1000 CRs


Question Authorised ICDs for export consignments are :-

Correct Answer Dighi , Miraj , Waluj

Your Answer Dighi , Miraj , Waluj


Question Foreign Trade Policy advises Government on :

Correct Answer Export Promotion , EPCG Scheme , Duty Exemption/Remission

Your Answer Export Promotion , EPCG Scheme , Duty Exemption/Remission

Select The Blank

Question All second hand goods, except Second Hand ________ goods, shall be

restricted for imports

Correct Answer Capital

Your Answer Capital


Question Documents required for supplies made against Advance License are :-

Correct Answer Xerox copy of Purchase order /Contract

Your Answer Bank Guarantee

True/False

Question FTWZ are not allowed to carry out transactions in Free Currency.


Your Answer False

Select The Blank

Question Special Economic Zones will located in areas which will be technically

treated as ________.

Correct Answer Foreign Territory for applicability of domestic legislations

Your Answer Independent entities


Question Authorised LCS for export consignments are :-

Correct Answer Jogbani , Sonauli , Mahadipur

Your Answer Jogbani , Sonauli , Ratangarh

True/False

Question DGFT has opened chat window which can be assessed every second

Wednesday

Correct Answer True

Your Answer True

Select The Blank

Question ARO means ________.

Correct Answer Advance Release Order

Your Answer Advance Release Order


Question Hotels, Travel agents, Travel operators are allowed to import following

under EPCG scheme :-

Correct Answer Motor Cars , Sports Utility Vehicles , All Purpose Vehicles

Your Answer Motor Cars , Sports Utility Vehicles , Spare parts of above vehicles

Match The Following


DTA Domestic Tariff Area Domestic Tariff Area

STP Software Technology Park Software Technology Park

EHTP Electronic Hardware

Technology Park

Electronic Hardware

Technology Park

FTWZ Free Trade and

Warehousing Zone

Free Trade and Warehousing

Zone


Question For Agricultural Products and their value added variants the capital

Goods will be allowed at :-

Correct Answer Zero Customs duty

Your Answer Zero Customs duty

Select The Blank

Question The advance license needs to be Registered with ________ before

orders are placed.


Your Answer Customs


Question Special Economic Zones were created to :-

Correct Answer Boost manufacturing , Augment exports , Generate employment

Your Answer Boost manufacturing , Augment exports , Generate employment

Select The Blank

Question Selected towns producing goods of Rs.________ or more will be

notified as Towns of Export Excellence

Correct Answer 1000 crs

Your Answer 1000 crs

Select The Blank

Question An SEZ unit will be eligible for Income Tax exemption as per Section

________of the Income Tax Act.

Correct Answer 801 A

Your Answer 801 A

True/False

Question EPCG means Export Packing Credit Guarantee Scheme

Correct Answer True

Your Answer False

Select The Blank

Question Duty free imports will be made on the strength of self issued ________.

Correct Answer CT3/Procurement Certificates

Your Answer Self declaration


Question Strategies for achieving objectives of Foreign Trade Policies are :

Correct Answer Simplify procedures , Generate employment opportunities in Semi

urban , Rural areas , Upgrade infrastructure network

Your Answer Simplify procedures , Generate employment opportunities in Semi

urban , Rural areas , Upgrade infrastructure network


Question Leather and footwear industry have been given following facilities :

Correct Answer Duty Free imports 5% of FOB , Effluent Treatement Plant machinery

exempt from Basic customs duty , Re export of unsuitable imported

material

Your Answer Duty Free imports 5% of FOB , Effluent Treatement Plant machinery

exempt from Basic customs duty , Re export of unsuitable imported

material


Question For supplies made to STP/EHTP units all deemed export benefits will

be claimed by DTA from :-

Correct Answer The concerned licensing authority

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


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)


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


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


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


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

Question In case of Free of cost imported raw material, value addition would be

computed by adding Notional Value of free of cost material to both CIF

value of imports and FOB value of exports.

Correct Answer True

Your Answer True


Question Board of Trade was established to ensure :

Correct Answer To advise government on issues connected with Foreign Trade

Your Answer Education of masses on export trade

True/False

Question Refund of Terminal Excise Duty is not entitled for goods supplied to

EOU/STP units.


Your Answer False


Question Major function of Export Promotion Councils is :

Correct Answer Offer Professional advise to exporters

Your Answer Offer Professional advise to exporters

True/False

Question Export promotion units are not allowed to sell in domestic market.


Your Answer False

Select The Blank

Question The total value of licenses obtained under ado norms shall not exceed

100% of________ Value of preceding years export.

Correct Answer FOB

Your Answer FOB

True/False

Question Private sector cannot develop Special Economic Zones.


Your Answer False


Question Fulfillment of Export obligation for licenses with duty saved of Rs.100

Corers or more is valid only if :-

Correct Answer It is 8 times the duty saved on capital goods , It is fulfilled within 12

years for issuance of license , Initial 5% custom duty has been paid

Your Answer It is 8 times the duty saved on capital goods , It is fulfilled within 12

years for issuance of license , Certificate from the buyer is produced to

that effect

Combined

Documents

answer ranchi

correct answer false

correct answer true

correct answer registration

correct answer specifications

correct answer jigs

correct answer undertaking

correct answer nagpur