Which of the following documents are required in export documentation? 1. Commercial invoice 2. Guaranteed remittance (GR) form 3. Certificate of measurement 4. Certificate of inspection 5. Freight declaration 6. Shipping bill 7. Consular invoice 8. Certificate of origin 9. Bill of lading 10. Mate's receipt Select the correct answer

Which of the following documents are required in export documentation?1. Airway bill and transport documentation
2. Guaranteed Remittance (GR) form
3. Certificate of measurement
4. Certificate of inspection
5. Freight declaration
6. Shipping bill
7. Bill of import
8. Certificate of origin
9. Bill of lading
10. Mate's receipt
Select the correct answer

A

1, 2, 4, 5, 6, 7, 8, 9, 10

B

1, 2, 6, 7, 8, 9, 10

C

1, 2, 4, 5, 6, 7, 10

D

All of the above

Which of the following are called regulatory documents as per ADS?
1. Bill of Export (Shipping bill)
2. Receipt for payment of port charges
3. Proforma invoice
4. Shipment advice
5. Certificate of origin
6. GR form
7. Export application dock challan
Select the correct answer

A

1, 2, 3, 4, 6, 7

B

3, 4, 5, 6, 7

C

1, 2, 6, 7

D

1, 2, 3, 4, 5

Consider the following statements with respect to Railway Freight corridor projects in India:
1)The Eastern freight corridor extends from Dankuni in Bengal to Ludhiana in Punjab and it is funded by World Bank
2)The Western freight corridor extends from Jawaharlal Nehru port in Mumbai to Dadri near Delhi and it is funded by Japan International Cooperation Agency
Which of the above is/are correct?

A

1 Only

B

2 Only

C

Both 1 & 2

D

Neither 1 nor 2

Arrange the following in correct sequence of post shipment procedure in exportation process.
1. C and F agent submits the documents to the exporter.
2. Exporter intimates the importer about the shipment of goods.
3. Submission and negotiation of documents with bank.
4. Bank negotiates these documents to the importer's bank in the manner as specified in the letter of credit.
5. Documents are attested with the bill of exchange
6. The exporter gets immediate payment from his bank after signing letter of indemnity.
7. Importer receives the documentary bill of exchange, he releases the payment.
8. After receiving proceeds the exporter intimates the RBI by recording the facts on duplicate copy of GR.
9. The exporter receives subsidies and concessions if he is eligible.

A

1, 2, 3, 4, 5, 6, 7, 8, 9

B

2, 1, 3, 4, 5, 6, 7, 8, 9

C

9, 1, 2, 3, 4, 5, 6, 7, 8

D

9, 2, 1, 3, 4, 5, 6, 7, 8

Which of the following are called commercial documents as per ADS?
1. Certificate of insurance
2. Insurance declaration
3. Certificate of inspection of quality control
4. Receipt for payment of port charges
5. Preform invoice
6. Shipment advice
7. Export application dock challan
Select the correct answer

A

1, 2, 3, 5, 6, 7

B

1, 2, 3, 5, 6

C

1, 2, 3, 4, 5

D

3, 4, 5

Which of the following statement/statements is/are correct? Give correct answer:
1. An ordinary Bill can only originate in council of states
2. A Bill pending in House of people shall not lapse by reason of the prorogation of the House
3. A Bill pending in the council of state which has not been passed by the House of people shall not lapse on a dissolution of the House of the people
4. A Bill pending in the House of people shall not lapse by reason of the dissolution of the House.

A

1 and 2 are correct

B

2 and 3 are correct

C

1 and 4 are correct

D

2 and 4 are correct

When the Exchange Bank sends all the documents to its branch in the importer's country with the instruction to deliver the shipping documents to the importer against the receipt of money from him, such documents are known as:

A

D/A

B

Letter of Credit

C

D/P

D

Foreign Bill of Exchange

An exporter has to prepare the following copies of shipping bills
Or
The exporter has to fill in the Shipping Bill:

A

Singly

B

In duplicate

C

In triplicate

D

In quadruplicate

A company having paid-up share capital of rupees ten lakhs or more is required to submit a certificate to the Registrar of Companies. This certificate is called Compliance Certificate. By whom this certificate is issued?

A

Chartered Accountant

B

Company Secretary

C

Chartered Accountant and Company Secretary both

D

Registrar of Companies

The only persons who attended a meeting were four ship captains and the first mates of three of those captains . The captains were R, S, T, and W; the first mates were L, N, and V. Each first mate present spoke immediately after his or her captain . S wa

A

S, L, T, V, W, R, N

B

S, N, T, V, R, W, L

C

S, T, L, R, N, W, V

D

S, T, L, W, N, R, V