Arrange the following in correct sequence of shipment procedure in the exportation process. 1. The exporter reserves the required space in the vessel for shipment. 2. The exporter issues detailed instructions to the C and F agents. 3. Exporter makes arrangements for the transportation of goods to the port. 4. Necessary documents are submitted to the custom appraiser at the Custom House. 5. C and F agent obtains the Carting Order to move the cargo inside the dock. 6. Custom Examiner physically examines the shipment and then seals the packages in his presence. 7. Goods are then loaded in the ship and the Mate issues a Mate's Receipt to the Port Superintendent.

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

Arrange the following in correct sequence of pre-shipment export procedure.
1. Approaching foreign buyers
2. Inquiring and making an offer
3. The letter of credit is opened by the importer
4. Exporter obtains ta pre-shipment finance
5. Exporter arranges for the production
6. Exporter then properly packs and marks the goods with details
7. Exporter then contacts the Export Inspection Agency (EIA) to obtain a inspection certificate
8. Exporter then seeks for exemptions under central excise duty
9. Exporter then obtains the insurance cover under the ECGE
10. Exporter appoints a Clearing and Forwarding (C & F)

A

1, 2, 3, 5, 4, 6, 7, 8, 9, 10

B

10, 9, 1, 2, 3, 4, 5, 6, 7, 8

C

1, 2, 3, 4, 5, 6, 7, 8, 9, 10

D

9, 10, 2, 3, 4, 5, 6, 7, 8, 1

A ship is full of cargo containers. It drops 2/3 of cargo containers at the first port and takes 60 more, at the second port it drops two third ofthe new total and takes eleven more. On arriving at the third port it is found that it have 48 cargo containers. Find the number of cargo containers in theship at the starting?

A

189

B

159

C

161

D

153

Some envelops are gums. Some gums are seals. Some seals are adhesives. Conclusions: 1. Some envelops are seals 2. Some gums are adhesives 3. Some adhesives are seals 4. Some adhesives are gums

A

Only 3

B

Only 1

C

Only 2

D

Only 4

Statements : Some envelops are gums. Some gums are seals. Some seals are adhesives.

Conclusions :
I. Some envelopes are seals.
II. Some gums are adhesives.
III. Some adhesives are seals.
IV. Some adhesives are gums.

A

Only (III)

B

Only (I)

C

Only (II)

D

Only (IV)

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

S₁: A man handed a pair of trousers to the departmental store-clerk and said,"I'd like these altered, please".
P: He said that free alteration is not possible without a receipt.
Q: The man said,"Okay, I'd like to return the trousers". The clerk took them back and returned his money.
R: The man pushed the money and said,"Now I want to buy them". The clerk put the trousers in a bag, issued receipt and handed him both.
S: The clerk asked for the sales receipt but after searching his pockets the man replied that he had lost it.
S₆: Triumphantly he put the trousers and the receipt on the counter and said,'I'd like to have these altered, please."

The Proper sequence should be:

A

PSQR

B

PSRQ

C

QRPS

D

SPQR

Two navy ships start from the same port. Ship A travels 23 km West, then turns to its left and travels 19 km. Ship B travels 19 km West, then turns North and travels 5 km, then turns to its left and travels 4 km. Where is ship A with respect to ship B?

A

14 km South

B

24 km North

C

24 km South

D

14 km North

Arrange the following in correct sequence of import procedure.
1. Pre-import procedures are followed
2. Legal dimension of import procedure are checked
3. Retirement of import documents
4. Custom clearance for imported goods
5. Warehousing the goods
6. Import follow-up

A

1, 2, 4, 3, 5, 6

B

1, 2, 3, 4, 5, 6

C

1, 3, 2, 4, 5, 6

D

1, 4, 2, 3, 5, 6

A agrees to sell to B a specific cargo of goods supposed to be on its way from England to Bombay. It turns out that before the day of the bargain the ship conveying the cargo had been cast away and the goods lost. Neither party was aware of these facts. The agreement is

A

Voidable at the option of A

B

Voidable at the option of B

C

Void

D

Valid