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An exporter has to prepare the following copies of shipping bills<br>Or<br>The exporter has to fill in the Shipping Bill:
A
Singly
B
In duplicate
C
In triplicate
D
In quadruplicate
Correct Answer:
In triplicate
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
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
Under Section 63 of the Indian Evidence Act, secondary evidence includes:
1. Certified copies
2. Copies made from the original by mechanical processes, and copies compared with such copies
3. Copies made from or compared with the original
4. Counterparts of documents, as against the parties who did not execute them
5. Oral accounts of the contents of a document by a person who has seen it
A
1, 3 and 4
B
2, 3 and 4
C
1, 2 and 5
D
All of these
Statements :
Some clips are copies. Some copies are magazines. No magazines is a dictionary
Conclusions :
I. No copies are dictionary.
II. Some copies are dictionary.
III. Some copies are not dictionary.
IV. No clips are magazines.
A
Only III follows
B
Only either I or II or III follows
C
Only I follows
D
Only either I or II follows
E
None of these
One copy machine can make 20 copies a minute, and a second copy machine makes 15 copies a minute. If the two copies work together, how long would it take them to make 2100 copies?
A
60 minutes
B
105 minutes
C
122 minutes
D
140 minutes
The cost of setting up a magazine is Rs. 2800. The cost of paper and ink etc is Rs. 80 per 100 copies and printing cost is Rs. 160 per 100 copies. In last month 2000 copies were printed but only 1500 copies could be sold at Rs. 5 each. Total 25% profit on the sale price was realized. There is one more resource of income from magazine which is advertising. What sum of money obtained from the advertising in magazine?
A
Rs. 1750
B
Rs. 2350
C
Rs. 1150
D
Rs. 1975
E
None of these
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
An Indian exporter is required to fulfil which of the following requirements in order to register himself as an exporter?
1. Opening bank account with current account with a commercial bank under RBI.
2. Registrations with GST and other tax authorities.
3. Obtaining Importer-Exporter Codenumber (lEC), it is a unique 10 digit code i.e. issued by DGFT, Ministry of Commerce.
4. Obtaining Permanent Account Number.
A
1, 2, 3
B
2, 3, 1
C
1, 2, 4
D
All of the above
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.
A
1, 2, 3, 4, 5, 6, 7
B
1, 3, 2, 4, 5, 6, 7
C
1, 4, 2, 3, 5, 6, 7
D
1, 2, 3, 4, 6, 5, 7
It costs Tk. 1000 to make the first thousand copies of a book and x taka to make each additional copies. If a total of 6000 copies were made with a total cost of Tk. 5500, what is X?
A
1
B
.9
C
.8
D
.75