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DRIVE-SPRING
2014
PROGRAM-MBADS
(SEM 3/SEM 5) MBAFLEX/ MBAN2 (SEM 3) PGDIB (SEM 1)
SUBJECT
CODE & NAME-IB0013 –Export Import management
BK
ID-B1201
CREDIT
& MARKS-4 CREDITS, 60 MARKS
Q1.
Describe in brief the export packaging and packing. Explain with examples the
purpose of marking.
(Packing
and packaging, Marking with examples) 6, 4
Answer.
Export
packaging and packing
Packaging means packing of the
product in some container to reach the ultimate consumer. Packing means
protective covering used for transportation and shipment of goods. Packaging fulfils
a vital role in helping to get the export products to the market in the best
condition, as well as in presenting goods to overseas buyer in an
Q2.
What are the various modes of payment by the importer? Discuss.
(Modes
of payment) 10
Answer.
Modes
of payment
There is no predefined definition of personal
import. In general a personal import is a direct purchase of foreign goods from
overseas mail order companies, retailers, manufacturers or by an individual for
the purpose of personal use.
Q3.
List the Principal and auxiliary export documents. Explain any two auxiliary
export documents.
(Listing,
Explaining 2 documents) 5,5
Answer.
Principal
and auxiliary export documents
Listing
The following 16 commercial
documents involved at the pre-shipment stage can be divided into
i) Principal Export Documents
ii) Auxiliary Export Documents
Q4.
Discuss the objectives and components of Electronic data interchange.
(Objectives,
components)5,5
Answer.
Electronic
data interchange
EDI is defined as the computer to
computer transfer of commercial or administrative transactions using a
pre-defined standard to structure data related to the transaction or message
data. It is also known as “paperless trading”. „Transaction‟ in the definition
means carrying out functions like consignment instructions, payment of custom
duty, processing of duty drawback claims and export incentive applications.
“Structured Data” refers to a precise,
Q5.
Explain the risks covered and not covered under credit risk insurance.
(Risks
covered, Risks not covered) 5,5
Answer.
ECGC covers the risk of exporters
against overseas credit risks under Standard Policy and specific shipments or
specific contract policy. Shipments (Comprehensive Risks) Policy is commonly
known as the Standard Policy and is ideally suited to cover risk in respect of
goods exported on short term credit i.e. credit not exceeding 360 days. It
Q6.
Write short notes on:
a)
Pre shipment finance
b)
Post shipment finance
(Role
and benefits of Pre shipment finance, Role and benefits of Pre shipment finance)
5, 5
Answer.
a)
Pre shipment finance
Pre-shipment finance is concerned
primarily with the grant of packing credit to enable the eligible exporters to procure
raw materials and for processing, manufacturing, packing, transportation and
all such expenditure to enable them to prepare the export consignment and ship
it. Broad guidelines of Reserve Bank of India with regard to packing credit finance
are as under:
