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DRIVE
SUMMER 2014
PROGRAM
MBADS (SEM 3/SEM
5)
MBAFLEX/ MBA
(SEM 3)
PGDIB (SEM 1)
IB0013 –Export
Import management
Q1. Discuss the motives
and problems of international business.
(Motive, problems)
ANS:
Motives of
International Business:
Businesses undertake
international operations because of a number of benefits that arise from
international business. Motives of international business are as follows:
Q2. what are the
various modes of payment by the importer? Discuss.
(Payment by importer)
ANS:
Payment by Importer:
The most common terms of purchase are as follows:
·
Consignment Purchase
·
Cash-in-Advance
(Pre-Payment)
·
Down Payment
·
Open Account
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Q3. List the Principal
and auxiliary export documents. Explain any two auxiliary export documents.
(Listing, Explaining 2 documents)
ANS:
The export documents
are classified into three major categories:
(A) Principal
Documents
Q4. What is bill of
entry? Discuss its features.
(Meaning, features)
ANS:
Bill of Entry:
The documents involved
in Import trade in India are discussed below: There are three types of Bill of
Entry:
·
White
Bill of Entry or “Home Consumption B/E”.
·
Yellow
Bill of Entry or “Warehouse B/E.
Q5. How can the transit
risk be mitigated in export import? Explain.
(Transit risk and its
coverage)
ANS:
Transit risk and its coverage:
Marine Insurance
contract is an arrangement by which the insurance company (insurer) agrees to
indemnify the owner (insured) of a ship or cargo against risks, which are incidental
to marine adventure. Such contracts are based on the following principles:
a) EXIM bank of India
b)RBI guidelines on
post shipment finance
ANS:
Exim bank of India:
The Export-Import Bank
of India, set up for the purpose of financing, facilitating and promoting
foreign trade of India, is the principal financial institution in the country
for co-coordinating working of institutions engaged in financing exports and
imports. The present focus of the Exim Bank is on export
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