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DRIVE: summer 2015
PROGRAM: MBADS (SEM
3/SEM 5) MBAFLEX/ MBA (SEM 3) PGDIB (SEM 1))
SUBJECT CODE &
NAME: IB0013 –Export Import management
BK ID: B 1907
CREDIT & MARKS: 4
CREDITS, 60 MARKS
Q.1: What do you mean
by export? How many types of exports are there? Discuss.
Meaning (5 marks)
Types (5 marks)
Ans:
Meaning:
Traditionally, export is the process by which goods,
services or knowledge are traded across national and international boundaries.
Exporting is merely trading with the only difference that the customer lives in
another country. There are visible and invisible exports. The exports
Q2. Setting up an appropriate business organization
specifically dedicated to export is one of the essential requirements to
initiate export business. List the important points in setting up an export
firm and discuss them in brief.
- Listing
- Explanation
Answer:
Setting up an
appropriate business organization specifically dedicated to export is one of
the essential requirements to initiate the export business. The first question
for a prospective exporter is to decide upon the kind of business organization
they require for exporting. There can be three types of organizations: a sole
proprietary concern, a partnership firm or a company.
Q3.
Discuss the stages in processing of an export order.
(Stages
in export order) 10
Answer:
The processing
of an export order is a part of export business. There are considerable risks
involved in processing an export order; therefore, there is a need of proper
care and caution from the side of both parties while entering into an export
contract. The export order should be acknowledged, followed by a thorough
examination of items, specification, pre-shipment inspection
Q.4: Write short notes
on:
(a) Transport risk (5 marks)
(b) Credit risk (5 marks)
Meaning and effect of
transport risk
Meaning and effect of
credit risk
Ans:
Meaning and effect of
transport risk:
This risk occurs where the goods are stolen,
pilfered or damaged while in transit. Commercial marine insurance policies will
insure the goods against transport risks. These protect the
Q.5: What is the significance
of bill of lading for exporter and importer? Explain any 2 types.
Bill
of lading (5 marks)
2
types of B/L (5 marks)
Ans:
Bill of lading:
For Exporter
1. It is an acknowledgment from the shipping company
that the goods have been received for the purpose of shipment.
2. After receipt
Q.6: What
are the different types of custom duties levied on imported goods?
Explain
the types of custom duties (10 marks)
Ans:
Explain the types of custom duties
Basic custom duty: Duty which is imposed on the value of goods at a
specific rate is known as basic custom duty. It is fixed at a specified rate on
ad-valorem basis. Ad Valorem duties are
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