Download GTU (Gujarat Technological University) MBA (Master of Business Administration) 2016 Summer 4th Sem 2840502 Export Import Policy Procedure Documentation Eippd Previous Question Paper
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER (4) ? EXAMINATION ? SUMMER 2016
Subject Code:2840502 Date: 07/05/2016
Subject Name: Export Import Policy Procedure Documentation (EIPPD)
Time: 10:30 am to 1:30 pm Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q1(a) Multiple Choice Questions [6]
1. What is the safest mode of payment for an exporter?
a. Letter of credit b. Document against acceptance
c. Document against payment d. Advance payment
2. _________ is called the document of title of goods
a. Bill of lading b. Shipping bill
c. Bill of entry d. Commercial Invoice
3. DFIA is a _______________ scheme.
a. Pre Import b. Pre Export
c. Post Import d. Post Export
4. Which of the following is a commercial document?
a. Bill of Entry b. Bill of Lading
c. Shipping Bill d. ARE form
5. Which of the following risk is not covered by ECGC?
a. Insolvency of buyer b. Protracted default by the buyer
c. Loss due to nature of goods d. Cancellation of export license
6. ___________________is the best INCO Term for importer
a. FOB b. CIF
c. DDU d. DDP
Q1(b) Define the following terms [4]
a. Bill of Entry b. SEZ
c. WTO d. DDP
Q1(c) Explain the difference between FERA & FEMA. [4]
Q2(a) Explain the steps involved in processing an Export order [7]
Q2(b) Write note of the Development of WTO and the reasons for its development. [7]
OR
Q2(b) Explain the various ways in which post-shipment finance can be obtained. [7]
Q3(a) Explain in detail the EPCG Scheme. [7]
Q3(b) What is L/C? Explain the functioning of L/C. [7]
OR
Q3(a) Explain the Advance Authorization Scheme and its various provisions. [7]
Q3(b) What is Transaction Risk? Explain the various methods for managing transaction risk. [7]
Q4(a) Write a note the role of ECGC in promoting exports from India. [7]
Q4(b) What are INCO Terms? Explain in detail the ?C? and ?D? group terms. [7]
OR
Q4(a) Explain the procedure required for the custom clearance of Import cargo? [7]
Q4(b) Explain the procedure for obtaining IEC No. [7]
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1
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER (4) ? EXAMINATION ? SUMMER 2016
Subject Code:2840502 Date: 07/05/2016
Subject Name: Export Import Policy Procedure Documentation (EIPPD)
Time: 10:30 am to 1:30 pm Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q1(a) Multiple Choice Questions [6]
1. What is the safest mode of payment for an exporter?
a. Letter of credit b. Document against acceptance
c. Document against payment d. Advance payment
2. _________ is called the document of title of goods
a. Bill of lading b. Shipping bill
c. Bill of entry d. Commercial Invoice
3. DFIA is a _______________ scheme.
a. Pre Import b. Pre Export
c. Post Import d. Post Export
4. Which of the following is a commercial document?
a. Bill of Entry b. Bill of Lading
c. Shipping Bill d. ARE form
5. Which of the following risk is not covered by ECGC?
a. Insolvency of buyer b. Protracted default by the buyer
c. Loss due to nature of goods d. Cancellation of export license
6. ___________________is the best INCO Term for importer
a. FOB b. CIF
c. DDU d. DDP
Q1(b) Define the following terms [4]
a. Bill of Entry b. SEZ
c. WTO d. DDP
Q1(c) Explain the difference between FERA & FEMA. [4]
Q2(a) Explain the steps involved in processing an Export order [7]
Q2(b) Write note of the Development of WTO and the reasons for its development. [7]
OR
Q2(b) Explain the various ways in which post-shipment finance can be obtained. [7]
Q3(a) Explain in detail the EPCG Scheme. [7]
Q3(b) What is L/C? Explain the functioning of L/C. [7]
OR
Q3(a) Explain the Advance Authorization Scheme and its various provisions. [7]
Q3(b) What is Transaction Risk? Explain the various methods for managing transaction risk. [7]
Q4(a) Write a note the role of ECGC in promoting exports from India. [7]
Q4(b) What are INCO Terms? Explain in detail the ?C? and ?D? group terms. [7]
OR
Q4(a) Explain the procedure required for the custom clearance of Import cargo? [7]
Q4(b) Explain the procedure for obtaining IEC No. [7]
2
Q5 You are an exporter trading in agriculture products. While you exported a container of sesame
seed to Europe, the European Union imposed a ban of 1 year on the import of sesame seeds
from India. What will be your remedies in this case? Explain the procedure of settlement with
all options in details. [14]
OR
Q5 Shree Ram Enterprise received a confirmed export order for supplying 1 lakh pieces of shirt to
Tanzania. The company has drawn pre-shipment finance from Bank of India against the
confirmed export order. On the due date the company makes the shipment of the cargo and
prepares documents for submission. The importer accepts the documents and receives the
goods. Ram enterprise has given 60 days to credit period. On the due date the Export manager
come to know that the importer has gone bankrupt. What are the remedies that Ram enterprise
can look forward to minimize the losses?
[14]
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This post was last modified on 19 February 2020