IBO 004 EXPORT IMPORT PROCEDURES AND DOCUMENTATION December 2016 Question Paper

 

IBO 004 EXPORT IMPORT PROCEDURES AND DOCUMENTATION

December 2016 Question Paper

Time : 3 hours

Note: Answer both the Part - A and Part - B.

PART - A

1. Comment on any four of the following:

(a) Trade policy is an instrument of economic policy which aims to promote economic growth with stability in the country.

(b) Reserve Bank of India, through its exchange control regulations, regulate terms of payment in export business.

(c) Export-Import Bank complements rather than compete with commercial banks in extending credit to exporters.

(d) Exports, though profitable, is a highly risky and complex business.

(e) Export promotion programmes aim at expansion of production base for exports.

(f) Bill of Entry in import trade serves the same purpose as shipping Bill in exports.

PART - B

Answer any four of the following questions :

2. The broad objective of the Foreign Trade Policy is 20 to promote exports from India. What measures under the policy have been undertaken in recent years ? Give a detailed account of some of these measures undertaken in recent years.

3. Discuss the merits of arbitration as a method of dispute settlement. Is there any law for enforcement of foreign awards in India ? Discuss its major provisions and procedure for enforcement of

4. What are the major commercial documents ? Give a detailed description of shipping bill and commercial invoice.

5. What is involved in financing imports ? Discuss the various methods of financing available to importers. Are there any RBI regulations on this subject ?

6. What are the different stages of clearance of export cargo ? Discuss the procedures and documentation involved.

7. Write short notes on any two of the following :

(a) Simplified Export Documents

(b) Institute Cargo Clause

(c) ECGC Financial Guarantees

(d) Value Added Network Services (VANS)

 

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