Multiple Choice Single Answer
Question
Any person applying for any License of benefit or concession under the Foreign Trade Policy
will be required to furnish :
Correct Answer
Registration cum Membership Certificate (RCMC)
Your Answer
Registration cum Membership Certificate (RCMC)
True/False
Question
In case of Free of cost imported raw material, value addition would be computed by adding
Notional Value of free of cost material to both CIF value of imports and FOB value of exports.
Correct Answer
True
Your Answer
False
Select The Blank
Question
Authorised Air Port for export consignments is________.
Correct Answer
Nagpur
Your Answer
Ranchi
Select The Blank
Question
Market Development Assistance is given to Exporters having annual Export turnover upto
Rs.________.
Correct Answer
5 Crs
Your Answer
5 Crs
Match The Following
Question
Correct Answer
Your Answer
SEZ
Special Economic Zones
Special Economic Zones
BOA
Board of Approval
Board of Administrators
EPZ
Export Processing Zones
Exempted Processing Zones
OBU
Offshore Banking Units
Offshore Banking Units
Multiple Choice Multiple Answer
Question
License holder shall furnish following details of material being imported :-
Correct Answer
Specifications , Technical Characteristics , Pricing
Your Answer
Specifications , Technical Characteristics , Quality control report of country of origin
Multiple Choice Multiple Answer
Question
Special Economic Zones were created to :-
Correct Answer
Boost manufacturing , Augment exports , Generate employment
Your Answer
Boost manufacturing , Augment exports , Generate employment
True/False
Question
Deemed export benefits are sanctioned by DGFT without claims.
Correct Answer
False
Your Answer
False
True/False
Question
Private sector cannot develop Special Economic Zones.
Correct Answer
False
Your Answer
True
Multiple Choice Multiple Answer
Question
Under Advance License goods imported may be used in any of the units of :-
Correct Answer
License Holder , Jobber , Supporting manufacturer
Your Answer
License Holder , Jobber
Multiple Choice Multiple Answer
Question
The major functions of Export Promotion Council (EPC) are
Correct Answer
Provide commercial information , Organise trade fairs, exhibitions , Promote interaction between
trade and Government
Your Answer
Provide commercial information , Organise trade fairs, exhibitions , Bail out exporters in case of
losses
Multiple Choice Single Answer
Question
Documents required for supplies made against Advance License are :-
Correct Answer
Xerox copy of Purchase order /Contract
Your Answer
Bank Guarantee
Multiple Choice Single Answer
Question
For EOU units Disposal of used packing material will be allowed on payment of duty on :-
Correct Answer
Transaction Value
Your Answer
CIF value
Multiple Choice Multiple Answer
Question
Import of Capital Goods is allowed for :-
Correct Answer
Jigs , Fixtures , Dies
Your Answer
Jigs , Fixtures , Dies
Multiple Choice Single Answer
Question
Major function of Export Promotion Councils is :
Correct Answer
Offer Professional advise to exporters
Your Answer
Offer Professional advise to exporters
Multiple Choice Single Answer
Question
Sale by EOU to SEZ units is treated as :-
Correct Answer
Physical exports
Your Answer
Deemed exports
Multiple Choice Multiple Answer
Question
DGFT may issue Advanced License, where SION does not exists, based on self declaration,
based on :-
Correct Answer
Undertaking by the applicant , Final adjustments as per adhoc SION , Adhoc norms fixed
category
Your Answer
Final adjustments as per adhoc SION , Adhoc norms fixed category , Track record of exporter
True/False
Question
Foreign exchange earning by way of Equity Participation and donations will not be entitled for
duty credit.
Correct Answer
True
Your Answer
False
Multiple Choice Single Answer
Question
FTWZ is entitled for :-
Correct Answer
Free Foreign Exchange Transactions
Your Answer
Transaction only with advance payments
Multiple Choice Single Answer
Question
Objective of Foreign Trade Policy is to:
Correct Answer
Double our Share in Global Market within next 5 years
Your Answer
Double our Share in Global Market within next 5 years
Multiple Choice Single Answer
Question
Under International Trade Agreements India is required to :-
Correct Answer
Eliminate Quantitative restrictions on imports
Your Answer
Eliminate Quantitative restrictions on imports
Select The Blank
Question
Foreign Trade Policy aims to act as an effective instrument of economic growth by giving thrust
to ________.
Correct Answer
Employment Generation
Your Answer
Increase trade
Multiple Choice Single Answer
Question
In order to obviate need for litigation , Foreign Trade Policy lays down :
Correct Answer
Grievance Redressal Mechanism
Your Answer
Grievance Redressal Mechanism
Select The Blank
Question
Four Star Export House should have minimum export performance of Rs.________.
Correct Answer
1500 Crs
Your Answer
1500 Crs
Multiple Choice Single Answer
Question
Granite sector EOU may supply capital goods inputs to :-
Correct Answer
Farms/Fields/Quarries directly
Your Answer
Manufacturing bases only
Select The Blank
Question
FTWZ is expected to address the issues of ________.
Correct Answer
Global Trading network
Your Answer
Star Trading Houses
Multiple Choice Multiple Answer
Question
Fulfillment of Export obligation for licenses with duty saved of Rs.100 Corers or more is valid
only if :-
Correct Answer
It is 8 times the duty saved on capital goods , It is fulfilled within 12 years for issuance of license
, Initial 5% custom duty has been paid
Your Answer
It is 8 times the duty saved on capital goods , It is fulfilled within 12 years for issuance of license
, Initial 5% custom duty has been paid
Select The Blank
Question
EXIM Licensing is a________ function of Board of Trade under Foreign Trade Policy
Correct Answer
Regulatory
Your Answer
Promotional
Select The Blank
Question
Special Economic Zones will located in areas which will be technically treated as ________.
Correct Answer
Foreign Territory for applicability of domestic legislations
Your Answer
Financially independent
True/False
Question
All imported goods shall be subject to domestic laws, rules, orders, regulations.
Correct Answer
True
Your Answer
True
True/False
Question
An EPCG License holder may source capital goods from domestic leasing company.
Correct Answer
True
Your Answer
True
Multiple Choice Multiple Answer
Question
Deemed exports is beneficial to Indian buyers because :-
Correct Answer
It reduces costs in supply chain management , After sales service is easier , Saves foreign
exchange
Your Answer
It reduces costs in supply chain management , Saves foreign exchange
True/False
Question
In Special Economic Zones Domestic Laws will not be applicable.
Correct Answer
True
Your Answer
False
Multiple Choice Multiple Answer
Question
Export promotion units may be engaged in :-
Correct Answer
Manufacturing activities , Provision of Services , Trading activities
Your Answer
Provision of Services , Trading activities , Consultancy services
Multiple Choice Single Answer
Question
Minimum investment required for FTWZ is :-
Correct Answer
100 Crorers
Your Answer
125 Croers
Multiple Choice Single Answer
Question
Department of commerce allots funds to the states on following criteria:
Correct Answer
Growth in exports
Your Answer
Domestic market conditions
Select The Blank
Question
Latest EXIM policy is valid for the period of ________.
Correct Answer
2002-2007
Your Answer
2002-2007
True/False
Question
Gopalpur is the entitled sea port for export consignments.
Correct Answer
False
Your Answer
True
Select The Blank
Question
Under International Trade Agreements India is required to eliminate________ on our imports.
Correct Answer
Quantitative restrictions
Your Answer
Red tape in the transaction processing
Select The Blank
Question
Industrial cluster town of Tirupur is famous for production of ________.
Correct Answer
Hosiery items
Your Answer
Fire Crackers
Select The Blank
Question
The exporter shall furnish ________ Returns to the Registering Authorities
Correct Answer
Quarterly
Your Answer
Quarterly
True/False
Question
Sub Contracting is allowed provided products are dispatched directly form EOU premises.
Correct Answer
True
Your Answer
False
True/False
Question
Import of second hand (maximum 3 years old) capital goods are allowed.
Correct Answer
False
Your Answer
True
Match The Following
Question
Correct Answer
Your Answer
CIF
Cost Insurance Freight
Cost Insurance Freight
100% EOU
100% Export Oriented Units
100% Export Oriented Units
SEZ
Special Economic Zone
Special Economic Zone
EPCG
Export Promotion Capital Goods
Export Promotion Credit Guarantee
Multiple Choice Multiple Answer
Question
Under Market Development Assistance Government provides
Correct Answer
Expenses for trade fairs abroad , Expenses for buyer /sellers meet , Foreign travel
Your Answer
Expenses for trade fairs abroad , Expenses for buyer /sellers meet
Multiple Choice Single Answer
Question
Benefits to Star Export Houses are
Correct Answer
Custom clearances on Self Declaration basis
Your Answer
Custom clearances on Self Declaration basis
Multiple Choice Multiple Answer
Question
India could achieve import substitution because :-
Correct Answer
Concessions given on Technology transfer , Training of Indian professionals abroad , Technical
collaboration
Your Answer
Training of Indian professionals abroad , Technical collaboration , Expertise in IT sector
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Select The Blank Question Reduction in Export obligation will be calculated on ________ in
case lesser imports than the licensed capacity
Correct Answer Pro Rata Basis
Your Answer Pro Rata Basis
Select The Blank Question An SEZ unit will be eligible for Income Tax exemption as per
Section ________of the Income Tax Act.
Correct Answer 801 A
Your Answer 801 A
Select The Blank Question EXIM Licensing is a________ function of Board of Trade under
Foreign Trade Policy
Correct Answer Regulatory
Your Answer Regulatory
Match The Following
Question Correct Answer Your Answer
CIF Cost Insurance Freight Cost Insurance Freight
100% EOU 100% Export Oriented
Units
100% Export Oriented Units
SEZ Special Economic Zone Special Economic Zone
EPCG Export Promotion Capital
Goods
Export Promotion Credit
Guarantee
True/False Question DGFT has opened chat window which can be assessed every second
Wednesday
Correct Answer True
Your Answer False
Select The Blank Question Authorised sea port for export consignment is ________.
Correct Answer Okha
Your Answer Pondicherry
Multiple Choice Single Answer Question Third party exports allowed, only if
Correct Answer Shipping Bill indicates name of both Manufacturer and third party
exporter
Your Answer Shipping Bill indicates name of both Manufacturer and third party
exporter
Select The Blank Question Industrial cluster town of Tirupur is famous for production of
________.
Correct Answer Hosiery items
Your Answer Hosiery items
Multiple Choice Single Answer Question Application for DEPB should be made within 12 months from :-
Correct Answer The date of exports
Your Answer The beginning of the financial year
Select The Blank Question Market Development Assistance is given to Exporters having annual
Export turnover upto Rs.________.
Correct Answer 5 Crs
Your Answer 5 Crs
Multiple Choice Multiple Answer Question Advanced Licenses are categorised as follows :-
Correct Answer Advance License , Advance Intermediate License , Advance Likens
for Deemed Exports
Your Answer Advance License , Advance Intermediate License , Advance license
for Software exports
Select The Blank
Question Authorised Air Port for export consignments is________.
Correct Answer Nagpur
Your Answer Options
Match The Following
Question Correct Answer Your Answer
COO Certificate of Origin Certificate of Origin
LOP Letter of Permission Letter of Permission
B of E Bill of Entry Bill of Entry
BL Bill of Lading Bill of Lading
True/False Question Pragati Maidan is Permanent Exhibition Center
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer Question License holder shall furnish following details of material being
imported :-
Correct Answer Specifications , Technical Characteristics , Pricing
Your Answer Specifications , Technical Characteristics , Quality control report of
country of origin
Multiple Choice Multiple Answer Question Benefits available for supplies to Multilateral/ Bilateral Agencies
aided projects are :-
Correct Answer Advance License for Intermediate supply , Deemed export draw
back , Refund of Terminal Export Duty
Your Answer Advance License for Intermediate supply , Deemed export draw
back , Refund of Terminal Export Duty
Multiple Choice Single Answer Question Market Access Initiative ensures availability of funds
Correct Answer To support market studies by Export Promotion councils
Your Answer For exporters for buyer seller meets
Multiple Choice Single Answer Question FTWZ area will be treated as :-
Correct Answer Customs bonded
Your Answer Customs bonded
True/False Question Tools imported under Capital Goods scheme may be transferred to
any of the units or group companies of the applicant.
Correct Answer True
Your Answer False
True/False Question Export Promotion Councils are autonomous bodies and regulate
their own affairs
Correct Answer True
Your Answer True
Multiple Choice Single Answer Question FTWZ is exempt from payment of :-
Correct Answer Excise duty
Your Answer Excise duty
Multiple Choice Multiple Answer Question New or Second Hand Capital Goods are allowed for import or
export without license, provided
Correct Answer Bank Guarantee is executed , Items freely exportable under
ITC(HS) , Transactions being done by Registered Exporter
Your Answer Items freely exportable under ITC(HS) , Transactions being done by
Registered Exporter
Multiple Choice Multiple Answer Question Copies of Advance License applications for Acetic Anhydride,
Ephedrine and Pseudo ephedrine will also be submitted to :-
Correct Answer Drug Controller, New Delhi , Narcotic Commissioner Of India ,
Central Bureau of Narcotics, Gwalior
Your Answer Drug Controller, New Delhi , Narcotic Commissioner Of India ,
Police Commissioner in whose jurisdiction exporter is located
Multiple Choice Multiple Answer Question Documents required for Application to be made for supplies to
Nuclear Power projects are :-
Correct Answer Application form in Appx 12-B , Project Authority Certificate Appx
12-A , Invoice certified by Project Authority
Your Answer Application form in Appx 12-B , Project Authority Certificate Appx
12-A , Invoice certified by Project Authority
Select The Blank Question The advance license needs to be Registered with ________ before
orders are placed.
Correct Answer Customs
Your Answer Customs
True/False Question Export promotion units needs to export their entire production and
of goods and services.
Correct Answer True
Your Answer True
True/False Question In case of Free of cost imported raw material, value addition would
be computed by adding Notional Value of free of cost material to
both CIF value of imports and FOB value of exports.
Correct Answer True
Your Answer True
Multiple Choice Single Answer Question FTWZ is entitled for :-
Correct Answer Free Foreign Exchange Transactions
Your Answer Free Foreign Exchange Transactions
Multiple Choice Multiple Answer Question Government gives concessions to Export Oriented Units to enable
them to meet international competition in terms of :-
Correct Answer Pricing , Quality , Delivery
Your Answer Pricing , Quality
True/False
Question Private sector cannot develop Special Economic Zones.
Correct Answer False
Your Answer False
Multiple Choice Multiple Answer Question Special Economic Zones were created to :-
Correct Answer Boost manufacturing , Augment exports , Generate employment
Your Answer Boost manufacturing , Augment exports , Generate employment
True/False Question Deemed export benefits are sanctioned by DGFT without claims.
Correct Answer False
Your Answer True
Multiple Choice Single Answer Question DFRC is issued subject to a minimum following value addition :-
Correct Answer 0.25
Your Answer 0.25
Multiple Choice Multiple Answer Question Specific time period for fulfillment of export obligations is as
follows :-
Correct Answer Within 1 to 6 years -50% , Within 7to 8 years -Remaining 50% ,
Applicable to RS.100 Corers and below
Your Answer Within 1 to 6 years -50% , Within 7to 8 years -Remaining 50% ,
Applicable to RS.100 Corers and below
Multiple Choice Single Answer Question Export oriented units located in Export Zone/Technology park is an
:-
Correct Answer Industrial units
Your Answer Industrial units
Multiple Choice Multiple Answer Question Following are Incentives which are offered to Agriculture Exports
Correct Answer Duty Free Entitlement 5% of FOB , Free Import of Capital Goods
under EPCG , Pesticides can be imported under Advance License
Your Answer Duty Free Entitlement 5% of FOB , Free Import of Capital Goods
under EPCG , Pesticides can be imported under Advance License
Select The Blank Question Any item not restricted under ITC(HS) being send abroad for
Repairs can be ________ without any License
Correct Answer Re Exported
Your Answer Re Exported
Multiple Choice Single Answer Question In order to obviate need for litigation , Foreign Trade Policy lays
down :
Correct Answer Grievance Redressal Mechanism
Your Answer Fast track courts
Select The Blank Question Authorised ICD for export shipment is________.
Correct Answer Pitampur (Indore)
Your Answer Gaya
Multiple Choice Single Answer Question Capital goods are allowed for imports / exports without license, on
execution of LUT/BG, provided -
Correct Answer It is freely exportable as per ITC(HC)
Your Answer It is freely exportable as per ITC(HC)
Multiple Choice Multiple Answer Question An SEZ unit may :-
Correct Answer Transfer goods to another unit within zone , May sub contract part
of the production within the zone , May sub contract part of the
production abroad
Your Answer Transfer goods to another unit within zone , May sub contract part
of the production within the zone
Select The Blank Question Foreign Trade Policy aims to act as an effective instrument of
economic growth by giving thrust to ________.
Correct Answer Employment Generation
Your Answer Increase trade
Multiple Choice Multiple Answer Question FTWZ is eligible for :-
Correct Answer Income Tax exemption , Service Tax exemption , Customs duty
exemption
Your Answer Income Tax exemption , Service Tax exemption
Multiple Choice Single Answer Question Royalty payments received for R&D will be counted towards :-
Correct Answer Discharge of Export Obligation
Your Answer Cost of the export produce
True/False Question Certain categories of exporters will be given double weightage for
grant of star export house
Correct Answer True
Your Answer True
True/False Question FTWZ are not allowed to carry out transactions in Free Currency.
Correct Answer False
Your Answer False
Multiple Choice Single Answer Question DGFT will permit exporters from utilising any other sea ports than
the listed ports by :-
Correct Answer Issuing Public Notice
Your Answer Issuing Public Notice
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Select The Blank
Question Position Bias is a possibility in ________Questions.
Correct Answer Multiple choice
Your Answer Multiple choice
True/False
Question Data published by the audit bureau of circulation is an external
published data.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question In cluster analysis linkage is based on farthest neighbor, which is
known as :-
Correct Answer Complete linkage
Your Answer Complete linkage
Select The Blank
Question Finding out the number of vehicles at a given junction is a ________
method.
Correct Answer Direct Observation
Your Answer Direct Observation
Select The Blank
Question The ________ objectives are derived from research objectives.
Correct Answer Data
Your Answer Data
Multiple Choice Multiple Answer
Question Main features of Technical Report are :-
Correct Answer Minute details of planning data collection , Analysis , Interpretation
Your Answer Minute details of planning data collection , Analysis , Interpretation
Multiple Choice Multiple Answer
Question For logical concrete and helpful interpretation which things are the most
important?
Correct Answer Interpretation should be honest and undistorted , Infrequent answers
should not go unnoticed , Objective and fundamental principal should
always be dealt first
Your Answer Interpretation should be honest and undistorted , Infrequent answers
should not go unnoticed , Objective and fundamental principal should
always be dealt first
True/False
Question HTML formats uses graphics, grids, sequencing and skip patterns.
Correct Answer True
Your Answer True
Select The Blank
Question Convenience Sampling is used for ________.
Correct Answer Exploratory research
Your Answer Exploratory research
Multiple Choice Single Answer
Question A list of population members used to obtain a sample is known as the:-
Correct Answer Sampling frame
Your Answer Sampling frame
True/False
Question A Show card is the identity of the researcher conducting the interview
Correct Answer False
Your Answer False
Multiple Choice Single Answer
Question Over the counter drugs (OTC) are those :
Correct Answer Which consumers buy on their own without doctor's prescription
Your Answer Which consumers buy on their own without doctor's prescription
Multiple Choice Multiple Answer
Question The responses for the 'education' of a respondent can include
Correct Answer Not disclosed , Illiterate , Literate without formal schooling
Your Answer Not disclosed , Illiterate , Literate without formal schooling
Multiple Choice Single Answer
Question What is coding?
Correct Answer Assigning a code number to each possible response to the question
Your Answer Assigning a code number to each possible response to the question
Multiple Choice Multiple Answer
Question Which publications are used for research on Chemical Industry?
Correct Answer Indian Chemical Directory , Chemical Industry News , Chemical & Petro
Chemicals Journal
Your Answer Indian Chemical Directory , Chemical Industry News , Chemical & Petro
Chemicals Journal
True/False
Question Getting the response for television viewership from a group of
respondents over the period of six months is an example of consumer
panel survey.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question Identify the Close ended question type :-
Correct Answer Scales
Your Answer Scales
Multiple Choice Single Answer
Question Scale Intervals can be used for
Correct Answer Age
Your Answer Age
Match The Following
Question Correct Answer Your Answer
Executive Report Report for decision maker Report for decision maker
Pictographs Graphical depiction Graphical depiction
Histograph Vertical bar chart Vertical bar chart
Report for publication Report for general public Report for general public
Multiple Choice Single Answer
Question A multivariate technique which attempts to ascertain the relation
between a given variable & a no of other variables is known as :-
Correct Answer Regression analysis
Your Answer Conjoint analysis
True/False
Question Reports printed by the professional bodies are external unpublished
data.
Correct Answer False
Your Answer False
Multiple Choice Multiple Answer
Question Stimulated Test Marketing can be used in :-
Correct Answer Product Concept testing , Pilot study before National launch ,
Packaging Appropriateness
Your Answer Product Concept testing , Pilot study before National launch ,
Packaging Appropriateness
Multiple Choice Multiple Answer
Question What are the various subparts of research objectives?
Correct Answer Research Questions , Hypothesis Development , Research Boundaries
Your Answer Hypothesis Development , Research Boundaries , Timeframe
Multiple Choice Multiple Answer
Question Cluster analysis is used in :-
Correct Answer Market segment , Understanding buyer behavior , Selecting test
markets for various marketing strategies
Your Answer Market segment , Understanding buyer behavior , Selecting test
markets for various marketing strategies
True/False
Question Range is the simplest measure of calculation of mean.
Correct Answer False
Your Answer False
Multiple Choice Multiple Answer
Question The types of report are
Correct Answer Technical report , Publication Report , Executive Report
Your Answer Technical report , Publication Report , Executive Report
Multiple Choice Multiple Answer
Question Barometric methods of sales forecasting are :-
Correct Answer Historical analogy , Product like cycle concept , Survey methods
Your Answer Historical analogy , Product like cycle concept , Survey methods
Multiple Choice Multiple Answer
Question Spontaneous response from respondent is possible in :-
Correct Answer Free response questions , Probing questions , Unstructured questions
Your Answer Free response questions , Probing questions , Unstructured questions
True/False
Question The popularity of Likert scale is due to its ease of construction and
administration.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question The preference of Sunsilk Shampoo to Clinic Plus shampoo can be
judged with :-
Correct Answer Ordinal Scale
Your Answer Ordinal Scale
Multiple Choice Multiple Answer
Question Adhoc methods for determining Sample size are :-
Correct Answer Rules of thumb , Budget constraint , Comparable studies
Your Answer Rules of thumb , Budget constraint , Comparable studies
Select The Blank
Question The significance of Market Research is increasing due to shift from
________ competition.
Correct Answer Price to non price
Your Answer Price to non price
Select The Blank
Question Searching & Developing Alternatives is done in ________.
Correct Answer Exploratory Research
Your Answer Preliminary Research
True/False
Question The over counter drugs are those which the consumers buy their own
with Doctors advice
Correct Answer False
Your Answer False
Select The Blank
Question Kurtosis is measure of ________ or flatness of curve defined by the
frequency distribution.
Correct Answer Relative peakedness
Your Answer Relative peakedness
Select The Blank
Question Complete________ of respondent and secrecy of data should be
maintained.
Correct Answer confidentiality
Your Answer confidentiality
Multiple Choice Single Answer
Question In Market Research, Research Director must oversees :-
Correct Answer Execution of research at each stage
Your Answer Execution of research at each stage
Multiple Choice Multiple Answer
Question An ideal Questionnaire :-
Correct Answer Is short and concise , Has specific questions , Has uncluttered layout
Your Answer Is short and concise , Has specific questions , Has uncluttered layout
True/False
Question Sales quotas are set before estimation of market potential and sales
territories.
Correct Answer False
Your Answer False
True/False
Question Ratio scale does not have a zero point.
Correct Answer False
Your Answer False
Select The Blank
Question In two mode, two way data of MDS, the products can be compared on
the basis of ________ .
Correct Answer Objective and perceived attributes
Your Answer Objective and perceived attributes
Multiple Choice Single Answer
Question The impact of promotional slogans on the consumers can be studied
with
Correct Answer Association technique
Your Answer Association technique
Select The Blank
Question ________ is the determinant of how people act.
Correct Answer Knowledge
Your Answer Knowledge
Select The Blank
Question The assumption that the respondents externalization is the process of
his internalization is observed in ________.
Correct Answer Thematic Apperception Test
Your Answer Thematic Apperception Test
Multiple Choice Single Answer
Question Which is the institution specialising in Pharma Research?
Correct Answer Central Drug Research Institute, Lucknow
Your Answer Pharmaceutical Research Institute
Match The Following
Question Correct Answer Your Answer
Bharat Leather Corpn. Ltd. Agra Agra
Cashew Corporation Of
India Ltd.
Cochin Cochin
Cement Corporation Of India
Ltd.
New Delhi New Delhi
Automotive Research
Association Of India
Pune Pune
Multiple Choice Single Answer
Question A multivariate Statistical technique that uses a class of procedures for
data reduction & summarization is known as :-
Correct Answer Factor analysis
Your Answer Factor analysis
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question An EPCG License holder may source capital goods from domestic
leasing company.
Correct Answer True
Your Answer True
True/False
Question Third party export also counted towards export obligation provided
address of manufacturer is mentioned in shipping bill.
Correct Answer True
Your Answer False
Multiple Choice Single Answer
Question Advance License obtained against supplies made to EOU/EHTP/ STP
etc will be entitled for exemption from :-
Correct Answer Anti Dumping and Safeguard duty
Your Answer Anti Dumping and Safeguard duty
Select The Blank
Question Industrial cluster town of Tirupur is famous for production of ________.
Correct Answer Hosiery items
Your Answer Hosiery items
Match The Following
Question Correct Answer Your Answer
CIF Cost Insurance Freight Cost Insurance Freight
100% EOU 100% Export Oriented Units 100% Export Oriented Units
SEZ Special Economic Zone Special Economic Zone
EPCG Export Promotion Capital
Goods
Export Promotion Capital
Goods
Multiple Choice Multiple Answer
Question New or Second Hand Capital Goods are allowed for import or export
without license, provided
Correct Answer Bank Guarantee is executed , Items freely exportable under ITC(HS) ,
Transactions being done by Registered Exporter
Your Answer Bank Guarantee is executed , Items freely exportable under ITC(HS) ,
Transactions being done by Registered Exporter
Multiple Choice Single Answer
Question Advance License under Deemed exports category can be issued to
supplies made to:-
Correct Answer Aid programme under United Nations
Your Answer Aid programme under United Nations
True/False
Question Panipat has become Industrial cluster town because of manufacturing
of Curtain Material
Correct Answer False
Your Answer False
Multiple Choice Multiple Answer
Question Deemed exports is beneficial to Indian buyers because :-
Correct Answer It reduces costs in supply chain management , After sales service is
easier , Saves foreign exchange
Your Answer It reduces costs in supply chain management , After sales service is
easier , Saves foreign exchange
Multiple Choice Multiple Answer
Question Authorised Air Ports for export consignments are :-
Correct Answer Coimbatore , Srinagar , Varanasi
Your Answer Coimbatore , Srinagar , Varanasi
Multiple Choice Multiple Answer
Question Under Duty Exemption Scheme following items are allowed for import
without payment of customs duty against firm export obligations :-
Correct Answer Raw Materials , Components , Packing Material
Your Answer Raw Materials , Packing Material , Technical expertise
Multiple Choice Multiple Answer
Question Government gives concessions to Export Oriented Units to enable them
to meet international competition in terms of :-
Correct Answer Pricing , Quality , Delivery
Your Answer Pricing , Quality , Delivery
Select The Blank
Question Containers meant for packing of goods for exports are allowed for
import or export________.
Correct Answer Without any license or permission
Your Answer Without extra charges
Multiple Choice Multiple Answer
Question Export promotion units may be allowed to import following items duty
free :-
Correct Answer Capital equipment , Raw Material , Spares
Your Answer Capital equipment , Raw Material , Spares
True/False
Question Dappar is the entitled ICD for export consignments.
Correct Answer True
Your Answer True
True/False
Question Applications received electronically will be cleared within 24 hours
Correct Answer True
Your Answer True
Select The Blank
Question For supplies of goods to multilateral agencies legal agreement provide
for tender evaluation without including ________ duties.
Correct Answer Customs
Your Answer Excise
True/False
Question Deemed export means supply made from India to Indian buyers against
their import entitlements.
Correct Answer True
Your Answer True
True/False
Question Export Promotion Councils are autonomous bodies and regulate their
own affairs
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question Export Promotion councils will utilise financial assistance for
Correct Answer Marketing studies , Common warehousing facilities , Transport
subsidies for agriculture products
Your Answer Marketing studies , Common warehousing facilities , Foreign visits by
office bearers
Select The Blank
Question Whenever any duty free import is allowed, the importer shall execute a
________with the custom authorities
Correct Answer Bank Guarantee
Your Answer Bank Guarantee
Multiple Choice Single Answer
Question DEPB means :-
Correct Answer Credit limit upto which the exporter do not have to pay Custom duty on
import
Your Answer Credit limit upto which the exporter do not have to pay Custom duty on
import
Select The Blank
Question In case of sub contractors whose name appear in the ________
contract should make supplies to Main Contractor.
Correct Answer Main
Your Answer Main
Multiple Choice Single Answer
Question Non fulfillment of export obligation will lead to :-
Correct Answer Customs duty + 15% Interest pa
Your Answer Customs duty + 15% Interest pa
Select The Blank
Question The exporter shall furnish ________ Returns to the Registering
Authorities
Correct Answer Quarterly
Your Answer Quarterly
Select The Blank
Question All activities of Export Promotional units are to be undertaken in
________.
Correct Answer Bonded area
Your Answer Bonded area
Select The Blank
Question Latest EXIM policy is valid for the period of ________.
Correct Answer 2002-2007
Your Answer 2004-2009
Multiple Choice Single Answer
Question Entitled LCS for export consignments are :-
Correct Answer Raxaul
Your Answer Raxaul
Multiple Choice Single Answer
Question FTWZ is entitled for :-
Correct Answer Free Foreign Exchange Transactions
Your Answer Free Foreign Exchange Transactions
Multiple Choice Multiple Answer
Question Deemed export's benefits are :-
Correct Answer Advance License , Deemed export draw back , Refund of Terminal
Export Duty
Your Answer Advance License , Deemed export draw back , Refund of Terminal
Export Duty
Select The Blank
Question Authorised ICD for export shipment is________.
Correct Answer Pitampur (Indore)
Your Answer Pitampur (Indore)
Multiple Choice Single Answer
Question EOU production can be sub contracted to DTA provided :-
Correct Answer Final products are returned to EOU for exports
Your Answer Final products are returned to EOU for exports
Select The Blank
Question Foreign Trade Policy aims to act as an effective instrument of economic
growth by giving thrust to ________.
Correct Answer Employment Generation
Your Answer Employment Generation
True/False
Question DGFT may issue advance licenses on self declaration basis for import
of horn, hoof and other organ of animals.
Correct Answer False
Your Answer False
Multiple Choice Multiple Answer
Question Imported items may be exported in the same or substantially in the
same form without specific permission, provided
Correct Answer They are imported into customs bonded warehouse , They are freely
exportable as per ITC(HS) , Payment in freely convertible currency
Your Answer They are imported into customs bonded warehouse , They are freely
exportable as per ITC(HS) , Payment in freely convertible currency
Match The Following
Question Correct Answer Your Answer
SIDA Swedish International
Development Agency
Swedish International
Development Agency
FERA Foreign Exchange
Regulation Act
Foreign Exchange Regulation
Act
IBRD International Bank for
Reconstruction and
International Bank for
Reconstruction and
Development Development
ADB Asian Development Bank Asian Development Bank
Multiple Choice Single Answer
Question Supply of goods to nuclear power projects is termed as deemed exports
when :-
Correct Answer Projects approved through competitive bidding
Your Answer Projects approved through competitive bidding
Multiple Choice Multiple Answer
Question FTWZ is eligible for :-
Correct Answer Income Tax exemption , Service Tax exemption , Customs duty
exemption
Your Answer Income Tax exemption , Service Tax exemption , Customs duty
exemption
Select The Blank
Question Authorised Air Port for export consignments is________.
Correct Answer Nagpur
Your Answer Nagpur
Multiple Choice Single Answer
Question Export Promotion Zones were created in order to :-
Correct Answer Support Manufacturing Sector
Your Answer Support Manufacturing Sector
Multiple Choice Multiple Answer
Question Documents required for Application to be made for supplies to Nuclear
Power projects are :-
Correct Answer Application form in Appx 12-B , Project Authority Certificate Appx 12-A ,
Invoice certified by Project Authority
Your Answer Application form in Appx 12-B , Project Authority Certificate Appx 12-A ,
Invoice certified by Project Authority
Multiple Choice Single Answer
Question Special Agricultural Produce Scheme' was devised to promote
Correct Answer Export of Fruits, Vegetables and flowers
Your Answer Export of Fruits, Vegetables and flowers
Multiple Choice Single Answer
Question IEC code has perpetual validity so long as there is no change in -
Correct Answer Constitution or management of the applicant
Your Answer Constitution or management of the applicant
True/False
Question SION is fixed for frequently exported goods.
Correct Answer True
Your Answer True
True/False
Question Sub Contracting is allowed provided products are dispatched directly
form EOU premises.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question Adverse factor which is hampering exports is :
Correct Answer Lack of value added processing
Your Answer Lack of value added processing
Multiple Choice Multiple Answer
Question Under Market Access Initiatives (MAI) Central Government extends
assistance to
Correct Answer Export Promotion councils , Industry and Trade Associations , Agencies
of State Governments
Your Answer Export Promotion councils , Industry and Trade Associations , Agencies
of State Governments
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Match The Following
Question Correct Answer Your Answer
DC Development Commissioner Development Commissioner
CVD Counter veiling duty Counter veiling duty
CFS Container Freight Station Container Freight Station
BTP Bio Tech Park Bio Tech Park
Multiple Choice Single Answer
Question EOU units will be allowed to retain 100% of its export earnings in :-
Correct Answer EEFC Account
Your Answer EEFC Account
Multiple Choice Single Answer
Question DGFT will permit exporters from utilising any other sea ports than the
listed ports by :-
Correct Answer Issuing Public Notice
Your Answer Issuing Public Notice
True/False
Question Export oriented units do not get any specific Income Tax concessions.
Correct Answer False
Your Answer True
True/False
Question In Special Economic Zones Domestic Laws will not be applicable.
Correct Answer True
Your Answer False
Multiple Choice Single Answer
Question Small Scale Sector was given following additional facility
Correct Answer Units in this sector will be eligible for funds from MAI (Market Access
Initiative)
Your Answer Units in this sector will be eligible for funds from MAI (Market Access
Initiative)
Multiple Choice Single Answer
Question Market Development Assistance is given to
Correct Answer Exporters for market development
Your Answer Industry and Trade Associations
Multiple Choice Single Answer
Question Objective of Foreign Trade Policy is to:
Correct Answer Double our Share in Global Market within next 5 years
Your Answer Double our Share in Global Market within next 5 years
True/False
Question Inland freight subsidies are given in North East, Sikkim, and Jammu
and Kashmir
Correct Answer True
Your Answer False
Select The Blank
Question Special Economic Zones will be under control of the________ .
Correct Answer Development Commissioner
Your Answer Development Commissioner
Multiple Choice Multiple Answer
Question Facilities available at Special Economic Zones are :-
Correct Answer Net foreign exchange earner , Supplies to SEZ will be treated as
physical exports and will be eligible for benefits , Goods from domestic
sector will also be duty free
Your Answer Net foreign exchange earner , Supplies to SEZ will be treated as
physical exports and will be eligible for benefits , Goods from domestic
sector will also be duty free
Select The Blank
Question Four Star Export House should have minimum export performance of
Rs.________.
Correct Answer 1500 Crs
Your Answer 1000 CRs
Multiple Choice Multiple Answer
Question Authorised ICDs for export consignments are :-
Correct Answer Dighi , Miraj , Waluj
Your Answer Dighi , Miraj , Waluj
Multiple Choice Multiple Answer
Question Foreign Trade Policy advises Government on :
Correct Answer Export Promotion , EPCG Scheme , Duty Exemption/Remission
Your Answer Export Promotion , EPCG Scheme , Duty Exemption/Remission
Select The Blank
Question All second hand goods, except Second Hand ________ goods, shall be
restricted for imports
Correct Answer Capital
Your Answer Capital
Multiple Choice Single Answer
Question Documents required for supplies made against Advance License are :-
Correct Answer Xerox copy of Purchase order /Contract
Your Answer Bank Guarantee
True/False
Question FTWZ are not allowed to carry out transactions in Free Currency.
Correct Answer False
Your Answer False
Select The Blank
Question Special Economic Zones will located in areas which will be technically
treated as ________.
Correct Answer Foreign Territory for applicability of domestic legislations
Your Answer Independent entities
Multiple Choice Multiple Answer
Question Authorised LCS for export consignments are :-
Correct Answer Jogbani , Sonauli , Mahadipur
Your Answer Jogbani , Sonauli , Ratangarh
True/False
Question DGFT has opened chat window which can be assessed every second
Wednesday
Correct Answer True
Your Answer True
Select The Blank
Question ARO means ________.
Correct Answer Advance Release Order
Your Answer Advance Release Order
Multiple Choice Multiple Answer
Question Hotels, Travel agents, Travel operators are allowed to import following
under EPCG scheme :-
Correct Answer Motor Cars , Sports Utility Vehicles , All Purpose Vehicles
Your Answer Motor Cars , Sports Utility Vehicles , Spare parts of above vehicles
Match The Following
Question Correct Answer Your Answer
DTA Domestic Tariff Area Domestic Tariff Area
STP Software Technology Park Software Technology Park
EHTP Electronic Hardware
Technology Park
Electronic Hardware
Technology Park
FTWZ Free Trade and
Warehousing Zone
Free Trade and Warehousing
Zone
Multiple Choice Single Answer
Question For Agricultural Products and their value added variants the capital
Goods will be allowed at :-
Correct Answer Zero Customs duty
Your Answer Zero Customs duty
Select The Blank
Question The advance license needs to be Registered with ________ before
orders are placed.
Correct Answer Customs
Your Answer Customs
Multiple Choice Multiple Answer
Question Special Economic Zones were created to :-
Correct Answer Boost manufacturing , Augment exports , Generate employment
Your Answer Boost manufacturing , Augment exports , Generate employment
Select The Blank
Question Selected towns producing goods of Rs.________ or more will be
notified as Towns of Export Excellence
Correct Answer 1000 crs
Your Answer 1000 crs
Select The Blank
Question An SEZ unit will be eligible for Income Tax exemption as per Section
________of the Income Tax Act.
Correct Answer 801 A
Your Answer 801 A
True/False
Question EPCG means Export Packing Credit Guarantee Scheme
Correct Answer True
Your Answer False
Select The Blank
Question Duty free imports will be made on the strength of self issued ________.
Correct Answer CT3/Procurement Certificates
Your Answer Self declaration
Multiple Choice Multiple Answer
Question Strategies for achieving objectives of Foreign Trade Policies are :
Correct Answer Simplify procedures , Generate employment opportunities in Semi
urban , Rural areas , Upgrade infrastructure network
Your Answer Simplify procedures , Generate employment opportunities in Semi
urban , Rural areas , Upgrade infrastructure network
Multiple Choice Multiple Answer
Question Leather and footwear industry have been given following facilities :
Correct Answer Duty Free imports 5% of FOB , Effluent Treatement Plant machinery
exempt from Basic customs duty , Re export of unsuitable imported
material
Your Answer Duty Free imports 5% of FOB , Effluent Treatement Plant machinery
exempt from Basic customs duty , Re export of unsuitable imported
material
Multiple Choice Single Answer
Question For supplies made to STP/EHTP units all deemed export benefits will
be claimed by DTA from :-
Correct Answer The concerned licensing authority
Your Answer The concerned licensing authority
Select The Blank
Question Under International Trade Agreements India is required to
eliminate________ on our imports.
Correct Answer Quantitative restrictions
Your Answer Quantitative restrictions
Multiple Choice Single Answer
Question Capital goods are allowed for imports / exports without license, on
execution of LUT/BG, provided -
Correct Answer It is freely exportable as per ITC(HC)
Your Answer It is freely exportable as per ITC(HC)
Multiple Choice Multiple Answer
Question An SEZ unit may :-
Correct Answer Transfer goods to another unit within zone , May sub contract part of
the production within the zone , May sub contract part of the production
abroad
Your Answer Transfer goods to another unit within zone , May sub contract part of
the production within the zone , May sub contract part of the production
abroad
Multiple Choice Single Answer
Question Following is termed as Deemed Exports :-
Correct Answer Supply to projects funded by UN agencies
Your Answer Supplies to Multi National companies in India
Multiple Choice Multiple Answer
Question India could achieve import substitution because :-
Correct Answer Concessions given on Technology transfer , Training of Indian
professionals abroad , Technical collaboration
Your Answer Concessions given on Technology transfer , Training of Indian
professionals abroad , Technical collaboration
Multiple Choice Multiple Answer
Question The export obligation under EPCG Scheme is in addition to the :-
Correct Answer Pending export obligations , Over and above average performance of
last three years , They are physical exports
Your Answer Pending export obligations , They are physical exports , Pending
application for future exports
True/False
Question In case of Free of cost imported raw material, value addition would be
computed by adding Notional Value of free of cost material to both CIF
value of imports and FOB value of exports.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question Board of Trade was established to ensure :
Correct Answer To advise government on issues connected with Foreign Trade
Your Answer Education of masses on export trade
True/False
Question Refund of Terminal Excise Duty is not entitled for goods supplied to
EOU/STP units.
Correct Answer False
Your Answer False
Multiple Choice Single Answer
Question Major function of Export Promotion Councils is :
Correct Answer Offer Professional advise to exporters
Your Answer Offer Professional advise to exporters
True/False
Question Export promotion units are not allowed to sell in domestic market.
Correct Answer False
Your Answer False
Select The Blank
Question The total value of licenses obtained under ado norms shall not exceed
100% of________ Value of preceding years export.
Correct Answer FOB
Your Answer FOB
True/False
Question Private sector cannot develop Special Economic Zones.
Correct Answer False
Your Answer False
Multiple Choice Multiple Answer
Question Fulfillment of Export obligation for licenses with duty saved of Rs.100
Corers or more is valid only if :-
Correct Answer It is 8 times the duty saved on capital goods , It is fulfilled within 12
years for issuance of license , Initial 5% custom duty has been paid
Your Answer It is 8 times the duty saved on capital goods , It is fulfilled within 12
years for issuance of license , Certificate from the buyer is produced to
that effect
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