MCQOPTIONS
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MCQOPTIONS
This section includes 157 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Management Studies (BMS) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
bill is a proof issued by Airline Company that indicates title to the goods for the contract of carriage. |
| A. | airway |
| B. | packing |
| C. | lading |
| D. | cargo |
| Answer» B. packing | |
| 2. |
is an important document required for realization of export proceeds. |
| A. | gr form |
| B. | are-1 form |
| C. | shipping bill |
| D. | packing list |
| Answer» B. are-1 form | |
| 3. |
refers to export trade for which export proceeds are received in form of other products in exchange of forex. |
| A. | countertrade |
| B. | entrepot |
| C. | position trade |
| D. | swing trade |
| Answer» B. entrepot | |
| 4. |
is an export document that gives the consignment details to the exporter. |
| A. | mate s receipt |
| B. | packing list |
| C. | packing credit |
| D. | certificate of origin |
| Answer» C. packing credit | |
| 5. |
The CHA submits the relevant export documents to the for the purpose of verification. |
| A. | rbi |
| B. | sidbi |
| C. | customs house |
| D. | shipping company |
| Answer» D. shipping company | |
| 6. |
The export proceeds realization in India should take place within days. |
| A. | 91 |
| B. | 201 |
| C. | 360 |
| D. | 421 |
| Answer» D. 421 | |
| 7. |
helps to distinguish the company s brand among its competitors. |
| A. | brand name |
| B. | company name |
| C. | product marking |
| D. | product price |
| Answer» B. company name | |
| 8. |
LC cannot be modified or cancelled without the consent of the exporter. |
| A. | revocable |
| B. | irrevocable |
| C. | stand-by |
| D. | back-to-back |
| Answer» C. stand-by | |
| 9. |
is an important document required for realization of exportproceeds. |
| A. | gr form |
| B. | are-1 form |
| C. | shipping bill |
| D. | packing list |
| Answer» B. are-1 form | |
| 10. |
bill is a proof issued by Airline Company that indicates title tothe goods for the contract of carriage. |
| A. | airway |
| B. | packing |
| C. | lading |
| D. | cargo |
| Answer» B. packing | |
| 11. |
Consular invoice is issued by . |
| A. | consulate officer |
| B. | customs officer |
| C. | cha |
| D. | importer |
| Answer» B. customs officer | |
| 12. |
Certificate of origin can be issued by . |
| A. | exim |
| B. | epc |
| C. | sidbi |
| D. | ecgc |
| Answer» C. sidbi | |
| 13. |
Shipping bill is not an export document. |
| A. | coastal |
| B. | dutiable |
| C. | ex-bond |
| D. | dbk |
| Answer» B. dutiable | |
| 14. |
is an export document that gives the consignment details tothe exporter. |
| A. | mate’s receipt |
| B. | packing list |
| C. | packing credit |
| D. | certificate of origin |
| Answer» C. packing credit | |
| 15. |
indicates the country in which the goods are manufactured. |
| A. | consular invoice |
| B. | certificate of origin |
| C. | commercial invoice |
| D. | shipping bill |
| Answer» C. commercial invoice | |
| 16. |
Consular invoice is issued in copies. |
| A. | one |
| B. | three |
| C. | five |
| D. | seven |
| Answer» C. five | |
| 17. |
gives title to the goods in export business. |
| A. | bills of exchange |
| B. | bill of lading |
| C. | shipping bill |
| D. | commercial bill |
| Answer» C. shipping bill | |
| 18. |
The export proceeds realization in India should take place within days. |
| A. | 91 |
| B. | 201 |
| C. | 360 |
| D. | 421 |
| Answer» D. 421 | |
| 19. |
Bill of lading is issued by company. |
| A. | transport |
| B. | shipping |
| C. | warehousing |
| D. | outsourcing |
| Answer» C. warehousing | |
| 20. |
The CHA has to obtain from the Port Trust Authorities. |
| A. | commercial invoice |
| B. | let export order |
| C. | let ship order |
| D. | carting order |
| Answer» E. | |
| 21. |
The shipping bill is made in copies. |
| A. | one |
| B. | three |
| C. | five |
| D. | seven |
| Answer» D. seven | |
| 22. |
The CHA submits the relevant export documents to the for thepurpose of verification. |
| A. | rbi |
| B. | sidbi |
| C. | customs house |
| D. | shipping company |
| Answer» D. shipping company | |
| 23. |
Customs Preventive Office issues order. |
| A. | let export |
| B. | let ship |
| C. | carting |
| D. | mate’s |
| Answer» C. carting | |
| 24. |
The CHA is also known as . |
| A. | c&f agent |
| B. | consignor |
| C. | customs official |
| D. | shipping company |
| Answer» B. consignor | |
| 25. |
Mate’s Receipt is issued by . |
| A. | customs |
| B. | captain of the ship |
| C. | importer |
| D. | inspection agency |
| Answer» C. importer | |
| 26. |
Let export order is received from the Customs . |
| A. | preventive officer |
| B. | examiner |
| C. | superintendent |
| D. | custom officer |
| Answer» C. superintendent | |
| 27. |
Exporter has to register with one of the following authorities. |
| A. | rbi |
| B. | exim bank |
| C. | dgft |
| D. | ecgc |
| Answer» D. ecgc | |
| 28. |
The exporter gets from DGFT. |
| A. | iec number |
| B. | pan number |
| C. | aadhaar number |
| D. | credit number |
| Answer» B. pan number | |
| 29. |
LC cannot be modified or cancelled without the consent ofthe exporter. |
| A. | revocable |
| B. | irrevocable |
| C. | stand-by |
| D. | back-to-back |
| Answer» C. stand-by | |
| 30. |
Period of pre-shipment finance is days. |
| A. | 45 |
| B. | 90 |
| C. | 180 |
| D. | 360 |
| Answer» D. 360 | |
| 31. |
LC is the safest LC in export business. |
| A. | confirmed |
| B. | revocable |
| C. | unconfirmed |
| D. | non-transferable |
| Answer» B. revocable | |
| 32. |
SIDBI provides . |
| A. | pre-shipment finance |
| B. | post-shipment finance |
| C. | financing bank schemes |
| D. | all of the above |
| Answer» E. | |
| 33. |
Which among the following is not a type of LC ? |
| A. | advance payment |
| B. | revocable |
| C. | confirmed |
| D. | transferable lc |
| Answer» B. revocable | |
| 34. |
ECGC is owned and governed by . |
| A. | government of india |
| B. | cooperatives |
| C. | traders |
| D. | corporations |
| Answer» B. cooperatives | |
| 35. |
EXIM finances term loans. |
| A. | long |
| B. | short |
| C. | fixed |
| D. | micro |
| Answer» B. short | |
| 36. |
Packing credit is also known as finance. |
| A. | pre-shipment |
| B. | post-shipment |
| C. | capital |
| D. | fixed |
| Answer» B. post-shipment | |
| 37. |
refers to export trade for which export proceeds are receivedin form of other products in exchange of forex. |
| A. | countertrade |
| B. | entrepot |
| C. | position trade |
| D. | swing trade |
| Answer» B. entrepot | |
| 38. |
backs the lending programme of banks, by issuing financialguarantees. |
| A. | ecgc |
| B. | epcg |
| C. | lic |
| D. | coc |
| Answer» B. epcg | |
| 39. |
provides finance to entrepreneurs for setting up tourismrelated activities. |
| A. | sidbi |
| B. | ecgc |
| C. | epcg |
| D. | epc |
| Answer» B. ecgc | |
| 40. |
The main purpose of packing credit is to meet capital needsof exporters. |
| A. | fixed |
| B. | working |
| C. | regular |
| D. | interim |
| Answer» C. regular | |
| 41. |
is a group of exporters who form trading association for mutualdistribution benefits. |
| A. | canalizing agency |
| B. | consortium |
| C. | state corporation |
| D. | manufacturing exporters |
| Answer» C. state corporation | |
| 42. |
is a warehousing type that holds zero-inventory, whereproducts are received, processed and shipped to exporting countries. |
| A. | cross-docking |
| B. | near-shore |
| C. | off-shore |
| D. | horizontal |
| Answer» B. near-shore | |
| 43. |
is a promotion element that uses short term tactic to persuadethe importers to make purchases. |
| A. | trade fairs and exhibitions |
| B. | sponsorships |
| C. | sales-promotion |
| D. | salesmanship |
| Answer» D. salesmanship | |
| 44. |
is a paid form of non-personal presentation of export goods bythe exporter. |
| A. | packaging |
| B. | publicity |
| C. | advertising |
| D. | sales promotion |
| Answer» D. sales promotion | |
| 45. |
is the most convenient and cost effective mode of transport inexport business. |
| A. | roadways |
| B. | railways |
| C. | seaways |
| D. | airways |
| Answer» D. airways | |
| 46. |
helps to co-ordinate moving of resources with the help ofpeople, equipment and technology. |
| A. | logistics |
| B. | human resource management |
| C. | marketing |
| D. | research |
| Answer» B. human resource management | |
| 47. |
distribution channel reduces per unit cost of the product inexport business. |
| A. | direct |
| B. | indirect |
| C. | variance distribution |
| D. | binomial distribution |
| Answer» B. indirect | |
| 48. |
helps to distribute export goods only through governmentagencies. |
| A. | co-operatives |
| B. | canalizing agencies |
| C. | customs officials |
| D. | consortiums |
| Answer» C. customs officials | |
| 49. |
refers to creating a distinct image in the minds of the audiencetowards a specific brand. |
| A. | positioning |
| B. | promotion |
| C. | packaging |
| D. | product labelling |
| Answer» B. promotion | |
| 50. |
helps to distinguish the company’s brand among itscompetitors. |
| A. | brand name |
| B. | company name |
| C. | product marking |
| D. | product price |
| Answer» B. company name | |