MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 235 Mcqs, each offering curated multiple-choice questions to sharpen your Vhdl knowledge and support exam preparation. Choose a topic below to get started.
| 201. |
Specific export requirements under the EPCG scheme have been reduced from 90% of normal amount consideration to --------------of the normal amount consideration. |
| A. | 95% |
| B. | 50% |
| C. | 75% |
| D. | all |
| Answer» D. all | |
| 202. |
"Services" include all the -------- tradable services covered under the General Agreement onTrade in Services where payments for such services are received in free foreign exchange |
| A. | 161 |
| B. | 150 |
| C. | 139 |
| D. | none |
| Answer» B. 150 | |
| 203. |
Which trade theory holds that nations can increase their economic well-being by specializing in the production of goods they produce more efficiently than anyone else |
| A. | The factor endowment theory. |
| B. | The theory of absolute advantage. |
| C. | The international product life cycle theory. |
| D. | The theory of comparative advantage. |
| Answer» C. The international product life cycle theory. | |
| 204. |
Foreign Trade Policy is a set of guidelines and instructions established by the |
| A. | DGFT |
| B. | MSME |
| C. | Govt. of India |
| D. | none |
| Answer» B. MSME | |
| 205. |
Form GP1 is issued for the removal of excisable goods on payment of duty. |
| A. | True |
| B. | False |
| C. | Can’t say |
| D. | none |
| Answer» B. False | |
| 206. |
What is advantage of documentary collection? |
| A. | Less costly, tie up with bank not required. |
| B. | More safe as payment at the sight of goods or acceptance |
| C. | Both of above |
| D. | none |
| Answer» D. none | |
| 207. |
An important feature of Export License under which certain goods can be imported only by designated agencies. For an example, an item like gold, in bulk, can be imported only by specified banks like SBI and some foreign banks or designated agencies. |
| A. | Canalization |
| B. | Cannibalization |
| C. | Status Holders |
| D. | None of the above |
| Answer» B. Cannibalization | |
| 208. |
MEIS scheme actually is- |
| A. | Marine Export from India scheme |
| B. | Mining products Export from India scheme |
| C. | Merchandise Exports from India Scheme |
| D. | none |
| Answer» D. none | |
| 209. |
An airway bill is prepared in |
| A. | two copies |
| B. | three copies |
| C. | four copies |
| D. | five copies |
| Answer» C. four copies | |
| 210. |
Form ARE-1 is central excise form. |
| A. | True |
| B. | False |
| C. | Can’t say |
| D. | none |
| Answer» B. False | |
| 211. |
Fulfillment of Export obligation for licenses with duty saved of Rs.100 Corers or more is valid only if - |
| A. | 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 |
| B. | It is 4 times the duty saved on capital goods , It is fulfilled within 24 years for issuance of license , Initial 5% custom duty has been paid |
| C. | None of the above |
| D. | Can’t say |
| Answer» B. It is 4 times the duty saved on capital goods , It is fulfilled within 24 years for issuance of license , Initial 5% custom duty has been paid | |
| 212. |
Market Development Assistance is given to Exporters having annual Export turnover uptoRs.________. |
| A. | 5 Crs |
| B. | 6 Crs |
| C. | 8 Crs |
| D. | 7Crs |
| Answer» B. 6 Crs | |
| 213. |
Consider the following statements about the Foreign Trade Policy 2015-20 unveiled on 1st Apr’15. A. This policy focuses on boosting exports and creating jobs while supporting the Centre’s Make In India and Digital India' programs. B. The new policy is to create architecture for the Indian economy so that it can gain global competitiveness and promote the diversification of Indian export. C. The policy is to move towards paperless working in 24x7 environments. D. The policy comes at a time when export growth contracted 15 percent in February 2014-15, reporting a negative growth for the third consecutive month. |
| A. | A & B is correct |
| B. | B & C is correct |
| C. | A, B & D is correct |
| D. | All of the above is correct |
| Answer» E. | |
| 214. |
Which theory holds that nations should produce those goods for which it has the greatest relative advantage? |
| A. | The theory of relative advantage. |
| B. | The theory of absolute advantage. |
| C. | The factor endowment theory. |
| D. | None of the above. |
| Answer» E. | |
| 215. |
Excise duty exemption on exports is available for duty paid on |
| A. | finished products only |
| B. | components only |
| C. | finished products and components |
| D. | imported items |
| Answer» D. imported items | |
| 216. |
Which of the following products have moved through the IPLC and are now in the standardized product stage? |
| A. | DVD players. |
| B. | Televisions. |
| C. | Computer memory cards. |
| D. | All of the above. |
| Answer» E. | |
| 217. |
Private sector cannot develop Special Economic Zones |
| A. | False |
| B. | true |
| C. | Can’t say |
| D. | none |
| Answer» C. Can’t say | |
| 218. |
The General Agreement on Tariff and Trade was replaced by |
| A. | Cross Border Trade Group |
| B. | North American Free Trade Agreement |
| C. | Mutlilateral Agreement |
| D. | World Trade Organisation |
| Answer» E. | |
| 219. |
-------------organize participation in trade fairs, exhibitions and buyer-seller meets inIndia and abroad |
| A. | Pro duct development Authorities |
| B. | Commodity Boards |
| C. | Export Promotion Councils |
| D. | none |
| Answer» D. none | |
| 220. |
When was the 1st EXIM policy defined? |
| A. | 1962 |
| B. | 1991 |
| C. | 1974 |
| D. | Can’t say |
| Answer» B. 1991 | |
| 221. |
Bill of entry is a declaration filed by importer giving details of importer and goods. |
| A. | importer |
| B. | exporter |
| C. | all |
| D. | none |
| Answer» B. exporter | |
| 222. |
Special Economic Zones were created to |
| A. | Boost manufacturing, Augment exports, Generate employment |
| B. | Boost manufacturing , Augment exports , deemed exports |
| C. | Exports of some special products |
| D. | None of the above |
| Answer» C. Exports of some special products | |
| 223. |
Trade Related Investment Measures (TRIMS) doesn’t apply for |
| A. | Measures that affect trade in goods. |
| B. | Measures that lead to restrictions on quantities. |
| C. | Discouraging measures that limit a company’s imports. |
| D. | Discouraging measures that limit a company’s exports. |
| Answer» C. Discouraging measures that limit a company’s imports. | |
| 224. |
Deemed export benefits are sanctioned by DGFT without claims. |
| A. | False |
| B. | true |
| C. | Can’t say |
| D. | none |
| Answer» C. Can’t say | |
| 225. |
There are -----------statutory Commodity Boards under the Department ofCommerce |
| A. | 7 |
| B. | 15 |
| C. | 10 |
| D. | none |
| Answer» B. 15 | |
| 226. |
What does EXIM policy controls? |
| A. | Only Exports |
| B. | Only Imports |
| C. | Both |
| D. | Can’t say |
| Answer» D. Can’t say | |
| 227. |
______ refers to the policy measures adopted by a country with reference to its exportsand imports. |
| A. | EXIM policy |
| B. | Economic policy |
| C. | Fiscal policy |
| D. | Monetary policy |
| Answer» B. Economic policy | |
| 228. |
Advance license facility enables ----------- to import inputs without payment of customduty. |
| A. | importer |
| B. | exporter |
| C. | all |
| D. | none |
| Answer» C. all | |
| 229. |
Mate's receipts is a receipt issued by the ---------of the ship when the cargo is loaded onthe ship. |
| A. | Commanding Officer |
| B. | clerk |
| C. | all |
| D. | none |
| Answer» B. clerk | |
| 230. |
As per the new trade policy, the previously existing Served From India Scheme (SFIS) has been scrapped, in its place the ------------------------------ scheme has been announced. |
| A. | Services Export from India (SEIS) |
| B. | Marine Export from India |
| C. | all |
| D. | none |
| Answer» B. Marine Export from India | |
| 231. |
Eligible exporters shall be issued rewards in the form of duty credit scrips based on the net foreign exchange earned |
| A. | SEIS |
| B. | MEIS |
| C. | Both |
| D. | none |
| Answer» D. none | |
| 232. |
PROCEDURE_DOESN‚ÄÖ√Ñ√∂‚ÀÖ√Ë‚ÀÖ¬•T_HAVE_A_RETURN_TYPE.?$# |
| A. | True |
| B. | False |
| Answer» B. False | |
| 233. |
Which_of_the_following_could_be_the_objects_in_the_parameter_list_of_a_procedure?$ |
| A. | CONSTANTS, VARIABLES |
| B. | VARIABLES, SIGNALS |
| C. | CONSTANTS, SIGNALS |
| D. | CONSTANT, SIGNALS, VARIABLES |
| Answer» D. CONSTANT, SIGNALS, VARIABLES | |
| 234. |
Procedures are useful when _________ |
| A. | Functions are not synthesizable |
| B. | Signals are needed to be declare |
| C. | Multiple values are needed as result |
| D. | Architecture can’t contain some statement |
| Answer» D. Architecture can‚Äö√Ñ√∂‚àö√ë‚àö¬•t contain some statement | |
| 235. |
Procedures are invoked as _________ |
| A. | Statements |
| B. | Expressions |
| C. | Values |
| D. | Assignments |
| Answer» B. Expressions | |