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IB0-04 Question Bank

IB0-04 Question Bank (3)

IB0-04 Quesiton Bank,  Export - Import Procedures And Documentation 

Term-End Examination

December, 2014
Time : 3 hours Maximum Marks : 100
Weightage : 70%
Note : Answer both parts A and
1. Comment on any four of the following :
(a) One important objective of export import policy is to facilitate technological and
infrastructural upgradation of Indian industry.
(b) Selling under C.I.F contract is good for the country as a whole.
(c) Export Promotion Capital Goods (EPCG) help exporters in reducing manufacturing
cost of export goods.
(d) The Duty Free Import Authorisation (DFIA) scheme which allows imports of input
required for export product is an improvement over the earlier on such schemes.
(e) Exporting is far more riskier than any domestic business of comparable size
(f) EXIM Bank does not provide long – term credit.


Answer any four of the following questions.


2. The broad objective of 'export-import' policy is to act as an effective instrument of economic growth. What strategies are proposed to achieve the objective ? Give a detailed answer.


3. You have received an order for export of chikan kurtas from France. Explain in detail the procedures you have to adopt ensuring timely shipment and realisation of the export proceeds.


4. Discuss briefly various quality inspection schemes covering exports from India. Also describe in detail the "Self Certification" scheme.


5. Discuss the role of Export Credit and Guarantee Corporation in promoting exports from India specifying some schemes to achieve the objective.


6. Discuss the procedures and related documentation needed in customs clearance of import cargo.


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

(a) Airway bill and Bill of Lading

(b) Role of Clearing and Forwarding Agent

(c) Incoterms

(d) Documents Against Payment (DP) and Documents Against Acceptance (DA)

December, 2012

IB0-04 : Procedures And Documentation


Comment on any four  of the following statements. 

1.  (a) Documentary credit reconciles the conflicting interest of buyers and sellers in a contract.

(b)  the objective of export assistance is to neuteralise the incidence of internal taxes and import content of the export product.

(c)  Self certification system has brought about a qualitative change in the system of

preshipment inspection in India.

(d)  A diversified export business may help in reducing risks in business.

(e)  Indian Trade Promotion Organization (ITPO) helps exporters in their marketing efforts.

(f)  Foreign Exchange Management Act seeks to regulate not only payments in foreign currencies but also realisation of export proceeds.


Answer  any four quesions.

2.  What are the broad objectives of Exports' (Quality Control & Inspection) Act 1963 ?           

Briefly explain the various systems of quality control and pre-shipment inspection in India ?

3.  (a) Define Bill of Lading and explain its role in export import trade.

(b) What are the different types of bill of lading ? Explain briefly each of them.

4.  What is Electronic Data Interchange (EDI) ? Explain its significance and role in expanding international trade. What kind of strategic advantages an export house may get through EDIP Explain giving suitable illustration.           

5. Why is cargo insurance needed? Identify various kinds of perils against which insurance cover can be obtained. Explain with suitable examples.               

6.  Enumerate the various methods of financing imports. Describe the regulating firm work. Also explain the procedure unde Letter of Credit.

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

(a)  Export Import Bank of India

(b)  Certificate of Origin

(c)  Port procedures

(d)  Simplified Export Documents 

June, 2013

IB0-04 : Export - Import Procedures and Documentation

1. What is the legal framework in terms of major acts governing foreign trade of India ? Discuss macro general provisions related to exports under the foreign trade policy.

2. What do you mean by Electronic Data Interchange ? How can you develop an EDI plan for your organisation ? Discuss in detail.

3. Explain the provisions related to regulation and management of foreign exchange under the exchange control regulations.

4. (a) Describe the basic principles of ECGC operation.

(b) Explain the procedure and documentation requirements for making a claim from ECGC.

5. Do you think that the insurance contract is in the nature of indemnity ? Discuss and explain various kinds of perils under cargo insurance with suitable examples.

6. Describe the procedure for customs clearance of exports cargo by sea along with the documentation formalities.

7. Explain various promotional measures for expansion of production base for exports.

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

(a) Role of Export Import Bank of India

(b) Procedure for shipment of Export Cargo by Post Parcel

(c) ISO 9000

(d) Fiscal Incentives for export promotion 

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