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 100% Export Oriented Units

Units
SEZ Special Economic Zone Special Economic Zone

EPCG Export Promotion Capital Export Promotion Credit

Goods 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 Cochin Cochin

India Ltd.

Cement Corporation Of India New Delhi New Delhi

Ltd.

Automotive Research Pune Pune

Association Of India

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 Export Promotion Capital

Goods 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 Swedish International

Development Agency Development Agency

FERA Foreign Exchange Foreign Exchange Regulation

Regulation Act Act

IBRD International Bank for International Bank for

Reconstruction and 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 Electronic Hardware

Technology Park Technology Park

FTWZ Free Trade and Free Trade and Warehousing

Warehousing Zone 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