Exim Policies & Procedures_5

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

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