EPC stands for _____.

(a)

Export Processing Commission

(b)

Export Promotion Council

(c)

Export Carriage Council

(d)

Export Promotion Congress

An _________ is document prepared by importer an sent to the exporter to buy the goods.

(a)

Invoice

(b)

Indent

(c)

Enquiry

(d)

Charter party

Which of the following institution provides insurance against various risks in international trade?

(a)

Export Promotion Council

(b)

Export and Credit Guarantee Corporation

(c)

Commodity Board

(d)

State Trading Corporation

Which one of the following is not the export trade procedures?

(a)

Arrival of goods

(b)

Packing and forwarding

(c)

Preparation of invoice

(d)

Insurance of goods

Which one of the following document is not required in connection with an import trade?

(a)

Bill of entry

(b)

Bill of sight

(c)

Mate's receipt

(d)

Letter of credit

Expand RCMC ____.

(a)

Registration cum Membership Council

(b)

Registration cum Manufacturing council

(c)

Registration cum Membership Certificate

(d)

Registration commodity manufacturing council

Dock Receipt is also called as ________

(a)

Port Trust Receipt

(b)

Shipping Bill Receipt

(c)

Bill of Lading

(d)

None of the above

Economies of scale are enjoyed when goods are produced at___________.

(a)

small-scale

(b)

large-scale

(c)

lower-scale

(d)

consumption level

Export Credit Guarantee Corporation (ECGC) covers_________.

(a)

commercial and political risks

(b)

financial risks

(c)

financing facilities

(d)

None of the above

_____________is also called quotation.

(a)

Written request

(b)

Import trade procedure

(c)

Obtaining of license

(d)

Trade enquiry