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11th Standard English Medium Commerce Subject Export and Import Procedures Creative 2 Mark Questions with Solution Part - I updated Creative Questions

Published on: 13/05/2022

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Creative Questions in class 11 Commerce Subject. It will helps to get more idea about question pattern in every Creative questions with solution.

latest Creative Questions

Download Tamil Nadu 11th Standard Commerce question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

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Std: 11th Standard - Commerce

chapter: - Creative Questions

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Questions:

Generic 2

5 x 2 = 10

What is Bill of Entry?

What is shipping Bill?

What is Export-Import Bank?

What do you mean by Export Trading House?

Who are Commission Agent?

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Answers Key:

Generic 2

5 x 2 = 10

(i) Bill of entry is prepared in triplicate in order to pay customs duty.
(ii) Separate bill of entry forms have to be filled in for dutiable/goods, free goods and bonded goods.

A shipping bill is a document prepared by an exporter or his forwarding agent stating there in the various details of the goods exporter. It is handed over to the customs office, to calculate export duty.

Export and Import Bank is one of the specialised financial institutions wholly owned by Government of India was set up in the year 1982 for financing, facilitating and promoting foreign trade of India. It is popularly called as EXIM Bank.

(i) Export Trading house has been established to increase the export, strengthen the global market capacity, and get necessary facilities for increasing export performance of our country.
(ii) It consists of merchants, exporters, trading companies, export-oriented units, units located in export processing zones, electronic hardware technology, etc.

(i) Commission Agent is an international agent who is paid a certain percentage of commission for the order booked by him abroad.
(ii) He offers product to potential customers in the territory allotted to him in accordance with the terms and conditions specified by the principal.