Madhya Pradesh Bhoj Open University 2008 Diploma Material Management International Trade -GDMM08 - Question Paper
INDIAN INSTITUTE OF MATERIALS MANAGEMENT
POST GRADUATE DIPLOMA IN MATERIALS MANAGEMENT
GRADUATE DIPLOMA IN MATERIALS MANAGEMENT
Paper seven (Old and New) - Common
International Trade
Date: 16.06.2008 Max Marks: 100
Time: 10.00 AM to 1.00 PM Duration: 3Hrs
Note : 1. Part A contains four main ques. (with eight sub questions) every ques.
carries one mark.
2. Part B – ans any three ques. out of six ques.. every ques.
carries 16 marks.
3. Part C is compulsory and it is a case study. Total Marks=20
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Part A
Q.1. Select the most improper ans from the choices given: eight marks
a) Bill of Entry is needed for customs clearance in case of
(1) Import (2) Export (3) Trading (4) Personal Baggage
b) Cenvat Credit is available on
(1) CVD (2) Cess on CVD (3) SAD (4) All of above
c) The normal validity of IEC is
(1) one year (2) three years (3) five years (4) No limit
d) Which Incoterm is applicable in country of export?
(1) CIF (2) C&F (3) FAS (4) DDP
e) Shipping Bill is needed in case of
(1) Import (2) Export (3) Both import & export (4) None of above
f) Domestic Purchasing is a method in
(1) Direct Export (2) Physical Export (3) Real Export 4) Indirect Export
g) Which 1 of the subsequent is a pre-shipment finance?
(1) Packing Credit (2) Clean Credit (3) Loan Finance (4) Credit Finance
h) The preferred L/C by exporter is
(1) Irrevocable, unconfirmed, with credit
(2) Revocable, unconfirmed, at sight
(3) Irrevocable, confirmed, at sight
(4) Revocable, confirmed, at sight
Q.2. Match the following: 8 Marks
A B
a) EPCG 1) Trade Block
b) SAARC 2) CIP
c) IEC 3) Valid for five years
d) RCMC 4) CVD
e) FOREX 5) Obligation Certificate
f) EODC 6) Export Promotional Scheme
g) Cenvat Credit 7) DGFT
h) Incoterms 8) Exchange Rate Variation
Q.3. State whether the subsequent statements are actual or False. eight marks
1. Export of imported goods in any form or condition is known as re-export.
2. The L/C is governed by UCPDC.
3. In case of export on FOB basis, the responsibility of customs clearance lies with importer.
4. A merchant exporter can be manufacturer exporter also.
5. SEZ are various than EPZ.
6. The currency of China is Ringlet.
7. In case of exports, attractive packaging will not enhance the marketability of product.
8. Duty exemption schemes are provided as part of export incentive.
Q. 4. Expand the subsequent terms: eight marks
1. DGFT 2. DDU 3. RCMC 4.C&F
5. ICC 6. IMF 7. FEMA 8. SEZ
Part B
Solve any three ques.. every ques. carries 16 marks.
Q.5. Why is it necessary to have International Trade for any country? what are the Indian Govt Policy on foreign trade with difference ranging from items under OGL and Negative List. Also write briefly about the role of DGFT in implementing the Govt Policy.
Q.6. Write short notes on subsequent (any four)
i) Export of Roses from India
ii) Importance of Export Documentation
iii) Export Promotional Schemes
iv) Forex Dealing
v) Incoterms
vi) Trade Blocks
Q.7. Why is it necessary to have L/C in international transactions? Write briefly on various kinds of L/C?
Q.8. Illustrate the import cycle for import of bulk chemical from Korea to India?
Q.9. What constitutes export and elaborate the kinds of exports? elaborate pre-requisite to begin an export business?
Q.10. Distinguish ranging from subsequent (any four)
i) Balance of Payment & Balance of Trade
ii) IEC & RCMC
iii) EOU & SEZ
iv) Bill of Entry & Shipping Bill
v) Need for Imports & Need for Exports
vi) FOB & CIF
Part C - Compulsory
Q.11. M/s Suzlon Energy, Mumbai is interested in import of transformer unit for their plant near Kandla at the rate of USD 396 per unit on FOB German port basis.
compute the subsequent values:
(a) Basic Customs Duty (BCD)
(b) Countervailing Duty (CVD) including cess
[c] SAD
[c] CIF values in Rs
(d) Total cost in Rs
Use subsequent data for computation purpose:
(a) Marine insurance @ 1% of C&F
(b) Landing Charges @ 1% of CIF
(c) Exch. Rate: one USD = Rs 39.96
(d) BCD 7.5%, CVD 14.42 %, SAD 4%
(e) Assessable Value = CIF value + Landing charges
(f) Ocean Freight 3% of FOB
You may presume any data if needed.
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1
INDIAN INSTITUTE OF MATERIALS MANAGEMENT POST GRADUATE DIPLOMA IN MATERIALS MANAGEMENT GRADUATE DIPLOMA IN MATERIALS MANAGEMENT
Paper 7 (Old and New) - Common International Trade
Date: 16.06.2008 Time: 10.00 AM to 1.00 PM
Max Marks: 100 Duration: 3Hrs
Note : 1. Part A contains 4 main questions (with 8 sub questions) Each question carries 1 mark.
2. Part B - Answer any 3 questions out of 6 questions. Each question carries 16 marks.
3. Part C is compulsory and it is a case study. Total Marks=20
Part A
Q.1. Select the most appropriate answer from the options given: 8 marks
a) Bill of Entry is required for customs clearance in case of
(1) Import (2) Export (3) Trading (4) Personal Baggage
b) Cenvat Credit is available on
(1) CVD (2) Cess on CVD (3) SAD (4) All of above
c) The normal validity of IEC is
(1) 1 year (2) 3 years (3) 5 years (4) No limit
d) Which Incoterm is applicable in country of export?
(1) CIF (2) C&F (3) FAS (4) DDP
e) Shipping Bill is required in case of
(1) Import (2) Export (3) Both import & export (4) None of above
f) Domestic Purchasing is a method in
(1) Direct Export (2) Physical Export (3) Real Export 4) Indirect Export
g) Which one of the following is a pre-shipment finance?
(1) Packing Credit (2) Clean Credit (3) Loan Finance (4) Credit Finance
h) The preferred L/C by exporter is
(1) Irrevocable, unconfirmed, with credit
(2) Revocable, unconfirmed, at sight
(3) Irrevocable, confirmed, at sight
(4) Revocable, confirmed, at sight
Q.2. Match the following: 8 Marks
A
B
1) Trade Block
a) EPCG
b) SAARC
c) IEC
d) RCMC
e) FOREX
f) EODC
g) Cenvat Credit
h) Incoterms
2) CIP
3) Valid for 5 years
4) CVD
5) Obligation Certificate
6) Export Promotional Scheme
7) DGFT
8) Exchange Rate Variation
Q.3. State whether the following statements are True or False. 8 marks
1. Export of imported goods in any form or condition is known as re-export.
2. The L/C is governed by UCPDC.
3. In case of export on FOB basis, the responsibility of customs clearance lies with importer.
4. A merchant exporter can be manufacturer exporter also.
5. SEZ are different than EPZ.
6. The currency of China is Ringlet.
7. In case of exports, attractive packaging will not enhance the marketability of product.
8. Duty exemption schemes are given as part of export incentive.
Q. 4. Expand the following terms: 8 marks
1. DGFT 2. DDU 3. RCMC 4.C&F
5. ICC 6. IMF 7. FEMA 8. SEZ
Part B
Solve any 3 questions. Each question carries 16 marks.
Q.5. Why is it necessary to have International Trade for any country? Elaborate the Indian Govt Policy on foreign trade with difference between items under OGL and Negative List. Also write briefly about the role of DGFT in implementing the Govt Policy.
Q.6. Write short notes on following (any four)
i) Export of Roses from India
ii) Importance of Export Documentation
iii) Export Promotional Schemes
iv) Forex Dealing
v) Incoterms
vi) Trade Blocks
Q.7. Why is it necessary to have L/C in international transactions? Write briefly on different types of L/C?
Q.8. Illustrate the import cycle for import of bulk chemical from Korea to India?
Q.9. What constitutes export and what are the types of exports? What are prerequisite to start an export business?
Q.10. Distinguish between following (any four)
i) Balance of Payment & Balance of T rade
ii) IEC & RCMC
iii) EOU & SEZ
iv) Bill of Entry & Shipping Bill
v) Need for Imports & Need for Exports
vi) FOB & CIF
Part C - Compulsory
Q.11. M/s Suzlon Energy, Mumbai is interested in import of transformer unit for their plant near Kandla at the rate of USD 396 per unit on FOB German port basis.
Calculate the following values:
(a) Basic Customs Duty (BCD)
(b) Countervailing Duty (CVD) including cess
(c) SAD
[c] CIF values in Rs
(d) Total cost in Rs
Use following data for calculation purpose:
(a) Marine insurance @ 1% of C&F
(b) Landing Charges @ 1% of CIF
(c) Exch. Rate: 1 USD = Rs 39.96
(d) BCD 7.5%, CVD 14.42 %, SAD 4%
(e) Assessable Value = CIF value + Landing charges
(f) Ocean Freight 3% of FOB
You may assume any data if required.
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