Madhya Pradesh Bhoj Open University 2008 Diploma Material Management GDMM,PGDM - Question Paper
INDIAN INSTITUTE OF MATERIALS MANAGEMENT
POST GRADUATE DIPLOMA IN MATERIALS MANAGEMENT
GRADUATE DIPLOMA IN MATERIALS MANAGEMENT
PAPER - seven (NEW/OLD)
INTERNATIONAL TRADE
DATE : 15.12.2008
INDIAN INSTITUTE OF MATERIALS MANAGEMENT Post Graduate Diploma in Materials Management Graduate Diploma in Materials Management
PAPER -7 (New/Old)
International Trade
Date: 15.12.2008 Max Marks: If0
Time: 10 OO/'to 1.00PM Duration: 3 Hoi rs
Note : 1 Part A contains 4 main questions (with 8 sub questions) Each question
carries 1 mark. Total Marks 32
2. Part B - Answer any 3 questions out of 5 questions. Each question
carries 16 marks. Total Marks: 4B
3 Pari 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: S marks
a) The normal validity of I EC is
(1) 1 year (2) 3 years (3) 5 years (4) Indefinite
b) Bill of Exchange a document for
(1) Customs (2) Sales Tax (3) Excise (4) Payment
c) The normal validity of DEPB License is
(1)12 months (2) 18 months (3) 24 months (4) 36 months
d) Which Incoterm is applicable in country of import?
(1) FOB (2) C&F (3) FAS (4) Ex works
e) GR form rs required in case of
(1) Import (2) Export (3) Both import & export (4) None of above
f) Which one of the foflowing is an insurance credit?
(1) ECGC (2) DEEC (3) DEPB (4) DGFT
g) Export of imparted goods in any form or conditian is known as
(1) Real Export (2) Physical Export (3) Deemed Export (4) re-export
h) In general, payment methods are
<l)One (2) Two
(3) Four (4) Five
Q: 2 Match the following: 8 Marks
a) Bill of Entry 1) Export Customs Document
b) Shipping Bill 2) Type of customs duty
c) FOREX 3) UCPDC
d) L/C 4) CVD
) DDP 5) Customs Manifest
01GM 6) Import Customs Document
g) Cenvat Credit 7) Exchange Rate Variation
b) SAD 8) Incoterm
1. Balance of Trade is different than Balance of Payment.
2. HSN is 9 digit classification methods.
3. Customs Valuation Rules were introduced in 1988.
4. Aligned documentation system is applicable for customs clearance.
5. FERA is replaced by FEMA
6. The currency of New Zealand is Dollar.
7. EOU is different than SEZ
8. Duty exemption schemes are given to control the exports.
Q : 4 Expand the following terms . 8 marks
1. GATT 2. BoP 3. WTO 4.IBRD
5. HSN 6. IMF 7. CoO 8. IDA
Solve any 3 question*. Each question carries 16 marks.
Q: 5 What Oo you mean by importation? What is the importance of importation for the economy of any country? Elaborate different steps involved in importation?
Q; 9 Write short notes on following (any four)
I) Consumer Packaging
ii) Export Documentations
iii) Functions of Customs Dept
iv) EXIM Policy
v) EPCC swicine
vi) Principles of GATT
Q: 7 What is HSN system? Which rules are generally followed for interpretation of HSN? Explain the digit classification method?
Q: 8 What is export finance? What is the importance of export finance? What is pre-shipment finance?
Q: 9 Distinguish U i.veen following (any four)
i) GATT & WTO
ii) World Bank & IBRD
ill) Balance of Payment & Balance of Trade
iv) Bill of Lading & Shipping Bill
v) At Sight L/C & With Credit L/C
Q: 10 M/s Jet Airways, Mumbai office is working out for import of spare turbo engine for their aircraft at the rate of USD 125 per urit on FOB US main port basis.
Calculate the following values
(a) Basic Customs Duty (BCD)
{bj Countervailing Duty (CVD) if eluding cess
(c) Cess on total duty
(d) SAD
(e) CIF values in Rs
(f) Total cost in Rs
Use following data for calculation purpose: j
I
(a) Marine insurance @ 1% of C&F
(b) Landing Charges @ 1% of CIF
(c) Exch. Rate : 1 USD = Rs 48.68 i
(d) BCD 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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