IGNOU B.COM AED1 IMPORTANT QUESTIONS FOR DECEMBER 2020 EXAM

 

IMPORTANT QUESTIONS

AED 01

 1. Why is international trade important in our country? Discuss with example and state the sources of information for international trade.        

 2. Distinguish between spot rate and forward rate. Discuss the method of dealing foreign Exchange risk.      


 3. Explain foreign Exchange regulations concerning exports under the exchange control regulations.   


4.  What are the different types of loses related to cargo insurance? How these losses can be covered by the cargo insurance policy? Explain self certification system of quality control and inspection of export cargo.  


5. Explain the procedure of custom clearance formalities along with the documentation requirements and formalities.  

6 What is duty drawback scheme? Explain the procedure for claiming drawback along with documentation requirements and formalities.



 7. Discuss the role of Export Credit Guarantee Corporation (ECGC) of India in promoting exports.  Also describe the various risk cover policy issued by ECGC. Describe the different kinds of policies and financial guarantee issued by ECGC.  


8. a. Describe the method of quality control and pre shipment inspection of the export cargo. Also describe the various stages involved in the shipment of Export cargo.   


 b. State the steps involved in the processing of export order. Discuss any 4 steps in detail.  


  9.  What do you mean by post shipment finance?  Explain various types of post shipment finance available to Indian exporters.   


10. What is letter of credit? Explain the mechanism of realising payment under the letter of credit arrangements.   


11. Identify the instructions providing technical and specialized service to the export sector in India and specify their roles.   



12.  "In export import trade , people deal in documents and not in goods". Critically examine this statement.      



13.   Distinguish between the following: 
  •  Domestic sale contract and export sale contract.  
  • Documents against payment and documents against acceptance. 
  •  Liner shipping services and tramp shipping services.  
  • Financial incentives and fiscal incentives.          

14.   Write short notes on the following: 


  •  Promoting products abroad. 
  •  Tramp shipping services. 
  • Legal documents in importing countries.  
  • Role of clearing and forwarding agent. 
  • Duty entitlement pass book. 
  • General provision related to import and export.
  •  Methods of dispute settlement. 
  • India Trade Promotion Organization. 
  • General Conditions in export Contract.  
  • Export Promotion Council. 
  • Air freighting. 
  • VANS. 
  • Inter Modal transportation. 
  •  Bill of lading.

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