Session 2 Exports

Exports are goods that are produced in your own country and shipped to another country for sale

• True

• false

Exports are often referred to when speaking about national or domestic trade,

• True

• False

Export trade is regulated by the following body.

• FICCI

• DCGI

• SEBI

• DGFT

Which among the following are the methods of trade payment:

 

• Advance payments

• ·         Direct export payment

• ·         Documentary credit/MTT

• All of the above

P0103 is the purpose code used in the ---------- Export trade

• Realisation of export bills (goods only)

• Advance receipts against export (goods only)

• Goods sold under merchanting

• None of the above

Which among the following country is not a member of ACU Mechanism (Asian Monetary Unit)

• Bangladesh

• Bhutan

• Iran

• Mauritious

The Trade Transactions can be settled in following manner except for one.

• OPGSP

• ACU

• ADB

• TPA or FIRC

An MT103 is a standardised SWIFT payment message used specifically for cross border/international wire transfers.

• True

• False

MT103s is not accepted as proof of payments globally.

• True

• False

P0102 is the purpose code used for the following ---------in export trade

• Advance receipts against export (goods only)

• ·         Realisation of export bills (goods only)

• ·         Goods sold under merchanting / Receipt against export leg of merchanting trade*

• None of the above