Business Studies - Module 8 (Internal & External Trade)

When buying and selling of goods take place across the national boundaries of

different countries it is called

• Internal Trade

• External trade

• Both

• Not sure

Indian Government purchases petroleum products, electronic goods, gold, machineries, etc., from other countries 

• Import trade

• Export Trade

• Entrepot trade

 If an Indian company imports rubber from Thailand and exports it to Japan

• Import trade

• Export trade

• Entrepot trade

Trading in Oil, machinery, food, clothes is

• Visible trade

• Invisible trade

• Either of these

Shipping and insurance services, services to foreign tourists, services of foreign technicians are examples of

• Visible trade

• Invisible trade

They help importer and exporter in sending and receiving the order of goods along with other instructions.

• Export Houses

• Indent Houses

• Shipping company

• Not sure

These officials are appointed by the government in its embassy to represent the country’s trade-interests abroad.

• Insurance company

• Trade Commissioner

• Trade representatives

• B & C

To ensure that only good quality products are exported from our country, the Government of India has made compulsory ___________ of goods

• Pre-shipment inspection

• Excise clearance

• packing and marking

• production

The captain or mate will issue a receipt known as ________ after the goods have been loaded

• Captains receipt

• Ship reciept

• Mates Receipt

• Any of these

In India Import license is obtained from the ______

• DTGF

• DFTG

• DGFT

• Confused