Data Analytics, AI and Risk management under Customs

How can data analytics be used in customs to improve efficiency?

• By identifying high-risk shipments for manual inspection.

• By predicting anamolies in transactions

• By predicting future trade trends.

• All of the above.

Which agency is responsible for Risk management in Customs for Cargo ?

• NCTC (Passenger) ,DGARM

• GSTIN

• NCTC(Cargo),DGARM

• NACIN

Which are GST related risks in Customs ?

• Fake and Non existing GSTINs

• Overvaluation of Exports by exporters

• Supply chain related risks

• All the above

Generative AI is a type of AI that:

• Focuses on learning and adapting from data

• Creates new data based on patterns it has learnt

• Analyzes large datasets to identify trends

• Requires minimal human intervention to operate.

Which are essential functions of Customs Risk management agency - NCTC (Cargo) ?

• Targeting risky shipments

• Facilitation of low risk cargo like AEOs

• Issue Risk Reports on National Risks

• All the above

Which technology can enhance data analysis in customs operations?

• Blockchain technology

• All of the above

• Machine learning algorithms

• Cloud computing

What is a common challenge faced in Customs Risk management?

• All of the above

• Insufficient data for analysis

• High volume of low-risk shipments

• Inconsistent regulations across countries