Q.1(a)Explain the following terms/concepts in about 30 words (any eight):-16
1.Duty Drawback.
2.Negative list of Exports.
3.Product Positioning.
4.TRIM'S.
5.MODVAT.
6.Back- to - Back L/C.
7.Certificate of Origin.
8.SEZ.
9.Seed Capital Scheme.
10. LIBOR.
11. IEC Number.
(b)Give full forms:-
(i)SAPTA.
(ii)NAFED.
Q.2Answer any two from the following:-16
(a)Explain the problems faced by Indian exporters in overseas markets.
(b)Explain the composition of India's exports during the last decade.
(c)Explain the implications of WTO for a developing country like India.
(d)Explain the importance of exports for a developing country.
Q.3Answer any two from the following:-16
(a)Discuss the procedure in selecting overseas markets.
(b)Distinguish between Direct Exporting and Indirect Exporting.
(c)What are Star Export Houses? Explain their functions.
(d)Explain the implications of Foreign Trade Policy: [FTP] 2004 -2009.
Q.4(a)Answer any two from the following:-16
(i)What is break-even point?
From the following cost data of Rolta Ltd., Calculate the minimum FOB price to be quoted by them for an export order of 1000 units if they want a profit margin of 15 % of FOB cost.
Material Cost
Rs. 40 per unit
Labour Cost
Rs. 15 per unit
Overheads
Rs. 5 per unit
Packing and transportation Cost
Rs. 5 per unit
The company will be entitled for 10 % Duty Drawback assistance on FOB price.
Conversion rate $ 1 = Rs.45
(ii)Explain- in brief, the various export pricing strategies.
(iii)Explain the procedure to obtain post shipment credit.
(iv)Discuss the forfeiting scheme of EXIM bank.
Q.5Answer any two of the following:-16
(a)Explain the customs and shipping formalities for exports.
(b)Explain the procedure to appoint Custom House Agent.
(c)Explain the types and importance of Bill of Lading.