Q.8:- Write a detailed note on features, structure, objectives and functioning of WTO.   Answer:- GATT was transformed into World Trade Organisation (WTO) with effect from 1st January 1995. The headquarters…

Q.7:- What is IMF? Discuss its various objectives and functions.   Answer:- International Monetary Fund (IMF) came into existence in 1945 with an aim to evolve an orderly international monetary system,…

Q.6:- What is World Bank? Discuss its various objectives and role of its affiliated agencies.   Answer:- The World Bank was established in 1944, the international Bank for Reconstruction and Development…

Q.5:- Identify various organizations that have been set up in the country by the government for promoting country’s foreign trade.   Answer:- Various organizations that have been set up in the…

Q.4:-  List and explain various incentives and schemes that the government has evolved for promoting the country’s export.   Answer:- Major export promotion measures are as follows (i) Duty Drawback Scheme…

Q.3:- Discuss the principal documents used in exporting.   Answer:- Following are the principal documents used in exporting (i) Documents Related to Goods (a)Export Invoice Export invoice is a sellers’ bill…

Q.2:- Your firm is planning to import textile machinery from Canada. Describe the procedure involved in importing.   Answer:- Following is the procedure involved in importing textile machinery from Canada (i)…

Q.1:- Rekha Garments has received an order to export 2000 men’s trousers to Swift Imports Limited located in Australia. Discuss the procedure that Rekha Garments would need to go through for…

Q.16:- Write short notes on the following (i) UNCTAD (ii) MIGA (iii) World Bank (iv) ITPO (v) IMF   Answer:- (i) UNCTAD: The United Nation Conference on Trade and Development was…

Q.15:- List out major affiliated bodies of the World Bank.   Answer:- Major affiliated bodies of the World Bank are (i) International Bank for Reconstruction and Development (IBRD) (ii) International Financial…