Q. The --------------is the premier organization in the country, which offers credit risk insurance cover to exporters, banks, etc.
✅ Correct Answer: (C)
ECGC
Export Import Procedures and Documentation MCQs and Notes
Q. The objective of _____ is to neutralize the incidence of basic customs duty on the import content of the export product.
✅ Correct Answer: (C)
Duty Entitlement Passbook Scheme
Q. FDI limit in SEZs is
✅ Correct Answer: (D)
100%
Q. When SEZ Act was passed?
✅ Correct Answer: (D)
2005
Q. The EXIM policy is updated every year on
✅ Correct Answer: (B)
31st March
Q. Earlier Advance Authorization Scheme used to be called as
✅ Correct Answer: (B)
Advance License Scheme
Q. Which enables an exporter to import capital goods, like plant and machinery at concessional import duty?
✅ Correct Answer: (B)
EPCG license