What is pre-shipment finance?

Solution

Pre-shipment finance : It is required for by exporter for undertaking export production i.e. to procure raw material and other components, processing and packing of goods and transportation of goods to the port of shipment etc.

Some More Questions From International Business - II Chapter

What purpose is served by World Bank and its affiliates ?

What purpose is solved by IMF (International Monetary Fund) ?

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International Business - II

What is pre-shipment finance?

Some More Questions From International Business - II Chapter

What purpose is served by World Bank and its affiliates ?

What purpose is solved by IMF (International Monetary Fund) ?

When GATT was evolved ?

Give meaning of WTO agreement.

Give the steps involved in the import of goods taken by one country.

Briefly explain “Advance license scheme” announced by Government of India to promote foreign trade.

Briefly explain “export promotion capital goods scheme”.

Which documents must be submitted to obtain IEC number ?

What is the main objective of WTO?

Write down any three features of international business.

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