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International Business - II

Question

Wired Faculty App

Which of the following statement is not true ?
Letter of credit is issued by importer’s bank
Indigeneous law is enforced in foreign trade
Most of foreign trade is done through sea
None of these

Solution

C.

Most of foreign trade is done through sea

Some More Questions From International Business - II Chapter

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.

Write down full name of EPZ and SEP.

Write the full name of GATT.

Write down any two advantages of WTO.

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