TYBCom Export Marketing May 2019 University of Mumbai Paper Solution - MCQs with explanation
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Packaging helps in __________of the product.
a) Financing
b) Protection
c) Licensing
Answer: b) Protection.
Explanation: Packaging plays a vital role in protecting the product from damage during transportation, handling, and storage. It safeguards the product from external elements like moisture, heat, and sunlight, and prevents it from spoilage, breakage, or tampering.
FOB quotation includes __________.
a) Ex factory cost
b) Insurance
c) Marine Freight
Answer: a) Ex factory cost and c) Marine Freight.
Explanation: FOB (Free On Board) quotation includes the cost of the goods at the factory or warehouse (ex-factory cost) and the cost of transporting the goods from the factory to the port of shipment (marine freight). Insurance is not included in the FOB quotation.
Branding and Packaging are important considerations of ____________.
a) Trade Credit
b) Product Planning
c) Shipping formalities
Answer: b) Product Planning.
Explanation: Branding and packaging are critical components of product planning. The packaging design and brand image can influence a customer's perception of the product and impact their buying decision.
__________is the route by which the goods move to foreign buyers.
a) Advertising
b) Marking
c) Distribution channel
Answer: c) Distribution channel.
Explanation: The distribution channel is the path or route by which the goods move from the manufacturer to the end customer or foreign buyer. It involves a series of intermediaries such as wholesalers, retailers, and agents who facilitate the movement of goods.
__________ consist of techniques to induce a response from customers and intermediaries.
a) Inspection
b) Sales promotion
c) Labelling
Answer: b) Sales promotion.
Explanation: Sales promotion consists of a variety of techniques used to stimulate customer demand and encourage intermediaries to stock and promote the product. It includes techniques like discounts, coupons, contests, samples, and displays.
___________is the management of the flow of goods between the point of origin and the point of consumption.
a) Logistics
b) Warehousing
c) Packaging
Answer: a) Logistics.
Explanation: Logistics refers to the planning, implementation, and control of the movement of goods from the point of origin to the point of consumption. It involves activities like transportation, warehousing, inventory management, and order processing.
Packing credit is required for the___________ shipment.
a) After
b) Before
c) During
Answer: b) Before.
Explanation: Packing credit is a type of loan provided by banks to exporters to finance the purchase, processing, and packaging of goods before shipment. It is required before the shipment of goods to cover the working capital requirements of the exporter.
__________was established to provide medium and long-term finance to exporters in India.
a) ECGC
b) EXIM bank
c) DGFT
Answer: b) EXIM bank.
Explanation: EXIM (Export-Import) bank was established by the Government of India to provide medium and long-term finance to exporters in India. It also provides export credit insurance, guarantees, and advisory services to Indian companies.
9)_________is a commercial risk covered by ECGC.
a) Insolvency of the buyer
b) Civil Disturbance
c) War
Answer: a) Insolvency of the buyer.
Explanation: ECGC (Export Credit Guarantee Corporation) provides credit insurance to Indian exporters against commercial and political risks. Insolvency of the buyer is a commercial risk covered by ECGC, which protects the exporter in case the buyer defaults on payment.
___________certifies the consular-invoice.
a) IIP
b) Commodity Boards
c) Consulate
Answer: c) Consulate.
Explanation: A consular-invoice is a document required by some countries that certifies the origin, value, and quality of the goods being exported. The consulate of the importing country verifies and certifies the consular-invoice to ensure that the information provided is accurate.
11)__________issues the registration cum membership certificate.
a) DGFT
b) EPC
c) Chamber of commerce
Answer: c) Chamber of Commerce.
Explanation: The registration-cum-membership certificate (RCMC) is a certificate issued by the relevant chamber of commerce to an exporter as proof of their registration as a member of the chamber. It is required to avail benefits under various export promotion schemes.
12)__________states that the goods which are exported are from a specific country.
a) Bill of Lading
b) Certificate of origin
c) Shipping Bill
Answer: b) Certificate of origin.
Explanation: A certificate of origin is a document that certifies the origin of goods and states that they were produced, manufactured, or processed in a specific country. It is required by the importing country to determine the applicable tariffs and trade policies. The certificate of origin is issued by the chamber of commerce or other authorized agencies.