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National Institute of Business Management
Chennai - 020
FOURTH SEMESTER
MBA
Subject : International Trade Management
Attend any 4
questions. Each question carries 25
marks
(Each answer should be of
minimum 2 pages / of 300 words)
Q.
1. Why Incoterms 2000 is needed?
Answer:
The Incoterms rules or International Commercial Terms are
a series of pre-defined commercial terms published by the International Chamber
of Commerce (ICC). They are widely used in International commercial
transactions or procurement processes. A series of three-letter trade terms
related to common contractual sales practices, the Incoterms rules are intended
primarily to clearly communicate the tasks, costs, and risks associated with
the transportation and delivery of goods. The Incoterms rules are
Q.
2. Stipulate the duties and responsibilities in a contract agreement between a
seller and buyer w.r.t, cost, Insurance and Freight for International Trade.
Answer:
Q.
3. Explain the distinguishing features of foreign trade from domestic trade.
Answer:
Foreign trade is nothing but trade between the different countries of the
world. It is also called as International trade, External trade or
Inter-Regional trade. It consists of imports, exports and entrepot. The inflow
of goods in a country is called import trade whereas outflow of goods from a
country is called export trade. Many times goods are imported for the purpose
of re-export after some processing
Q.
4. Write an essay on International Monetary Fund.
Answer:
The International Monetary Fund (IMF) is an international organization
headquartered in Washington, D.C., in the United States, of 188 countries
working to foster global monetary cooperation, secure financial stability,
facilitate international trade, promote high employment and sustainable
economic growth, and reduce poverty around the world. Formed in 1944 at the
Bretton Woods Conference, it came into formal existence in 1945 with 29 member
countries and the goal of reconstructing the international
Q.
5. What is Foreign Trade policy and what is its impact on Foreign Trade?
Explain.
Answer:
All exports and import-related activities are governed by the Foreign Trade
Policy (FTP), which is mainly aimed at enhancing the country's exports and use
trade expansion as an effective instrument of economic growth and employment
generation.
As
part of the FTP strategy of market
Q.
6. Explain Foreign Exchange mechanism and Foreign Exchange Risk Management.
Answer:
25 x
4=100 marks
Dear
students get fully solved assignments
Send
your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call
us at : 08263069601
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