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National
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Chennai -
020
EMBA/ MBA
Export and
Import management (Part -2)
Attend any 4
questions. Each question carries 25 marks
(Each answer
should be of minimum 2 pages / of 300 words)
Q. 1. What
is a Foreign Exchange and how it works? Explain with examples.
Answer:The foreign exchange market
(forex, FX, or currency market) is a global decentralized market for the
trading of currencies. In terms of volume of trading, it is by far the largest
market in the world. The main participants in this market are the larger
international banks. Financial centres around the world function as anchors of
trading between a wide range of multiple types of buyers and sellers around the
clock, with the exception of weekends. The foreign exchange market determines
the relative values of different currencies.
The
foreign exchange market works through financial
Q. 2. Explain
the role of the Export Credit Guarantee Corporation of India.
Answer: The ECGC Limited (ECGC) was
established on 30 July 1957 with an objective to provide insurance cover in
respect of risks in export trade. These risk may include loss of money on
account of foreign buyer becoming bankrupt or sudden import or exchange
restrictions resulting in stopping of payments etc. The Export Credit Guarantee
Corporation of India Limited is a company wholly owned by the Government of
India based in Mumbai, Maharashtra. It provides export credit insurance support
to Indian exporters and is controlled by the Ministry of Commerce. Government
of India had initially set up Export Risks Insurance
Q. 3. What
are the standardized pre-shipment export document practices in India? Explain.
Answer:
Q. 4. What
is ISO 14000 and what Standards does it contain so far. Explain.
Answer:ISO today published revised,
improved versions of its ISO 14001 and ISO 14004 standards and expects them to
put the benefits of implementing an environmental management system (EMS)
within the reach of an even greater number and variety of organizations
worldwide.
"These
standards represent the state of the art in
Q. 5. What
is the purpose of the Quality Manual? Explain.
Answer:'Documentation' means anything
written down or captured in some form: written procedures, policies,
checklists, forms, or graphics, drawings, flowcharts, diagrams, even IT
systems.
'Quality
documentation' means the documents that describe your quality system and say
how it should operate.
A
system must be documented to achieve ISO 9001 certification, because it's one
of the mandatory requirements of the Standard.
Q. 6. Explain
the procedure and documentation when a loss arises during Export of Goods.
Answer:
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