Export and Import management (Part -2)

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National Institute of Business Management
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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