Business Studies

Which of the following documents are not required for obtaining an export license?


ANSWER

Letter of credit


SOLUTION
Letter of credit is an instrument issued by bank after request made by a foreign buyer that payment will be made to the exporter i.e. the beneficiary. It is useful where buyers and sellers do not know each other personally and are separated by distance. Hence, it is not required for obtaining an export license.
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 197
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
The emergence of software exports  accounts for about of _____ India's total services exports.
  • A. 45%
  • B. 49 %
  • C. 46%
  • D. 48%

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 TRUE/FALSE Medium
The Trade Agreement has boosted the total trade between India and ASEAN substantially.
  • A. True
  • B. False

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
Which among the following is not grouped as Primary product under the commodity composition of India's exports?
  • A. Agricultural and allied
  • B. Ores and minerals
  • C. Textiles
  • D. All of the above

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
The International Development Association (IDA) was established in _______________.
  • A. 1944
  • B. 1947
  • C. 1960
  • D. 1965

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 TRUE/FALSE Medium
International trade takes place when buyers find foreign markets cheaper to buy in and sellers find them more profitable to dispose of their products than the domestic market.
  • A. True
  • B. False

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer