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प्रश्न
State True or False.
Letter of Credit is required for obtaining export license.
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उत्तर
This statement is false.
Explanation:
An export license is a document issued by the government that allows a business to export certain goods to specific destinations. On the other hand, a Letter of Credit is a financial instrument issued by a bank to guarantee payment to the exporter once the terms of the export contract are fulfilled.
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संबंधित प्रश्न
Which one of the following is not amongst India's major export items?
Which one of the following is not amongst India's major import items?
State True or False.
Maintaining high quality is necessary to sustain in export business.
Correct the underlined word and rewrite the following sentence:
Export trade refers to the purchase of good and services from foreign country
Study the following case/situation and express your opinion.
| Anurag is selling goods to Japan Kavita is buying goods from USA where as Ganesh is buying raw material from South Africa and after processing it sells finished goods to Malaysia. |
Who is exporter?
Distinguish between the following:
Import trade and export trade.
EPC stands for ______.
The Exporters appoint the ______ agent to fulfill the customs formalities
What is meant by Indent?
Write any two export promotion institutions.
What is meant Charter Party?
What are the procedures relating to Export trade?
What are the documents used in Export Trade?
Explain the various functions of Export Trading Houses.
Which is a disadvantage of export trade?
