Receipt of Enquiry and Sending Quotation

Q.

What is International business?

Q.

Which kind of business involves manufacturing and trade beyond the boundaries of one's own country?

1. Internal Trade

2. International Business

3. Trade

4. All of the above

Q.

Distinguish between goods and services.

Q. Export and import of machines are recorded in capital account of the balance of payments account.

1. True
2. False

Q.

A proforma invoice ensures that the buyer will receive the best quality of goods.

1. False

2. True

Q.

An invoice that contains all the information regarding the good such as price, quality, grade, size, weight, mode of delivery, type of packaging and payment terms.

1. Invoice

2. Bill of Lading

3. Proforma Invoice

4. All of the above

Q.

A new exporter in the market had to run a quality check inspection. The two option of inspection that he could follow are :

1. In-process quality control, Self certification

2. None of the above

3. In-process quality control, Consignmentwise inspection

4. Self-certification, Consignmentwise inspection

Q. Proforma invoice contains details like the quantity, price, weight of goods etc.

1. False
2. True

Q. Letter of credit is a surity that the importer will make payment to the bank and the bank will make payment to the exporter.

1. False
2. True

Q. Creditworthiness is an assessment by any lender or seller to ensure that the borrower or buyer can repay on time.

1. False
2. True