CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Obtaining Export License

Why does an e...

Question

Why does an exporter register with the ECGC?

A

To protect overseas payments from commercial risks.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

To protect overseas payments from political risks.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

To protect overseas payments from commercial and political risks.

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
To protect overseas payments from commercial and political risks.

One of the reasons for an exporter to register with the ECGC: To protect overseas payments from commercial and political risks.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Registration with is necessary to protect overseas payments from political and commercial risks.

Q. Risk on the company due to non-payment of fixed financial charges is known as risk.

Q. In direct import/export, firms used middlemen to contact overseas buyers/sellers.

Q.  Consider the following statements with respect to masala bonds:

1. Bonds issued in the overseas market.

2.These are issued and repaid in rupee (rupee denominated).

3.The exchange rate risk is borne by the borrower.

Choose the correct answer from below.

Choose the most appropriate option to fill in the blanks with reflexive or emphasizing pronouns.

It is desirable that one protects ________ against risks. But sometimes, taking a risk ________ becomes quite tempting. [Advanced]

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Export Import Procedure

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Obtaining Export License

Standard XI Business Studies

Join BYJU'S Learning Program

CrossIcon