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SAI INTERNATIONAL SCHOOL

CLASSS XI

SUBJECT: BUSINESS STUDIES

CHAPTER -10, International trade

Topics: Export Trade, Objectives, Procedures

(HOME ASSIGNMENT-51)

Assignment

Multiple questions.

1. ________is an order to the importer to pay a certain amount of money to,
or to the order of, a certain person or to the bearer of the instrument.
(a) Promissory notes
(b) Trade agreement
(c) Bills of exchange
(d) None of the above
2. The goods must be cleared from the _______before these can be loaded on
the ship.
(a) Warehouses
(b) Port
(c) Customs
(d) Exporter
3. A _______is an instruction to the captain of the ship that the specified
goods after their customs clearance at a designated port be received on
board.
(a) Transactions document
(b) Export agreement
(c) Customs agreement
(d) Shipping order
4. Once a confirmed order and also a letter of credit have been received, the
exporter approaches his banker for obtaining ________to undertake export
production.
(a) Ordered goods
(b) Advances
(c) Security
(d) Pre-shipment finance