1. The Trade fair Authority of India (TfAI) and the Trade Development Authority (TDA) were merged together in 1992 and the new organisation brought into inception was renamed as
_______.
(a) State Trading Corporation of India Limited (STC)
(b) India Trade Promotion Organisation (ITPO)
(c) Indian Council of Arbitration (ICA)
(d) National Centre for Trade Information (NCTI)
2. To start the export import business in India, the first step is to _______.
(a) register with Director General of foreign Trade
(b) obtain an Importer-Exporter Code (IEC) number
(c) register a company in India
(d) any of these
3. In India, exports and imports are regulated by the _______.
(a) foreign Exchange Management Act
(b) Competition Act
(c) Companies Act
(d) foreign Trade (Development and Regulation) Act
4. Once the initial registration is complete, the next step is to register the company with _______
(a) Relevant Tax Authorities (b) The Export Promotion Council (EPC)
(c) Registrar of Companies (d) None of these
5. _______ deals with the regulations surrounding export policy and other issues surrounding
certain exports.
(a) Export Policy Schedule II (b) ITC (HS) Import Schedule I
(c) Both (a) and (b) (d) Neither (a) nor (b)