IGNOU AED-01 Dec 2017 Question Paper

Note: Answer any four questions, including question no. 7 which is compulsory.

Q1. Why is international trade important for a country? Discuss with examples and state the sources of information for international trade.

Q2. Distinguish between:

(a) Domestic sales contract and export sales contract

(b) Documents against Payment and Documents against Acceptance

This Question Answer is Here

Q3. Describe the foreign exchange regulation concerning exports under the exchange control regulation.

Q4. Distinguish between spot rate and forward rate. Discuss the methods of dealing with foreign exchange risks.

Q5. Explain various kinds of perils with suitable examples under the cargo insurance.

Q6. Explain the procedure of customs clearance formalities, along with the documentation required at each step.

Q7. What is duty drawback scheme? Explain the procedure for claiming duty drawback along with the documentation requirements and formalities.

Q8. Write short notes on any two:

(a) Promoting Products abroad

(b) Legal Documents in Importing Countries

(d) Open cover