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IB0018-Export-Import Finance

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Winter-2015
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Master of Business Administration - MBA Semester 4
IB0018-Export-Import Finance
Book ID-B1910
Assignment (60 Marks)
Note: Answers for 10 marks questions should be approximately of 400 words. Each question is
followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60.
Q1. Discuss the role of EXIM bank in promoting foreign trade
Answer. Role of EXIM bank in promoting foreign trade
The Export-Import Bank of India, also known as Exim Bank of India, is the leading export finance
institution in the country. The bank was set up in the year 1982 under the Export-Import Bank of
India Act 1981. The Government of India launched the Export-Import Bank Of India with an aim to
Q2. What is the need for export finance in India? Write a short note on export financing
facilities in India.
Answer. Need for export finance
Export finance refers to financial assistance extended by banks and other financial institutions to
businesses for the shipping of products outside a country or region. Export financing enables
MSMEs to expand its reach to a global audience. Export financing is a major component of
successful export transactions. Exporters need finance for purchasing, processing, packaging and
Q3. As an exporter, what benefits you can get from Post shipment finance scheme? Discuss the
types of post shipment credits.
Answer. Post shipment finance scheme
Post shipment finance may be defined as a loan or advance granted by banks to their exporter
clients after the shipment of goods till the date of receipt of payment from overseas buyer or
credit opening bank. It is a short-term credit provided by banks to exporters to meet their working
Q4. Write short notes on:
a) Export credit Guarantee Corporation
b) Foreign exchange risk
Answer. a. Export credit Guarantee Corporation
Almost all countries of the world have set up organizations in their countries to provide credit risk
insurance facilities to their exporters. In India, Government of India has set up ECGC to cover
export credit risk. In 1957, Government of India set up the Export Risk Insurance Corporation of
India. In 1964, the name was changed to Export Credit and Guarantee Corporation Ltd. Once again
Q5. Discuss the payment options available to exporter and importer.
Answer. Payment options available to exporter and importer
There are 3 standard ways of payment methods in the export import trade international trade
market:
 Clean Payment
 Collection of Bills
 Letters of Credit L/c
Q6. What is custom duty? Discuss its types.
Answer. Custom duty
A tax levied on imports (and, sometimes, on exports) by the customs authorities of a country to
raise state revenue, and/or to protect domestic industries from more efficient or predatory
competitors from abroad.
Winter-2015
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