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Questions and Answers
According to the passage, which mode of payment is allowed for imports into Pakistan?
According to the passage, which mode of payment is allowed for imports into Pakistan?
- Registered Contract
- Cash on delivery
- Traveler's check
- Letter of credit (correct)
What is the condition for allowing Ex-works (EXW) imports according to the passage?
What is the condition for allowing Ex-works (EXW) imports according to the passage?
- Insurance from the supplier's warehouse is arranged by the applicant
- Remittance against import shall be made against presentation of shipping documents at the applicant's bank counter
- Neither a nor b
- Both a and b (correct)
For import of goods on incoterms other than those mentioned in the paragraph, what is required?
For import of goods on incoterms other than those mentioned in the paragraph, what is required?
- No additional requirement
- Approval from the Ministry of Commerce
- Payment through a registered contract
- Prior permission of the Foreign Exchange Operations Department, SBP (BSC) Bank (correct)
What is the purpose of the Electronic Import Form (EIF) in WeBOC mentioned in the passage?
What is the purpose of the Electronic Import Form (EIF) in WeBOC mentioned in the passage?
Which of the following is NOT a mode of payment for imports into Pakistan mentioned in the passage?
Which of the following is NOT a mode of payment for imports into Pakistan mentioned in the passage?
What is the purpose of the regulatory instructions mentioned in the passage regarding modes of payment for imports?
What is the purpose of the regulatory instructions mentioned in the passage regarding modes of payment for imports?
Which of the following is NOT a permitted type of letter of credit for imports?
Which of the following is NOT a permitted type of letter of credit for imports?
What is the purpose of the Imports and Exports (Control) Act, 1950 mentioned in the text?
What is the purpose of the Imports and Exports (Control) Act, 1950 mentioned in the text?
Which of the following is a mode of payment for imports?
Which of the following is a mode of payment for imports?
What is the purpose of the Electronic Import Form (EIF) in WeBOC mentioned in the text?
What is the purpose of the Electronic Import Form (EIF) in WeBOC mentioned in the text?
Which of the following is a term of imports?
Which of the following is a term of imports?
Which of the following is NOT mentioned in the text as a mode of payment for imports?
Which of the following is NOT mentioned in the text as a mode of payment for imports?
What type of Letter of Credit is not permitted according to the given text?
What type of Letter of Credit is not permitted according to the given text?
What should an Authorized Dealer do if they receive an application for opening a clean or transferable Letter of Credit?
What should an Authorized Dealer do if they receive an application for opening a clean or transferable Letter of Credit?
Under what circumstances is it not permissible to issue a Letter of Credit or register a contract for import of goods into Pakistan?
Under what circumstances is it not permissible to issue a Letter of Credit or register a contract for import of goods into Pakistan?
What is the first step in making import payments on the basis of registration of a contract without opening a Letter of Credit?
What is the first step in making import payments on the basis of registration of a contract without opening a Letter of Credit?
What document is required for an Authorized Dealer to verify the increased quantity of goods in a consignment?
What document is required for an Authorized Dealer to verify the increased quantity of goods in a consignment?
According to the given text, which of the following statements is true regarding imports into Pakistan?
According to the given text, which of the following statements is true regarding imports into Pakistan?
