International Trade Practice Exam
International Trade
International trading is also known as import export business. It is one of the trending and commercially growing business in this decade and plays a vital role in our lives. These professionals not only grow academically but also provide their customers with growth in a very holistic manner. It is yet a very challenging job role but a professional with deep knowledge of all the concepts can ace their career with flying colours.
Who should take this exam?
This exam specially for executives, senior executives, and managers those are working in finance, forex, or international and wish to excel in their career.
Skills Required
• Communication skills
• Management skills
• Finance
• Trade law basics
• Interpersonal skills
Career Prospects
• Forex Trader
• Export manager
• Custom and trade manager
• International sales executive
• Head Global Trade Operations
Table of Content
International Trade
• Learning Regulations of International Trade
• Risks in International Trade
• Learning Top Trading Nations
• Learning Top Traded Commodities (Exports)
International Trade – WTO
• Learning GATT rounds of negotiations
• Learning Functions of WTO
• Learning Principles of the trading system
Export and Import
• Export
• Learning Advantages of Exporting
• Learning Disadvantages of Exporting
• Learning Ways of exporting
• Making the export decision
• Import
Starting Exports – Important steps
• Basic Requirements
• Learning IEC Number
• Export License
• Learning Export Samples
• Export Pricing
• Learning Steps for successful exporting
Export Documentation
• Learning Pre-shipment Documents
• Learning Post Shipment Documents
• Learning Export Documents
Payment Terms
• Payment in Advance
• Learning Letter of Credit
• Documentary Collections
• Open Account
INCOTERMS
• Classification
• Learning Multi Modal Transport Rules
• Learning Sea and Inland Waterway Transport Rules
• Learning Trade Rules
Methods of Financing Exporters
• Learning Pre-Shipment Finance
• Learning Post-Shipment Advance
Export Assistance
• Learning the importance of Export Assistance
• Export Promotion Measures in India
• Eligibility for Export/Trading/Star Trading/Super Star Trading Houses
• Rendering exports price competitive
• Learning Strengthening Export Marketing Effort
• Learning Special Economic Zones
• Learning Export Processing Zone /Export Oriented Units
Processing of an export order
• Nature and Format of Export Order
• Learning Examination and Confirmation of Export Order
• Learning Central Excise Clearance
• Pre-shipment Inspection
• Appointment of Clearing and Forwarding Agents
• Transportation of Goods to Port of Shipment
• Learning Port Formalities and Customs Clearance
• Certificate of Origin and Shipment Advice
• Learning Presentation of Documents to Bank
• Claiming Export Incentives
Imports
• Why Import
• Learning Global Sourcing
• Import Requirements and Documentation
• Learning Procedure to Import
• Learning Import Duties
• Learning Payment Methods
• Import Financing
• Learning FEMA Guidelines relating to Imports
• Learning Export Promotion Capital Goods Scheme – EPCG
• Learning Foreign Trade Policy (2015-2020)
Forex Introduction
• What is Foreign Exchange
• Learning Why is foreign exchange important to us?
• Learning What is a foreign Exchange market?
• Learning Foreign Exchange as a Financial Market
• Learning Foreign Exchange is an OTC Market
• Market Participants
Foreign Exchange Basics
• Rates of Exchange
• Learning Primary and Counter Currency
• Learning Market Maker and Market Taker
• Bid/Offer Rate
• Middle Rate
• Learning Cross Rates
• Learning Factors affecting exchange rate fluctuations
• Major Currencies
• Learning Fixed, Floating and Dirty Float
• Trading Terminology
Foreign Exchange Risks
• Learning Effect of fluctuations in exchange rates: exposure and foreign exchange risk
• Exchange Rate Risk
• Learning Interest Rate Risk
• Credit Risk
• Learning Country Risk
• How to manage your risk
Kinds of Foreign Exchange Market
• Learning Spot Market
• Learning Forwards Market
• Currency Forward Swaps
• Futures Market
• Learning Strategies using Currency Futures
• Learning Hedging using Currency Futures
• Learning Speculation in Currency Futures
Currency Markets in India
• Learning Product Specification
• Learning Uses of Currency Futures at NSE
• Membership
• Learning Clearing, Settlement and Risk Management
What do we offer?
- Full-Length Mock Test with unique questions in each test set
- Practice objective questions with section-wise scores
- In-depth and exhaustive explanation for every question
- Reliable exam reports to evaluate strengths and weaknesses
- Latest Questions with an updated version
- Tips & Tricks to crack the test
- Unlimited access
What are our Practice Exams?
- Practice exams have been designed by professionals and domain experts that simulate real time exam scenario.
- Practice exam questions have been created on the basis of content outlined in the official documentation.
- Each set in the practice exam contains unique questions built with the intent to provide real-time experience to the candidates as well as gain more confidence during exam preparation.
- Practice exams help to self-evaluate against the exam content and work towards building strength to clear the exam.
- You can also create your own practice exam based on your choice and preference
