ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -An import is a product or service produced abroad and purchased in your home country. Imported goods or services are attractive when domestic industries cannot produce similar goods and services cheaply or efficiently.

Detailed explanation-2: -Other common imports are coffee, beer, and food. There’s a good chance that your favorite cup of coffee used beans from another country. That Corona beer you picked up on the way home from work is an import also. The piece of fish you ate when you went out to dinner is also highly likely to be an imported good.

Detailed explanation-3: -One-time import. This handles importing most profile information for both people and organizations. Recurring import. A list or filter shared by another nation can be imported using the recurring import. Voter file import. Ballot import. Scanned survey import. Donation import. Membership import.

Detailed explanation-4: -Import Procedure: The steps taken in import procedure are discussed as follows: (i) Trade Enquiry: (ii) Procurement of Import Licence and Quota: For the purpose of issuing licence, the importers are divided into three categories: (iii) Obtaining Foreign Exchange: More items