Page 60 - Account 10

9. What is Franco Invoice?
10. Write any one similarity between foreign trade and home trade.
11. What is the full form of LC? 2067 (SOS)
12. What is home trade and foreign trade?
13. What are the types of foreign trade?
14. When was WTO established?
15. When did Nepal become the member of WTO?
16. Who prepares invoice?
17. What is LOCO invoice?
18. What is the full form of FOB invoice? 2071
19. Write the full form of CIF invoice. 2065 (Sup), 2068 (PABSON)
20. Write any two means of payment.

B. Give short answers to the following questions:
21. What is home trade? Explain any four procedures of home trade? 2074
22. What are the terms and conditions of home trade? Explain.
23. What is foreign trade? Explain any four procedures of foreign trade? 2073, 070
24. Describe the terms and conditions of foreign trade.
25. What is placement of order? Describe the kinds of dispatching placement of
order in foreign trade.
26. What is invoice? What are the items included in an invoice? Mention.
27. Write the importance of invoice. 2074 (NPABSON)
28. Explain the development and role of SAFTA. Mention its functions.
29. What is World Trade Organization? Write any four functions of WTO.
30. Write any five differences between World Trade Organization (WTO) and
South Asian Free Trade Area (SAFTA).
C. S.L.C/SEE Examination Questions.
37. Why is home trade necessary? Describe its any four procedures, orderly. 2072
38. Write any five modes of payments used in modern trade with examples. 2067
39. Why is foreign trade necessary? Explain any three documents used in both
home trade and foreign trade. 2071 (R)
40. Why is invoice used in trade? Discuss any four types of invoice in brief. 2066
43. Mention any two similarities and three dissimilarities between home trade and
foreign trade. 2070
44. Explain any three merits of export and any two demerits of import. 2067 SOS
45. What is invoice? What are its main types? Discuss. 2072

Project Work

a. Draft a report about the different means of payment and way of using them
by visiting any bank nearby and asking with the staff of the bank.
b. Collect the bills/invoice used by an organization and find out the differences
between them.

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Aakar’s Office Practice and Accountancy - 10
60 60 Aakar’s Office Practice and Accountancy - 10 Financial Institutions 61 61