Discussion
Assertion (A). Indent may be open or closed. Open indent does not specific the price and other details of the goods. The closed indent specific the brand, price, number, packing, shipping made, insurance etc.
Reason (R). This is required as a part of export procedures.
Answer: C
Correct answer: (A) is true, but (R) is false
The assertion is accurate. An indent is an order for goods placed by an importer with an overseas supplier, usually through an indent house, and it may be open or closed: an open indent leaves price and other particulars to the agent's discretion, while a closed indent specifies brand, price, quantity, packing, shipping mode and insurance.
The reason is wrong in its attribution. The indent belongs to the import procedure, being the buyer's instruction to procure, and it is a commercial document of the trade rather than something required as part of export formalities.
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