Q. What does the term “Completely Built Unit” (CBU) refer to in the context of international trade?

[A] A partially assembled product requiring further work before use.

[B] Raw materials used in the manufacturing process.

[C] A finished product that is ready to use upon import.

[D] A product that is manufactured in one country and then exported in parts to another country for final assembly.

Answer: C
Notes:

Explanation – In the context of international trade, the term “Completely Built Unit” (CBU) refers to a finished product that is ready to use upon import. A CBU is a fully assembled and operational product manufactured in one country and imported as a whole by another country. It doesn’t require any additional assembly, testing, or finishing work, making it convenient for immediate use by consumers or businesses in the importing country.

Source: The Hindu

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