IBO 004 Solved Question Paper June 2026 gives IGNOU M.Com and PGDIBO students complete, exam-length answers to every item on the latest IBO-004 paper. Two answers are open below so you can judge the quality; the full file with all 14 answers comes to you on WhatsApp 9899436384.
IBO 004 key facts at a glance
- Course code: IBO 004 (printed as IBO-04 in earlier papers)
- Course title: Export-Import Procedures and Documentation
- Programmes: Master of Commerce (M.Com) and Post Graduate Diploma in International Business Operations (PGDIBO), School of Management Studies
- Credits: 6 credits listed for the other PGDIBO courses on ignou.ac.in; IBO-04's own credit field is blank
- Blocks and units: 4 blocks, 16 units (eGyanKosh)
- Maximum marks: 100 (term-end exam weightage 70%, assignment 30%)
- Duration: 3 hours
- Questions in the June 2026 paper: 7 questions, 14 answerable items (5 statements in Q1, 5 long questions, 4 note options in Q7)
- Sample answers on this page: 2 (Q1(a) and Q6)
- Answers in the full file: All 14 items, 12 of them not shown on this page
What the IBO 004 Solved Question Paper June 2026 covers
IBO 004 Export-Import Procedures and Documentation is a School of Management Studies course of IGNOU, taught in the Master of Commerce (M.Com) and the Post Graduate Diploma in International Business Operations (PGDIBO).
The course teaches how goods actually leave and enter India: the contract, the documents, how the money is collected, how cargo is insured, and how customs clears it at the port. The June 2026 paper tested all of that in seven questions, from a tricky CIF statement in Part A to a full customs clearance procedure in Part B.
Our file answers all 14 answerable items. That means every one of the five Part A statements, all five long questions from Q2 to Q6, and every one of the four note options in Q7, so you can pick your best four in the hall instead of guessing which ones were solved.
IBO 004 sample answers: CIF statement and sea cargo clearance
Below are 2 of the 14 answers in full: the Part A comment on CIF and the 20-mark Q6 on customs clearance of export cargo by sea. Both were written by our subject experts.
The question text is reproduced exactly as printed in the IGNOU June 2026 paper, including its own numbering. Every fact in these answers can be checked against the Customs Act, 1962, Incoterms 2020 and the IBO-4 blocks.
Question 1(a): Cost, Insurance and Freight (CIF)
Q.1 (a) (Comment on any four of the following statements : 4×5=20)
In Cost Insurance and Freight (CIF), the seller does not deliver goods on the Ship’s rail in the port of shipment and risks are transferred from the seller to buyer.
Answer to Q.1 (a)
Verdict: The statement is only partly correct. Its second half, that risk passes from seller to buyer, is right. Its first half, about the ship's rail, depends on which version of Incoterms is applied.
What CIF means: Under Cost, Insurance and Freight, the seller clears the goods for export, books the main sea carriage, pays freight up to the named port of destination and buys marine insurance for the buyer's benefit. Under Incoterms 2020 that cover must be at least Institute Cargo Clauses (C) for 110 per cent of the contract value.
Point of delivery: Under Incoterms 2000 and earlier versions, the seller delivered when the goods passed the ship's rail at the port of shipment. Incoterms 2010 dropped the ship's rail, and Incoterms 2020 keeps that change: the seller now delivers by placing the goods on board the vessel. So the claim is true under current rules but false under the older rules many textbooks still describe.
Transfer of risk: Risk passes from seller to buyer at the port of shipment, once the goods are on board. Loss or damage at sea after that point is the buyer's risk, which is exactly why the seller has to insure the goods: the policy protects the buyer, not the seller.
Conclusion: CIF is a shipment contract, not an arrival contract. The seller pays costs up to the destination port, but delivery and risk transfer happen at the port of shipment. A corrected statement would read: under CIF, the seller delivers the goods on board the vessel (at the ship's rail under Incoterms 2000) at the port of shipment, and risk passes to the buyer at that point.
Question 6: Customs Clearance of Export Cargo by Sea
Q.6 Describe the procedure of customs clearance of export cargo by sea along with the documentation formalities. 20
Answer to Q.6
Introduction: No cargo can be loaded on a ship leaving India until customs has examined the export entry and allowed the goods to go. Customs clearance protects revenue, enforces export prohibitions and restrictions under the Foreign Trade Policy, and creates the official record of export that the exporter later needs for foreign exchange realisation, duty drawback and other export benefits.
Legal base: The procedure is governed by the Customs Act, 1962. Section 50 requires the exporter to file an entry for exportation, which for goods going by sea is the shipping bill. Section 51 empowers the proper officer to allow clearance and loading through a let export order once the goods are found in order. At most Indian ports the whole process now runs on the Indian Customs EDI System (ICES), with filing through ICEGATE.
Stage 1: Preparation before filing
Before the first shipment, the exporter needs an Importer Exporter Code (IEC) from DGFT and registers its Authorised Dealer bank code at the port of export, so that export proceeds can be tracked. Exporters claiming drawback or IGST refund also register the bank account in which customs will credit those amounts.
Most exporters appoint a customs broker (earlier called a custom house agent) licensed under the Customs Brokers Licensing Regulations, 2018. The broker files documents and attends examination on the exporter's behalf, but the exporter remains responsible for the accuracy of every declaration.
Stage 2: Filing the shipping bill
The exporter or broker files the shipping bill electronically, either at the customs service centre or by remote filing on ICEGATE. The system generates a shipping bill number. The type of shipping bill depends on the nature of the export, for example a bill for goods not liable to duty, a dutiable goods bill, a drawback bill, an ex-bond bill for goods taken out of a warehouse, or a bill for exports under an advance authorisation.
The shipping bill carries the exporter's IEC, the buyer's details, the description of goods with their ITC(HS) code, quantity, FOB value, the port of loading and destination, and the export benefits claimed. It also carries the exporter's foreign exchange declaration, which in the manual era was given on the separate GR form.
Stage 3: Bringing goods to the port and examination
The goods are moved to the port, a container freight station or an inland container depot, where the custodian records their arrival. A Risk Management System then decides whether the consignment is to be physically examined or facilitated with only document checks.
Where examination is ordered, the customs officer checks the marks, numbers, weight and description against the shipping bill and invoice, and may draw samples for testing. Goods packed and sealed under factory or self-sealing procedures usually face only a seal check. Any mismatch is resolved before clearance.
Stage 4: Let export order and loading
When the goods and documents are in order, the proper officer gives the let export order (LEO) under Section 51. The goods are then handed over to the shipping line or its agent for loading. Without a let export order, the person in charge of the vessel cannot allow the cargo on board.
After loading, the ship's officer issues a mate's receipt confirming that the goods are on board and noting their condition. The exporter or broker surrenders the mate's receipt to the shipping company, which issues the bill of lading. A clean bill of lading is needed when payment is under a letter of credit.
Stage 5: After the ship sails
The shipping line files the export general manifest (EGM) with customs, listing all cargo carried. The EGM must match the shipping bill, because duty drawback, IGST refund and other benefits are processed only after this match. Customs then releases the exporter's copy of the shipping bill and the export promotion copy.
Export data also flows to the bank through EDPMS, the RBI's Export Data Processing and Monitoring System, so that the bank can mark the export proceeds as realised when the buyer pays. This closes the FEMA requirement on that shipment.
Documentation formalities at a glance
- Shipping bill (electronic, under Section 50 of the Customs Act, 1962)
- Commercial invoice and packing list
- Copy of the export order, contract or letter of credit
- Foreign exchange declaration (built into the EDI shipping bill; the GR form in the manual system)
- Certificate of origin, inspection or quality certificate and other permits where the goods or the buyer's country require them
- Letter of undertaking or bond where goods are exported without payment of IGST
- Insurance certificate when the exporter arranges cover, as under CIF
- Mate's receipt and bill of lading after loading
Conclusion: Customs clearance of export cargo by sea moves from filing the shipping bill, through examination and the let export order, to loading, the mate's receipt, the bill of lading and the EGM. EDI has cut the paper and the time involved, but the logic of the IGNOU block is unchanged: the goods, the documents and the declared value must match at every stage.
Questions answered only in the full file
The remaining 12 items from the June 2026 paper are listed below exactly as printed. Their answers are not shown on this page and are available only in the full solved file.
Q.1 Comment on any four of the following statements : 4×5=20
1 (b) Electronic Data Interchange System do not provide strategic benefits.
1 (c) There is no difference between supplier’s credit and buyer’s credit under deferred credit facilities.
1 (d) Financing import under letter of credit is not provided to Indian Importers.
1 (e) Under Duty Drawback Scheme, duties are not refunded back to the exporter.
Q.2 What are Commercial Documents ? List various Commercial Documents and describe the features of Commercial Invoice and Bill of Lading. 2+3+15
Q.3 Do you think that there is a need to develop plans for the implementation of EDI ? How can you develop an Electronic Data Interchange (EDI) for an organization. Discuss in detail with examples. 4+16
Q.4 Why are terms of payment important in foreign trade ? Describe the mechanism of realizing payment under documentary credit. 5+15
Q.5 Why is cargo insurance required ? Describe various kinds of perils under cargo insurance with examples. 5+15
Q.7 Write notes on any two of the following : 10+10
7 (i) Methods of dispute settlement
7 (ii) Letter of credit
7 (iii) Chartering practices
7 (iv) Custom clearance of export cargo by port
IBO 004 Export-Import Procedures and Documentation blocks and units
IBO 004 is organised into 4 blocks and 16 units on eGyanKosh, moving from documents and policy, through payment and finance, to shipment operations and export assistance.
The unit titles below follow the official IBO-4 Export Import Procedures and Documentation material on eGyanKosh. The topics listed against each unit are the ones IGNOU has actually examined from that unit in recent papers.
| Block | Unit | Key topics |
|---|---|---|
| Block 1: Export Import Documentation and Policies | Unit 1 Export Import Trade: Regulatory Framework | Foreign Trade (Development and Regulation) Act 1992; Foreign Trade Policy objectives; ITC(HS) import-export classification |
| Block 1: Export Import Documentation and Policies | Unit 2 Export Sales Contract | Domestic versus export sales contract; FOB, CIF and ex-works obligations; arbitration and other dispute settlement methods |
| Block 1: Export Import Documentation and Policies | Unit 3 Export Import Documents: An Overview | Rationale of export documentation; Aligned Documentation System; commercial and regulatory documents |
| Block 1: Export Import Documentation and Policies | Unit 4 Electronic Data Interchange (EDI) System | Key elements of EDI; value added network services (VANS); bar coding and EDI implementation planning |
| Block 1: Export Import Documentation and Policies | Unit 5 Processing of an Export Order | Examining and confirming the order; IEC and RCMC registration; sourcing, packing and marking goods |
| Block 2: Terms of Payment and Financing Practices | Unit 6 Terms of Payment | Advance payment, documents against payment and against acceptance; parties to a documentary credit; kinds of letter of credit |
| Block 2: Terms of Payment and Financing Practices | Unit 7 Exchange Control Regulations and Facilities Concerning Export | FEMA 1999 rules on export proceeds; export declaration forms; forward exchange cover |
| Block 2: Terms of Payment and Financing Practices | Unit 8 Export Financing | Pre-shipment packing credit; post-shipment finance; exports on deferred payment terms |
| Block 2: Terms of Payment and Financing Practices | Unit 9 Export Credit Insurance | Credit risk in export trade; ECGC standard policy, risks covered and excluded; ECGC financial guarantees |
| Block 2: Terms of Payment and Financing Practices | Unit 10 Import Finance | Why importers need finance; import under letters of credit; EXIM Bank and bank-based import credit |
| Block 3: Export Import Trade Operations | Unit 11 Preparing for Shipment | Quality control and pre-shipment inspection; ISO 9000 and self-certification; role of clearing and forwarding agents |
| Block 3: Export Import Trade Operations | Unit 12 Cargo Insurance | Indemnity and insurable value; perils and kinds of marine loss; insurance claims procedure |
| Block 3: Export Import Trade Operations | Unit 13 Shipment of Export Cargo | Shipping bill and customs clearance at the port; mate's receipt and bill of lading; liner, tramp and chartering |
| Block 3: Export Import Trade Operations | Unit 14 Custom Clearance of Import Cargo | Legal framework under the Customs Act 1962; bill of entry types; stages of import clearance |
| Block 4: Export Assistance and Support Measures | Unit 15 Institutional Set-up for Export Promotion in India | Export Promotion Councils and commodity boards; EXIM Bank, ECGC and APEDA; technical and specialised services |
| Block 4: Export Assistance and Support Measures | Unit 16 Export Assistance in India | Duty drawback and its claim procedure; EPCG and advance authorisation; deemed exports and fiscal incentives |
If you are reading the blocks alongside this paper, our IBO 004 Study Material page arranges the same units into short revision notes.
IBO 004 question paper pattern and marks, June 2026
The IBO 004 question paper is for 100 marks in 3 hours: Part A carries 20 marks and Part B carries 80 marks.
Part A is compulsory but gives a choice of four statements out of five. In Part B you answer any four of six questions. The June 2026 paper split most Part B questions into a short opening part and a longer descriptive part, as the table shows.
| Part | Question | What it asks | Marks split | Choice |
|---|---|---|---|---|
| Part A | Q1 | Comment on statements on CIF, EDI, deferred credit, import finance and duty drawback | 4 × 5 = 20 | Any 4 of 5 |
| Part B | Q2 | Commercial documents, commercial invoice and bill of lading | 2 + 3 + 15 = 20 | Any 4 of Q2 to Q7 |
| Part B | Q3 | Need for an EDI plan and how to develop EDI in an organisation | 4 + 16 = 20 | Any 4 of Q2 to Q7 |
| Part B | Q4 | Importance of payment terms and realising payment under documentary credit | 5 + 15 = 20 | Any 4 of Q2 to Q7 |
| Part B | Q5 | Need for cargo insurance and kinds of perils with examples | 5 + 15 = 20 | Any 4 of Q2 to Q7 |
| Part B | Q6 | Customs clearance of export cargo by sea with documentation | 20 | Any 4 of Q2 to Q7 |
| Part B | Q7 | Notes on dispute settlement, letter of credit, chartering, clearance by post | 10 + 10 = 20 | Any 2 of 4 notes |
Two quirks are worth knowing. The English text of Q7(iv) reads 'by port', while the Hindi version of the same paper says clearance by post. And IGNOU now prints the code as IBO-004 on the June 2026 paper, against IBO-04 on earlier papers, so search for both when you look up the IGNOU IBO 004 Question Paper archive.
Students sitting more than one course this term can compare this layout with other papers on our MCOM Question Paper page, where each course follows the same Part A and Part B format.
IBO 004 topics IGNOU keeps asking, December 2021 to December 2025
Export documents are the single most repeated IBO 004 theme: they appeared in all 8 official papers we read from December 2021 to December 2025.
We read every official IBO-04 paper we could open on webservices.ignou.ac.in and ignou.ac.in: December 2021, June 2022, December 2022, June 2023, December 2023, June 2024, June 2025 and December 2025. The December 2024 file on ignou.ac.in is an image-only scan we could not read, so it is not counted. The last column shows whether each topic came back in June 2026.
| Topic | Sessions where it appeared | Count (of 8) | Asked in June 2026? |
|---|---|---|---|
| Export documents (rationale, invoice, bill of lading, certificate of origin, airway bill) | Dec 2021, Jun 2022, Dec 2022, Jun 2023, Dec 2023, Jun 2024, Jun 2025, Dec 2025 | 8 | Yes, Q2 |
| EDI system and value added network services | Dec 2021, Jun 2022, Dec 2022, Dec 2023, Jun 2024, Jun 2025 | 6 | Yes, Q1(b) and Q3 |
| ECGC, credit risk and the standard policy | Dec 2021, Jun 2022, Dec 2022, Dec 2023, Jun 2024, Dec 2025 | 6 | No |
| Export sales contract and Incoterms (FOB, CIF, ex-works, DDP) | Dec 2021, Jun 2022, Dec 2023, Jun 2024, Jun 2025, Dec 2025 | 6 | Yes, Q1(a) |
| Letter of credit and documentary credit mechanism | Dec 2021, Dec 2022, Jun 2023, Jun 2024, Jun 2025 | 5 | Yes, Q4 and Q7(ii) |
| Cargo insurance, indemnity and kinds of loss | Dec 2021, Jun 2022, Dec 2022, Jun 2023, Jun 2025 | 5 | Yes, Q5 |
| Quality control, pre-shipment inspection and ISO 9000 | Dec 2021, Dec 2022, Jun 2023, Dec 2023, Jun 2025 | 5 | No |
| Export incentives (duty drawback, EPCG, excise rebate, deemed exports) | Jun 2022, Dec 2022, Jun 2023, Jun 2024, Dec 2025 | 5 | Yes, Q1(e) |
| Institutional set-up (EPCs, EXIM Bank, APEDA, technical services) | Dec 2021, Dec 2022, Dec 2023, Jun 2025, Dec 2025 | 5 | No |
| Export finance (packing credit, post-shipment, deferred payment) | Dec 2021, Jun 2022, Dec 2023, Jun 2024 | 4 | Yes, Q1(c) |
| Legal framework and Foreign Trade Policy | Dec 2021, Jun 2023, Jun 2024, Jun 2025 | 4 | No |
| Dispute settlement and arbitration | Dec 2022, Jun 2023, Dec 2023, Dec 2025 | 4 | Yes, Q7(i) |
| Liner, tramp and chartering practices | Jun 2022, Dec 2023, Jun 2024, Jun 2025 | 4 | Yes, Q7(iii) |
| Import finance | Dec 2022, Jun 2023, Dec 2025 | 3 | Yes, Q1(d) |
| Processing of an export order | Jun 2023, Jun 2024, Dec 2025 | 3 | No |
| Customs clearance of import cargo and bill of entry | Jun 2022, Dec 2023, Dec 2025 | 3 | No |
| Customs clearance of export cargo (sea or air) | Jun 2023, Dec 2025 | 2 | Yes, Q6 and Q7(iv) |
| Terms of payment (advance, DP, DA, open account) | Jun 2022, Jun 2025 | 2 | Yes, Q4 |
| FEMA 1999 and forward exchange cover | Dec 2023, Dec 2025 | 2 | No |
Three of the five most repeated topics, documents, EDI and letters of credit, came back as full 20-mark questions in June 2026. For a ranked list of likely questions for the next session, see our IGNOU Important Questions section.
IBO 004 solved file index: every June 2026 item and its unit
The full file answers all 14 items of the June 2026 paper: 2 are shown on this page and 12 are in the full file only.
IBO 004 is a theory-only course with no practical or record work, so instead of a practical file index we list every item, the unit of the IBO-4 material it comes from, and where you can read its answer.
| Item | Question (as printed, short form for long questions) | Course unit | Answer |
|---|---|---|---|
| 1 (a) | In Cost Insurance and Freight (CIF), the seller does not deliver goods on the Ship’s rail … | Block 1, Unit 2 Export Sales Contract | On this page |
| 1 (b) | Electronic Data Interchange System do not provide strategic benefits. | Block 1, Unit 4 Electronic Data Interchange (EDI) System | Full file only |
| 1 (c) | There is no difference between supplier’s credit and buyer’s credit under deferred credit … | Block 2, Unit 8 Export Financing | Full file only |
| 1 (d) | Financing import under letter of credit is not provided to Indian Importers. | Block 2, Unit 10 Import Finance | Full file only |
| 1 (e) | Under Duty Drawback Scheme, duties are not refunded back to the exporter. | Block 4, Unit 16 Export Assistance in India | Full file only |
| 2 | What are Commercial Documents ? List various Commercial Documents and describe the features … | Block 1, Unit 3 Export Import Documents: An Overview | Full file only |
| 3 | Do you think that there is a need to develop plans for the implementation of EDI ? How can … | Block 1, Unit 4 Electronic Data Interchange (EDI) System | Full file only |
| 4 | Why are terms of payment important in foreign trade ? Describe the mechanism of realizing … | Block 2, Unit 6 Terms of Payment | Full file only |
| 5 | Why is cargo insurance required ? Describe various kinds of perils under cargo insurance … | Block 3, Unit 12 Cargo Insurance | Full file only |
| 6 | Describe the procedure of customs clearance of export cargo by sea along with the … | Block 3, Unit 13 Shipment of Export Cargo | On this page |
| 7 (i) | Methods of dispute settlement | Block 1, Unit 2 Export Sales Contract | Full file only |
| 7 (ii) | Letter of credit | Block 2, Unit 6 Terms of Payment | Full file only |
| 7 (iii) | Chartering practices | Block 3, Unit 13 Shipment of Export Cargo | Full file only |
| 7 (iv) | Custom clearance of export cargo by port | Block 3, Unit 13 Shipment of Export Cargo | Full file only |
How our IBO 004 answers are written and checked
Each IBO 004 answer is written by Prateek Talwar, checked by reviewer Sheetal Kirola, and tested against the current law and trade rules before it goes into the file.
Export-import procedure changes faster than the printed blocks. So every answer is checked against the instruments that govern it today: the Customs Act, 1962 for clearance, FEMA 1999 for export proceeds, Incoterms 2020 for delivery terms and the ICC's UCP 600 for letters of credit. Where the block uses an older rule, the answer says so.
Before writing, we studied the eight earlier IBO-04 papers listed above, so the answers stress what IGNOU repeatedly rewards: correct terms such as mate's receipt or let export order, a clear sequence of steps, and the parties involved at each step.
Answer length follows the marks split. A 5-mark Part A comment runs to about 250 words with a clear verdict, while a 20-mark Part B answer runs to about 900 words with headings. You can compare this style with actual past papers on our IGNOU Previous Year Question Paper page.
Programmes that study IBO 004 Export-Import Procedures and Documentation
IBO 004 is studied in two IGNOU programmes, the M.Com and the PGDIBO, and both sit the same term-end paper.
In the IGNOU Master of Commerce (M.Com), IBO-04 is one of the international business courses, and eGyanKosh files its material under the M.Com first-year collection. The paper cover for June 2026 names the M.Com directly.
In the Post Graduate Diploma in International Business Operations (PGDIBO), IBO-04 is one of six core courses, IBO-01 to IBO-06, alongside International Business Environment, International Marketing Management, India's Foreign Trade, International Marketing Logistics and International Business Finance.
Because both groups write one common paper, the June 2026 solved file is the same for an M.Com learner and a PGDIBO learner. The assignment for the course (IBO-04/TMA) carries 30 per cent weightage and the term-end exam 70 per cent.
Get the full IBO 004 Solved Question Paper on WhatsApp
Message us on WhatsApp at 9899436384 with the code IBO 004 and June 2026, and we will share the full solved file with all 14 answers.
The file covers every item on the paper: 2 answers you have already read here and 12 answers that appear only in the full file. That includes all five Part A statements and all four Q7 note options, so you are never stuck with an unsolved choice.
The IGNOU IBO 004 Solved Question Paper comes as a single, clearly laid out PDF that you can read on your phone, with each answer headed by its question number and unit. Most students use it twice: once to learn the answers, and once to practise writing four Part B answers within three hours.
If you also need answers for another M.Com or PGDIBO course, mention the codes in the same message and our team will tell you which solved papers are ready for June 2026.
IBO 004 FAQs for M.Com and PGDIBO students
Quick answers to the questions IBO 004 students ask us most before the exam.
Is this IBO 004 Solved Question Paper based on the real June 2026 IGNOU paper?
Yes. Our experts took the official June 2026 Term-End Examination paper of IBO-004 Export-Import Procedure and Documentation and answered every item on it. The question wording on this page is copied exactly as printed, including the five Part A statements and the six Part B questions. Nothing has been reworded or guessed, so you practise on the exact paper IGNOU set this session.
How do I get the full IBO 004 solved file on WhatsApp, and how many answers does it have?
Send a WhatsApp message to 9899436384 with the code IBO 004 and the session June 2026. Our team replies with the file details and the payment step, then shares the PDF on the same chat. The file holds all 14 answers: the 2 sample answers you see on this page plus the 12 answers that appear only in the full file, including all four Q7 note options.
Which IBO 004 topics are repeated most often in IGNOU question papers?
Export documents top the list. In the eight official IBO-04 papers we read, from December 2021 to December 2025, a question on documents such as the commercial invoice, bill of lading or certificate of origin appeared in all eight. EDI, ECGC and export contracts with Incoterms followed with six appearances each, while letter of credit, cargo insurance and quality control each came up five times.
How long should a 20-mark answer be in the IBO 004 exam?
Aim for roughly 800 to 1,000 words, or about five to six handwritten pages, for a 20-mark IBO 004 question. Our sample answer to Q6 on export cargo clearance by sea shows the expected depth: a short legal base, a numbered procedure and a list of documents. Part A comments carry 5 marks each, so 200 to 250 words per statement is usually enough.
Does the IBO 004 solved paper follow the Export-Import Procedures and Documentation study material?
Yes. Every answer is mapped to the four blocks and 16 units of the official IBO-4 material on eGyanKosh, from Unit 1 on the regulatory framework to Unit 16 on export assistance. Where rules have changed since the blocks were printed, such as Incoterms 2020 or EDI filing on ICEGATE, the answer gives the current position and also notes what the block says.
Can both M.Com and PGDIBO students use this IBO 004 paper?
Yes. IGNOU sets one common IBO-04 paper for the Post Graduate Diploma in International Business Operations and the Master of Commerce, and the June 2026 cover prints both programme names. The questions, marks and the Part A plus Part B pattern are identical for both groups, so the same solved file works whether you are enrolled in PGDIBO or in M.Com.
What is the IBO 004 exam pattern for Part A and Part B?
The IBO 004 paper carries 100 marks and runs for three hours. Part A is Question 1, where you comment on any four of five statements for 5 marks each, making 20 marks. Part B has six questions of 20 marks each, and you answer any four of them for 80 marks. In June 2026, Question 7 asked for notes on any two of four topics.
Is the IBO 004 June 2026 solved file useful for the December 2026 exam?
Yes, and that is how most students use it. IBO-04 papers keep returning to the same core themes: export documents, letters of credit, cargo insurance and EDI have each appeared again and again across sessions. Practising the June 2026 answers within the time limit gives you examiner-style answers for the topics most likely to return in December 2026, though no one can promise the exact questions.