|
DRIVE
|
FALL 2014
|
|
PROGRAM
|
MBADS (SEM 4/SEM 6)
MBAFLEX/ MBA (SEM 4)
PGDIB (SEM 2)
|
|
SUBJECT CODE &
NAME
|
IB0015- Foreign Trade
of India
|
|
BK ID
|
B1908
|
|
CREDIT
& MARKS
|
4 CREDITS, 60
MARKS
|
Get fully solved assignment, plz drop a mail with
your sub code
computeroperator4@gmail.com
Charges rs 125/subject and rs 700/semester only.
if urgent
then call us on 08791490301, 08273413412
our website is www.smuassignment.in
Q1.
Explain Ricardo’s Theory of Comparative Advantage and compare it with Adam Smith’s
Absolute Advantage theory.
(Theory
of Comparative Advantage, Comparison)7, 3
Answer.
Ricardo’s Theory of Comparative Advantage
This theory of
comparative advantage, also called comparative cost theory, is regarded as the
classical theory of international trade. David Ricardo stated a theory that
other things being equal a country tends to specialise in and exports those
commodities in the production of which it has maximum comparative cost
advantage or minimum comparative disadvantage. Similarly the country's imports
will be of goods having relatively less comparative cost
Q2.
Describe the composition of India’s import.
(Composition
of import)10
Answer.
The
composition of imports showed much less change than that of exports. POL
continues to be the single major item of import with its share stabilizing at
the 30-31 per cent level. The share of capital goods imports shows the sharpest
rise of about 4.9 percentage points in 2006-07 over 2000-01 due to a 3-7
percentage point rise in the share of transport equipment and 1.6 percentage
point rise in the share on non-electrical machinery (excluding machine
Q3.
Discuss the salient features of Foreign Trade Policy 2009-14.
(Objectives,
Aims, schemes and announcements) 4, 6
Answer.
Features of Foreign Trade Policy 2009-14
The Ministry of
Commerce, Government of India announced on 27th August 2009 Foreign Trade
Policy (2009-2014) of India replacing the then existing Export- Import Policy:
2004-09. The present policy shall remain in force from August 27, 2009 to 31st
March, 2014.
Q4.
Write short notes on the sectoral performance of:
(Gems
and Jewellery, Readymade garments)5,5
Answer.
a. Gems and Jewellery sector
The gems and jewellery
sector has been one of the fastest-growing sectors in India in the past few
years. The sector has gained global popularity because of its talented
craftsmen, its superior practices in cutting and polishing fine diamonds and
precious stones, and its cost-efficiencies.
Q5.
What are Special Economic Zones? Write one sentence each on any 5 SEZs in
India.
(Meaning
and role of SEZ, 5 SEZ)5,5
Answer.
Special Economic Zones
A special
economic zone (SEZ) is
a geographical region that is designed to export goods and provide employment.
SEZs may be exempt from laws regarding taxes, quotas, Foreign Direct Investment (FDI)-bans, labour laws and
other restrictive laws in order to make the goods manufactured in the SEZ at a
globally competitive price.
Q6.
What is the need and role of Focus Market Scheme? Discuss in detail.
(Focus
market scheme) 10
Answer.
Need and role of Focus Market Scheme
The objective of the
scheme is to offset the high freight cost and other disabilities faced in
accessing select foreign markets as to enhance the export competitiveness in
these markets. The scheme allows duty credit scrip @ 3% of the FOB value of
exports irrespective of the product they export to notified countries as in
Appendix 37C of Handbook of Procedures (Vol 1). A number of countries mainly from
Latin America, Africa and CIS Blocks
Get fully solved assignment, plz drop a mail with
your sub code
computeroperator4@gmail.com
Charges rs 125/subject and rs 700/semester only.
if urgent
then call us on 08791490301, 08273413412
our website is www.smuassignment.in
No comments:
Post a Comment