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DRIVE-Winter
2014
PROGRAM-MBADS
(SEM 4/SEM 6) MBAFLEX/ MBAN2 (SEM 4) PGDIB (SEM 2)
SUBJECT
CODE & NAME-IB0015- Foreign Trade of India
BK
ID-B1908
CREDIT
& MARKS--4 CREDITS, 60 MARKS
Q1.
Give a brief overview of India’s foreign trade since independence.
(Seven
phases) 10
Answer.
India’s foreign trade since liberalization
The reversal of the
trends in the export growth during 1990-91, and thereafter, required a massive
export thrust. Since July 1991 the Government of India initiated the process of
economic reforms aimed at globalization and liberalization of Indian economy. A
number of policy changes were announced leading to the declaration of the
Q2.
What is the role of services exports in recent years in India’s composition of
trade? Discuss.
(India
and services trade) 10
Answer.
Role of services exports in India’s composition of
trade
Composition
of Indian exports has registered a number of structural changes during the
planning period. There has been a decline in the importance of agricultural and
allied products and a substantial increase in the importance of manufactured
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
Q4.
Write short notes on:
a.
Export promotion councils
b.
India Trade Promotion organization
(Role
of Export promotion councils, Role of India Trade Promotion organization) 5, 5
Answer.
a.
Export promotion councils
There are 35 Export
Promotion Councils (EPCs) and Commodity Boards (CBs) which have been set up in
the country to promote and strengthen the effort for export specific
commodities. These EPCs and CBs also function as registering authorities
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
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
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