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Master of
Business Administration - MBA Semester 4
IB0015-Foreign Trade of India
Assignment
(60 Marks)
Note: Answers
for 10 marks questions should be approximately of 400 words. Each question is
followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60.
Q1. Give a brief overview of India’s
foreign trade since independence.
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 Export-Import Policy
1992-97. This policy brought about all round liberalization of exports and
imports. The constraints on growth imposed
Q2. What is the role of services
exports in recent years in India’s composition of trade? Discuss.
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 products.
Q3. Discuss the salient features of
Foreign Trade Policy 2009-14.
Answer. Features of Foreign Trade
Policy 2009-14
The Ministry of Commerce, Government of India
announced on 27th August2009 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:
a. Export promotion councils
b. India Trade Promotion organization
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 functions
registering authorities under the Foreign Trade Policy for registered exporters.
Membership-cum-Registration with these EPCs and CBs is compulsory for obtaining
Q5. What are Special Economic Zones?
Write one sentence each on any 5 SEZs in India.
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
Q6. What is the need and role of Focus
Market Scheme? Discuss in detail.
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 Appendix37C of Handbook of
Procedures (Vole 1).A number of
Winter-2015
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