IB0015-Foreign Trade of India

FALL-2015
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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
FALL-2015
Get solved assignments at nominal price of Rs.125 each.
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