Winter-2015 Get solved assignments at nominal price of Rs.125 each. Mail us at: [email protected] or contact at 09882243490 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 Get solved assignments at nominal price of Rs.125 each. Mail us at: [email protected] or contact at 09882243490