IB0 003 INDIA'S FOREIGN TRADE December 2017 Question Paper

 

IB0 003 INDIA'S FOREIGN TRADE

December 2017 Question Paper

Time : 3 Hours

Note : Attempt any five questions. All questions carry equal marks.

1. Compare India's Foreign Trade with World Trade in terms of volume and direction of trade. What steps can be taken by India to improve its position in World Trade ?

2. Explain regulatory mechanism established by India to regulate India's Foreign Trade. What are major organisations involved in the process ? Explain briefly.

3. Discuss major features of India's Balance of Payments. Explain the role of devaluation of currency to balance BOP A/c of our country.

4. Compare and contrast the features of New Industrial Policy with the previous Industrial Policy of 1956. What are the major changes made as a part of New Industrial Policy ? Discuss.

5. Write notes on :

(a) Duty Drawback Scheme for Exporters

(b) Role of SEZ

6. Trace the development of India's textile sector after phase out of MFA (Multifiber Agreement). How exports of textile items can be increased from India ? What are the issues and unique challenges involved after MFA period ? Give examples

7. Discuss the role of ITPO (India Trade Promoters Organisation) and EPC (Export Promotion Councils) in promoting India's Foreign Trade. What are the unique functions of each of these organisations as mandated by GOI ?

8. Write notes on :

(a) Bilateral Trade relations between India - ASEAN

(b) List of Major Documents involved in Foreign Trade.

 

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