IB0 03 INDIA'S FOREIGNTRADE June 2017 Question Paper

IB0 03 INDIA'S FOREIGNTRADE

June 2017 Question Paper

Time :3 Hours

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

1. How India's Foreign Trade can be said to be an engine of economic growth ? Give the direction of India's Foreign Trade and the commodity composition of the same.

2. Write a detailed note on the Institutional set up established by Govt. of India to boost India's Foreign Trade.

3. How Balance of Payments are different from Balance of Trade ? What is current account deficit ? How is it managed in obtaining equilibrium in Balance of Payments of India ? Give examples.

4. Write a detailed note on :

(a) Export Promotion Capital Goods Scheme (EPCG Scheme)

(b) Duty Exemption and Remission Scheme (DER Scheme). How to avail these schemes by the exporters of India ?

5. Write a note on India's new Industrial Policy. How the Industrial Policy helps in bringing out Industrial development of India ?

6. What are the main features of India's trade with USA ? Whether the trade is increasing or decreasing after economic crises of 2006 ? What steps can be taken to boost Indo-US Trade ? Give examples.

7. What are TRIPs ? How this agreement helps in trade in Intellectual Property Rights ? How these rights are protected and help in increasing India's Foreign Trade ? Explain in detail.

8. Write notes on :

(a) Role of bilateral trade relations with various countries in India's Foreign Trade improvement.

(b) Features of FEMA (Foreign Exchange Management Act).