IB0015- Foreign Trade of India

DRIVE	FALL 2014
PROGRAM	MBADS (SEM 4/SEM 6) MBAFLEX/MBA (SEM4) PGDIB(SEM 2)
SUBJECTCODE & NAME	IB0015- Foreign Trade of India
BK ID	B1908
CREDIT & MARKS	4 CREDITS, 60 MARKS

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Q1. Explain Ricardo’s Theory of Comparative Advantage and compare it with Adam Smith’s Absolute Advantage theory.

(Theory of Comparative Advantage, Comparison)7, 3

Answer.

Ricardo’s Theory of Comparative Advantage

This theory of comparative advantage, also called comparative cost theory, is regarded as the classical theory of international trade. David Ricardo stated a theory that other things being equal a country tends to specialise in and exports those commodities in the production of which it has maximum comparative cost advantage or minimum comparative disadvantage. Similarly the country's imports will be of goods having relatively less comparative cost

Q2. Describe the composition of India’s import.

(Composition of import)10    

Answer.

The composition of imports showed much less change than that of exports. POL continues to be the single major item of import with its share stabilizing at the 30-31 per cent level. The share of capital goods imports shows the sharpest rise of about 4.9 percentage points in 2006-07 over 2000-01 due to a 3-7 percentage point rise in the share of transport equipment and 1.6 percentage point rise in the share on non-electrical machinery (excluding machine

Q3. Discuss the salient features of Foreign Trade Policy 2009-14.

(Objectives, Aims, schemes and announcements) 4, 6

Answer.

Features of Foreign Trade Policy 2009-14

The Ministry of Commerce, Government of India announced on 27th August 2009 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 the sectoral performance of:

(Gems and Jewellery, Readymade garments)5,5

Answer.

a.  Gems and Jewellery sector

The gems and jewellery sector has been one of the fastest-growing sectors in India in the past few years. The sector has gained global popularity because of its talented craftsmen, its superior practices in cutting and polishing fine diamonds and precious stones, and its cost-efficiencies.

Q5. What are Special Economic Zones? Write one sentence each on any 5 SEZs in India.

(Meaning and role of SEZ, 5 SEZ)5,5

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 manufactured in the SEZ at a globally competitive price.

Q6. What is the need and role of Focus Market Scheme? Discuss in detail.

(Focus market scheme) 10

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 Appendix 37C of Handbook of Procedures (Vol 1). A number of countries mainly from Latin America, Africa and CIS Bloc

Dear students get fully solved  SMU MBA Fall 2014 assignments

Send your semester & Specialization name to our mail id :

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or

Call us at : 08263069601

 (Prefer mailing. Call in emergency )