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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 Indias foreign trade since independence.
Answer. Indias 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 Indias
composition of trade? Discuss.
Answer. Role of services exports in Indias 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
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
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

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