DRIVE SPRING 2016
PROGRAM Master of Business Administration- MBA
SUBJECT CODE &
IB0015- Foreign Trade of India
- Discuss the Theory of Absolute Advantage and Ricardo’s Theory of Comparative Advantage.
Absolute Advantage and
Ricardo’s Theory of Comparative Advantage
Answer: Theory of Absolute Advantage
In the late 18th and early 19th centuries, first Adam Smith and subsequently David Ricardo, explored the basis for international trade as part of their efforts tomake a case for free trade. Their
- Discuss in detail Foreign Trade in India since Independence.
Foreign trade in India
Answer: Foreign Trade in India since Independence
For the study of trends of India’s foreign trade during post-independence period,it is convenient to divide the entire period into seven phases.
- 1948-49 to 1950-51— The Eve of Planning: On the eve of planning, theforeign trade of India
- Explain the Main Features of India’s Foreign Trade Policy
Main Features of India’s Foreign Trade Policy
Answer: Main Features of India’s Foreign Trade Policy
Trade encourages the foreign earnings as well as stimulates greater economicactivities. The main objectives of Import-export policy of the Indian Governmenthave been to:
(i) Provide further impetus to exports;
- Write short notes on India’s trade with:
- Special Economic Zones (SEZ)
- Free Trade Warehousing Zones
Answer: a) The SEZ policy was announced in April 2000. The objective was to make theSEZs an engine of economic growth by developing quality infrastructure andoffer attractive fiscal package at the Central and State level with a single windowclearance. All the areas providing a holistic economic development have beenaddressed and the scheme provides for further
- Discuss in detail the various Sectoral Performance of India’s External Sector
Sectoral Performance of India’s External
Answer: Sectoral Performance
Gems & Jewellery
India’s gems and jewellery industry is a bright star of the economy, and one ofthe important foundations of the country’s export-led growth. The consumptionof gold and jewellery products in India has grown rapidly over the years at therate of 10-15 per cent per annum and today, the
- What are PTA and FTA? Identify the key difference between the two.
Answer: PTA (Preferential Trade Agreement): A preferential trade area (also preferential trade agreement, PTA) is a trading bloc that gives preferential access to certain products from the participating countries. This is done by reducing tariffs but not by abolishing them completely. A PTA