Download JNTU-Hyderabad MBA 2nd Sem R15 2018 July 721CQ Foreign Trade Question Paper

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Code No: 721CQ

JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD

MBA II Semester Examinations, June/July-2018

FOREIGN TRADE

Time: 3hours

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Max.Marks:75

Note: This question paper contains two parts A and B.

Part A is compulsory which carries 25 marks. Answer all questions in Part A.

Part B consists of 5 Units. Answer any one full question from each unit. Each question carries 10 marks and may have a, b, c as sub questions.

PART - A 5 × 5 Marks = 25

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1. a) Differentiate balance of trade from balance of payments. [5]
2. b) What is the difference between 'quota' and 'tariff"? [5]
3. c) What do you understand by the term ‘Incoterms?' Explain its significance in the context of Foreign trade. [5]
4. d) Enumerate the functions of EXIM bank. [5]
5. e) What is the meaning of regional economic integration? Give suitable examples. [5]

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PART - B 5×10 Marks = 50

2. Consider the following data on the factor endowments of two countries, A and B:
   

   	A	B
   Labor Force (millions of labor hours per year)	50	15
   Capital Stock (millions of machine hours per year)	25	20

   
   a) Which country is capital abundant and why?
   b) Which country is labor abundant and why? [10]
   

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   OR
3. Write a detailed note on the need and economic benefits of international trade. [10]
4. Describe some of the important export promotion measures initiated by the Government of India to boost the national export effort. [10]
   OR
5. What is the basic difference between 'duty exemption schemes' and 'duty remission schemes' under foreign trade policy? Name the schemes available under these two schemes for FTP 2015-20. [10]

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6. Write a brief note on each the following:
   a) EXW
   b) FOB
   c) DDP [3+3+4]
   OR

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7. What do the letters 'CIF' stand for in the phrase 'CIF Incoterms 2010'? What advantages and disadvantages does a sale on CIF Incoterms 2010 hold for the seller and purchaser respectively? [10]
8. What is 'Special Economic Zone' (SEZ)? Describe the benefits and facilities to units in SEZ. [10]
   OR
9. What are the items that are being exported from India? Which country is the largest trading partner of India? [10]
10. Why are Indian companies interested to enter into African countries largely in the primary commodities market? [10]
    

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    OR
11. Explain the following briefly:
    a) SAFTA
    b) SARC [10]

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