Osmania University B.Com 1st Semester Foreign Trade Important Questions
Short Answer Questions:
Unit-I:
1. Foreign Trade
2. Types of foreign trade
3. Bill of exchange
4. Marine Insurance
5. Airway Bill
Unit-II:
1. Balance of payments
2. Balance of trade
3. Current Account
4. Capital Account
5. Official Reserves
Unit-III:
1. Objectives of export policy
2. Constituent of trade policy
3. Features of EXIM policy 1992-97
4. Merchandise Export from India Scheme (MEIS)
5. Service Export from India Scheme (SEIS)
Unit-IV:
1. Trade Blocs
2. Disadvantages of common market
3. Free trade Area
4. Objectives of NAFTA (North American Free Trade Agreement)
5. Monitory Union
6. Objectives of SAARC (South Asian Association for Regional Cooperation)
7. Preferential Trade Area
Unit-V:
1. World Trade Organisation (WTO)
2. Objective of WTO
3. Objective of IDA
4. Functions of World Bank
5. New Development Bank (NDB)
Long Answer Question:
Unit-I:
1. Explain the shipping documents used in foreign trade?
2. Explain different types of Marine Insurance policies?
3. What is inspection certificate? Explain the contents of Inspection certificate?
4. Define bills of exchange and state its features.
5. What is packing list? State the contents in packing list. What are the benefits of packing list in foreign trade?
Unit-II:
1. Differentiate balance of trade and balance of payments.
2. Explain measures to correct deficit in Balance of payments
3. What are the factors that can affect the balance of trade?
4. What are the reasons for the deficit in current account and capital account?
5. Causes and Consequences of disequilibrium in BOP.
6. Narrate the various components of balance of payments.
7. What is the meaning of disequilibrium in BOP? Explain its types.
Unit-III:
1. Explain the important objectives of foreign trade policy 2015-2020.
2. Define Indian trade policy. Explain the importance of trade policy.
3. Discuss the EXIM Policy 2002-2007.
4. Discuss Special Economic Zone.
5. Discuss the salient features of the New EXIM Policy.
6. Discuss the various measures announced in the current Foreign trade policy 2015-2020.
Unit-IV:
1. Explain the growth and significance of foreign trade in India?
2. Discuss in detail about North American Free Trade Agreement.
3. What are Trade Blocs? What are the advantages of Trade blocs?
4. Discuss the merits and demerits of foreign trade.
5. What are the main activities of economic and monitory union and its importance?
6. What is economic union? Discuss its objectives.
Unit-V:
1. Explain the objectives and the features of WTO.
2. Explain the objectives and functions of IMF.
3. Write a note on World Bank. Bring out the objectives and functions of World Bank.
4. Discuss the various agreements of WTO.
5. What is International Monetary fund (IMF)?
6. What is meant by IDA? Explain the objectives of IDA.
Short Answer Questions:
Unit-I:
1. Foreign Trade
2. Types of foreign trade
3. Bill of exchange
4. Marine Insurance
5. Airway Bill
Unit-II:
1. Balance of payments
2. Balance of trade
3. Current Account
4. Capital Account
5. Official Reserves
Unit-III:
1. Objectives of export policy
2. Constituent of trade policy
3. Features of EXIM policy 1992-97
4. Merchandise Export from India Scheme (MEIS)
5. Service Export from India Scheme (SEIS)
Unit-IV:
1. Trade Blocs
2. Disadvantages of common market
3. Free trade Area
4. Objectives of NAFTA (North American Free Trade Agreement)
5. Monitory Union
6. Objectives of SAARC (South Asian Association for Regional Cooperation)
7. Preferential Trade Area
Unit-V:
1. World Trade Organisation (WTO)
2. Objective of WTO
3. Objective of IDA
4. Functions of World Bank
5. New Development Bank (NDB)
Long Answer Question:
Unit-I:
1. Explain the shipping documents used in foreign trade?
2. Explain different types of Marine Insurance policies?
3. What is inspection certificate? Explain the contents of Inspection certificate?
4. Define bills of exchange and state its features.
5. What is packing list? State the contents in packing list. What are the benefits of packing list in foreign trade?
Unit-II:
1. Differentiate balance of trade and balance of payments.
2. Explain measures to correct deficit in Balance of payments
3. What are the factors that can affect the balance of trade?
4. What are the reasons for the deficit in current account and capital account?
5. Causes and Consequences of disequilibrium in BOP.
6. Narrate the various components of balance of payments.
7. What is the meaning of disequilibrium in BOP? Explain its types.
Unit-III:
1. Explain the important objectives of foreign trade policy 2015-2020.
2. Define Indian trade policy. Explain the importance of trade policy.
3. Discuss the EXIM Policy 2002-2007.
4. Discuss Special Economic Zone.
5. Discuss the salient features of the New EXIM Policy.
6. Discuss the various measures announced in the current Foreign trade policy 2015-2020.
Unit-IV:
1. Explain the growth and significance of foreign trade in India?
2. Discuss in detail about North American Free Trade Agreement.
3. What are Trade Blocs? What are the advantages of Trade blocs?
4. Discuss the merits and demerits of foreign trade.
5. What are the main activities of economic and monitory union and its importance?
6. What is economic union? Discuss its objectives.
Unit-V:
1. Explain the objectives and the features of WTO.
2. Explain the objectives and functions of IMF.
3. Write a note on World Bank. Bring out the objectives and functions of World Bank.
4. Discuss the various agreements of WTO.
5. What is International Monetary fund (IMF)?
6. What is meant by IDA? Explain the objectives of IDA.