B.COM FOREIGN TRADE IMPORTANT QUESTIONS FOR 1ST SEM

            IMPORTANT QUESTIONS FOR 1st SEMESTER EXAMINATION

FOREIGN TRADE                                                                                             B.com(General)1Year

UNIT No.1

  1. Define Foreign Trade. State the evolution, characteristics and types of foreign trade. 
  2. (May 18 May 2017,May 19)
  3. What are the different types of documents used in foreign trade. (May 19 May 18 May 2017)
  4. Define bills of exchange and state its features. Who are the parties involved in bills of exchange ?(May 19 May 2017)

UNIT No.2

  1. Discuss in detail major components of BOP. May 19
  2. Discuss in detail types, causes and consequences of disequilibrium in BOP. (May 19 May 18 May 2017)
  3. Explain the differences between balance of trade and balance of payments. (May 18 May 2017)

UNIT No.3

  1. What is Trade Policy ? What are the features of Indian Trade Policy ? Discuss the history of EXIM policy. (May 19May 2017)
  2. Explain the importance and implementation of trade policies in India. (May 19 May 18)

UNIT No.4 

  1. What is foreign trade ? Explain in detail growth of foreign trade in India. (May 19 May 18 May 2017)
  2. Define trade blocs. State its advantages and disadvantages and types. (May 19 May 18 May 2017)


UNIT No.5

  1. Write a note on World Bank. Bring out the objectives and functioning of World Bank?(May 19 May 18 May 2017)
  2. Explain the features  and functions of WTO in promoting world trade. (May 19 May 18 May 2017)

SHORT ANSWERS

  • Define Foreign Trade.
  • Contents of Packing List.
  • Insurance Certificate contents.
  • Deflation and Devaluation.
  • Quotas  types.
  • Trade Policy. Free Trade area. Preferential trade area. (May 18) May 19
  • Import restrictions. New Development Bank.
  • Important objectives of foreign trade policy 2015-20.
  • Features of common market.
  • AFTA objectives.
  • Objectives of European Union.
  • SAARC.
  • GATT vs WTO.
  • Functions of IMF. (May 2017)
  • TRIPs & TRIMs.
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