I.D. END TERM EXAMINATION, NOVEMBER 2017 B.A.LL.B. (HONS.) SEMESTER-VII IX T&I (Hons.-II) NRIT Max. Marks: 60 Time Allowed: 3:00 Hrs. Note: Answer five questions including Question No. 1 which is compulsory. The number of marks carried by each question is indicated at the end of the question.

1. Answer the following (each answer should be in approximately 100 words): (Marks 2×10=20) a. Discuss the Power of Central Government to impose Quantitative Restrictions under Foreign Trade (Development and Regulation) Act, 1992. b. What do you understand by Heckscher-Ohlin Model with respect to theories related with International Trade? c. What are the types of Special Economic Zones? d. What do you understand by SCOMET items under the Foreign Trade Policy 2015-20? e. Comment on the extra territorial jurisdiction of FEMA. Whether central government can suspend the operation of any or all provisions of FEMA? f. What do you understand by Contract Manufacturing and Turnkey Projects? g. Comment on the Principles of Restrictions under current Foreign Trade Policy. h. What are the functions of RBI under FEMA? i. What is the importance of Multilateral Commitments with respect to International Trade? j. What are the types of Bill of Entry applicable in case of Import?

2. On 19th December 1985 in the case of Life Insurance Corporation of India v. Escorts Ltd. &Ors., Justice O. Chinnappa Reddy observed that, "Indian economy which has to operate under the existing world economic system needs lots of foreign exchange to meet its developmental activities." Since then till now, India's Foreign Investment Policy has continuously improved to attract more and more investment. In this background write a descriptive note on India's Foreign Investment Policy. (Marks 10)

3. Write a descriptive note on the Foreign Trade Policy 2015-20 relating to Export Oriented Units Electronics Hardware Technology Parks Software Technology Parks (STPs) and Bio-Technology Parks (BTPs). (Marks 10)

4. Discuss the following:- (Marks a. Write a descriptive note on the evolution of India's International Economic Policy with special reference to its participation in GATT/World Trade Organisation. b. What do you understand by Importer-Exporter Code Number? Whether a person is entitled under Foreign Trade (Development and Regulation) Act, 1992 to import or export any goods in case of suspension or cancellation of Importer-Exporter Code Number? Discuss the procedure to obtain IEC number as mentioned under the Foreign Trade Policy 2015-20?
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5. India for the first time moved into the top 100 in the World Bank's Ease of Doing Business global
rankings on the back of sustained business reforms over the past several years. This was
announced by the 'World Bank Group's latest Doing Business 2018: Reforming to Create Jobs
report.' In this background write an analytical note on the current Foreign Trade Policy with
special reference to Innovative steps for Trade facilitation and ease of doing business in India.
(Marks 10)

6. The smooth flow of goods and services across borders is one of the most significant elements
contributing to a country's competitiveness at global level. In this respect several departments of
the government of India such as the Ministry of Finance, the Ministry of Shipping, the Ministry of
Road Transport etc. play crucial role but undoubtedly from trade policy formulation and
implementation point of view major role is played by the Department of Commerce under the
Ministry of Commerce and Industry. In this background write a descriptive note on various
offices/organisations under the administrative control of Department of Commerce, Ministry of
Commerce and Industry, Government of India. (Marks 10)

7. Discuss the following:- (Marks
a. Write a descriptive note on Joint Ventures.
b. According to the current FTP, "Exporters need to project a good image of the country abroad
to promote exports. Maintaining an enduring relationship with foreign buyers is of utmost
importance, and complaints or trade disputes, whenever they arise, need to be settled
amicably as soon as possible."
Considering above-mentioned background, discuss the Mechanism adopted under current FTP
for Quality Complaints and Trade Disputes.