1. Describe the role of WTO in regulating the trade between different countries. What are the strategies that India has adopted for integrating itself with the world? (10+10)
2. Define services. How are they classified? Explain the potential and performance of India in exporting services. (5+5+10)
3. Distinguish between:
(a) Balance of Payment and Balance of Trade
(b) FDI and FPI (10+10)
4. Write short notes on the following:
(a) Indian Textile Industry
(b) Strength of Indian Leather Industry (10+10)
5. Comment briefly on the following statements:
(a) India’s export is highly concentrated in a few markets.
(b) The concept of export processing zones has gained popularity all over the world.
(c) Electronics & information technology segment of the Indian industry are fastest growing.
(d) The West Asian countries are very important for India’s foreign trade. (4x5)