1. Till 1980s, the import licences were required for _______. (a) restricted capital goods (b) goods in the OGL (c) both (a) and (b) (d) neither (a) nor (b) 1. “India remained in race in the...

(a) restricted capital goods (b) goods in the OGL

(c) both (a) and (b) (d) neither (a) nor (b) 1. “India remained in race in the production of labour-intensive commodities.” Comment on the statement in the light of the historical backdrop of Indian economy.

2. Write a note on the trade regime of India till the 1980s. Discuss the complexities of the trade

regime in details.

3. Highlight the major economic reforms of liberalised Indian Economy introduced in the year

1991.

4. Which major structural changes took place in the foreign trade policy of India from the year

1992 onwards?

5. Write a note on Special Economic Zone Act, 2005. Throw light on major achievements of

the units in SEZs till 2012.