IBO 03 India’s Foreign Trade , IBO 03 Solved Assignment 2020-21 , IBO 03 Assignment 2020-21 , IBO 03 Assignment , IGNOU Assignments 2020-21- Gandhi National Open University had recently uploaded the assignments of this session for M.COM Programme for the year 2020-21. Students are recommended to download their Assignments from this webpage itself. They don’t need to go anywhere else when everything regarding the Assignments are available during this text only.
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IBO 03 Solved Assignment 2020-21
Course Code : IBO-03
Course Title : India’s Foreign Trade
Assignment Code : IBO-03/TMA/2020-21
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions
Q-1 Explain the concept of balance of payments. What are the main items in the balance of payments? Describe briefly India’s current and capital accounts.
Balance of Payment
Balance Of Payment (BOP) may be a statement which records all the monetary transactions made between residents of a rustic and therefore the remainder of the planet during any given period. This statement includes all the transactions made by/to individuals, corporates and therefore the government and helps in monitoring the flow of funds to develop the economy.
A BOP statement of a rustic indicates whether the country features a surplus or a deficit of funds i.e when a country’s export is quite its import, its BOP is claimed to be in surplus. On the opposite hand, the BOP deficit indicates that a country’s imports are quite its exports.
Tracking the transactions under BOP are some things almost like the double-entry bookkeeping system of accounting. this suggests , all the transactions will have a debit and a corresponding credit .
The Balance Of Payments
The Balance of Payments Divided
The BOP is split into three main categories: the present account, the capital account, and therefore the financial account. Within these three categories are sub-divisions, each of which accounts for a special sort of international monetary transaction.
The Current Account
The current account is employed to mark the inflow and outflow of products and services into a rustic . Earnings on investments, both public and personal , also are put into the present account.
Receipts from income-generating assets like stocks (in the shape of dividends) also are recorded within the accounting . The last component of the present account is unilateral transfers. These are credits that are mostly worker’s remittances, which are salaries sent back to the house country of a national working abroad, also as aid that’s directly received.
The Capital Account
The capital account is where all international capital transfers are recorded. This refers to the acquisition or disposal of non-financial assets (for example, a physical asset like land) and non-produced assets, which are needed for production but haven’t been produced, sort of a mine used for the extraction of diamonds.
The Financial Account
In the financial account, international monetary flows associated with investment in business, land , bonds, and stocks are documented. Also included are government-owned assets, like foreign reserves, gold, special drawing rights (SDRs) held with the International fund (IMF), private assets held abroad, and direct foreign investment. Assets owned by foreigners, private and official, also are recorded within the financial account.
The Balancing Act
The current account should be balanced against the combined capital and financial accounts; however, as mentioned above, this rarely happens. we should always also note that, with fluctuating exchange rates, the change within the value of cash can increase BOP discrepancies.
If a rustic features a fixed asset abroad, this borrowed amount is marked as a capital account outflow. However, the sale of that fixed asset would be considered a accounting inflow (earnings from investments). the present account deficit would thus be funded.
Liberalizing the Accounts
The rise of worldwide financial transactions and trade the late-20th century spurred BOP and macroeconomic liberalization in many developing nations. With the arrival of the emerging market economic boom, developing countries were urged to lift restrictions on capital- and financial-account transactions to require advantage of those capital inflows.
With capital and financial account liberalization, capital markets began to grow, not only allowing a more transparent and complicated marketplace for investors but also giving rise to foreign direct investment (FDI).
For example, investments within the sort of a replacement power plant would bring a rustic greater exposure to new technologies and efficiency, eventually increasing the nation’s overall gross domestic product (GDP) by allowing greater volumes of production. Liberalization also can facilitate less risk by allowing greater diversification in various markets.
The Bottom Line
The balance of payments (BOP) is that the method by which countries measure all of the international monetary transactions within a particular period. The BOP consists of three main accounts: the present account, the capital account, and therefore the financial account. the present account is supposed to balance against the sum of the financial and capital account but rarely does.
Globalization within the late 20th-century led to BOP liberalization in many emerging market economies. These countries lifted restrictions on BOP accounts to require advantage of the cash flows coming back from foreign, developed nations, which successively boosted their economies.
Q-2 Discuss various export promotion measures adopted by the Government of
Q-3 Describe Government’s measures for enhancing agricultural exports. How various infrastructural facilities have been strengthened?
Q-4 Define services. Identify various important services being exported by India. Discuss advantages and disadvantages also in this sector.
Q-5 Write short notes on the following:
(a) India and World Trade
(b) Special Economic Zone (SEZ)
(c) India – CIS Trade Relations
(d) Foreign Trade of Japan
IGNOU IBO 03 Solved Assignment 2020-21 : Gandhi National Open University had recently updated this session of 2020-21 M.Com Programme assignments on their official university website. we’ve made your work easy by making the solved assignments directly on one portal so as that students can easily get the solved assignments in one go. Students are advised to download their M.Com IGNOU Assignments from this webpage itself with none hassle.
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If you’re finding out the IGNOU M.Com Solved Assignment for 2020-21 Session then finally you’re at the right place. IGNOU M.Com Solved Assignments for 2020-21 are now available for download. you’ll easily get the PDF files by clicking the download button against the particular subject that you simply simply wish to choose .
IBO 03 Solved Assignment 2020-21 , you’ll download the M.Com IGNOU assignments for these courses like M.Com Business Environment, Marketing Management, Business Environment, Financial Management and much more.
These assignments are valid for two admission cycles (July 2020 and January 2021). The validity is given below:
1. Those who are enrolled in July 2020, it is valid upto June 2021.
2. Those who are enrolled in January 2021, it is valid upto December 2021.
In case you are planning to appear in June Term-End Examination, you must submit the assignments to the Coordinator of your Study Centre latest by 15th March and if you are planning to appear in December Term-End Examination, you must submit them latest by 15th September.
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