Code below prints the terms in a particular vocabulary associated with the node.

You can just copy and paste the code in a block. Do not forget to change $vid value for the vocabulary.

To get $vid value for your vocabulary, just go to admin/content/taxonomy and mouse over the "edit vocabulary" link for the vocabulary you want to print. You can see vid at the status bar - the number which is at the end of the path.

/**
 * Prints an unordered list of the terms (as links) that are
 * associated to the currently displayed node.
 */
if ( arg(0) == 'node' && is_numeric(arg(1)) ) {
    $node = node_load(arg(1));
    $vid = 2;
    $terms = taxonomy_node_get_terms_by_vocabulary($node, $vid);
    if ($terms) {
print '<ul>';
                foreach ($terms as $term) {
                print '<li>'.l($term->name, 'taxonomy/term/'.$term->tid).'</li>';

          }
print '</ul>';
    } 
}