IGNOU IBO-01 December 2016 Previous Year Question Paper

Q1.Comment on any four of the following : 4x5=20

(a) Several companies enter international business only to minimize competitive risk.

(b) With success of GATT (now WTO) tariffs have become less important as a form of protection than non-tariff barriers.

(c) Inappropriate structure and design restrict the timely flow of needed information and consequently hurt decision making.

(d) Culture cannot be easily isolated from such factors as economic and political conditions and institutions.

(e) While corporate social responsibility focuses primarily on business policy issues, ethics focuses on individual managerial behaviour.

(f) Under fixed exchange rate system, a deficit in balance of payments is adjusted by a fall in national income.

Q2.Distinguish between an agreement and a contract. Also describe essential elements of a valid contract. 5+15=20

Q3.According to international trade theorists, nations 20 gain from international trade (export and import). The gains are the consequences of exploiting relative comparative advantages, derived from exporting those goods that a nation holds superior in production cost. Do you agree with this view ? If so, why ? If not, why not ?

Q4.Discuss recent trends and current issues in the 20 transfer of technology.

Q5.Differentiate between Direct and Portfolio investment. What are the advantages of FDI ?

Q6.What are the limitations ? Discuss. 10+5+5=20

Q7.What are International Commodity Agreements ?

Q8.What purposes do these agreements serve ? What are their usual components ? Illustrate your answer by discussing any one agreement. 5+5+10=20

Q9.Explain the broad objectives and functions of International Monetary Fund. 10+10=20

Q10.Write short notes on any two : 10+10=20

(a) International Trade in services

(b) EDI standards

(c) WTO and Environmental Agenda

(d) Multilateral Investment Guarantee Agency (MIGA) IBO-001 3 3TO.A1311.-o01 I atd1-1104 alc iiq &11:11C11 trucichllvt raw' eii/airui‘Ter i icici zcirru v7f9' trffau qtiusii, 2016 3Trt.lkaft.-001 : ataTh&rIti ccicitilti Lin ql Fx771 :3 Wot agfewdxr 37'w : 100 : 70% 'Ow vf7 ,311 '3177 fit9e411 filF otddi47 4FSic t I

(ii) ?Pit so-d . 34 — WIT el

Q11.1:4-4-irciRgill',11:. rA• fl 411(1 4x5=20

(a) 31.4W chtillea ,fail 71ftfR Wgf ct)t t aiffertz 14 %TMr1n1 f I

(b) GATT (31 WTO) chikui WF, *--trtiF ardttl - 3T4V1, Tiwur faftT* cr-4431-4w .-T-gr-6- 74tf1t .i

(c) 31-19 -*1 4t -ci•f r5,711-1 31T4FFW tii ~i feia) cb,( t-hcikcitco-f, fferd cntd t

(d) *Eft -k74 Tra-4, 31Tfqw-cr4 fmr-4 -ffm 42.Trat, aiwr 14,4117f kichil I

(e) 74W 1 11 lid 31c1.) dx -1(714 11(seicl: -11R-1* 11:figr A.1 t, 37-ffr-{ 41R-1 (Ethics) 04461411 744TIzi cqcfw tr-{Vo ts?dl t I

(f) 1:2TRft 1,11-14-iti 1;ralTI. aimiff liriffrff *Er AI 7 .9ft (deficit)17Tit ..4 l frRTIZ 3-117Ala c lc ltl Act cbqi Aim t

Q14.AlS111114)1 (technology) A441:1F Tr118 .

Q15.al.. T'w-qR fat* -5ffaif -44vr -a.2tr LilLf.)1rcieilfrd-vr fa--d-vr ;Err t? rTr1-174 t? 10+5+5=20 °emelt 1rARI

Q16.ateittz30:1 -K # 1:NIV # AzIT t? 51t1 cir-I Mei *I tirci t? lzrr hidch (components) t t? f41 . ict) # 71-4N . Mq -9. ltl 3Ttr4 drR 411;10 l I 5+5+10=20

Q17.3td-ki7171 iftW 0b)ti (IMF) t oqP406 TOt i c4iitsql--1-F--A7I 10+10=20

Q18.-14-1 kgd m ictrilt TENT7 ThfuR :

(a) 0114-43-1dttz 0'1141k

(b) EDI 1- 11- Ich (standards)

(c) WTOW-IT 1,451

(d) ffed7T -cot (MICA) 10+10=20