IGNOU IBO-01 December 2017 Previous Year Question Paper

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

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

(b) If a country's inflation rate increases in relation to the countries with which it trades, its current account would be expected to increase.

(c) Understanding of new technology is essential for new product development.

(d) The purpose of a trade theory is to explain the pattern of trade between two countries.

(e) Trade policy is an important instrument to regulate the foreign trade.

(f) Intellectual Property Rights have become an important issue in current international business Scenario. PART - B Answer any four of the following :

Q2.(a) Describe factors affecting the balance of payments. 10+10=20

(b) Explain methods of correcting disequilibrium in the balance of payments.

Q3.Critically examine the Modern Theory of 20 ,International Trade.

Q4.(a) Why do firms become transnational ? Give your arguments. 10+10=20

(b) Discuss the issues and controversies of Transnational Corporations.

Q5.What are the key features of Foreign Direct 20 Investment (FDI) in India ? Distinguish between Direct and Portfolio investments, clearly pointing out their respective key characteristics.

Q6.What are the major problems faced by developing 20 countries in promoting their exports ? What are your suggestions to solve these problems ?

Q7.Write short notes on any two of the following

(a) Free trade and gains from trade 2x10=20

(b) Terms of trade

(c) General Agreement on Trade in Services (GATS)

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Q9.(a) ii1T-dri apti 10+10=20

(b) Trd -19 *Ei 3Rzr-t —d-9 Ghl cat *1 Pa 1W chl oWsqf ---1f-A7

Q10.3 -ttflt7 (-11-11(1 -clilcHch

Q13.Fachmi cite " .'1 3174 fizrriur k4 14 chi ITC04 20 cr7T t? TITR7Tr4 33-Fk Err wra t ?

Q14.tf eir. • t -97 Ttfkirff duLi ut-it fff ftg7 : 2x10=20

(a) -1T1?T (9.1141t ogiLIR tf

(b) «Ilyit Icy (Terms of Trade)

(c) tfq131 oqr-iik (GATS)

(d) -t -zr-qrq co-1141R.fr?;rdT IB0-001