IGNOU IBO-01 December 2018 Previous Year Question Paper

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

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

(b) "Globalisation refers to the absence of borders and barriers to trade between countries".

(c) "Intellectual Property Rights have become an important issue in International Business scenario".

(d) "The ethical codes should not be too vague or too detailed".

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

(f) "Fluctuations in exchange rates affect the profitability of not only exporting/ importing firms but also purely domestic firms". PART - B (Attempt any four questions from this part ) :

Q2.Critically examine the Modern Theory of 20 International Trade.

Q3.What is Balance of Payments ? How does disequilibrium occur in Balance of Payments ?

Q4.Describe the methods of correcting the disequilibrium. 4+8+8

Q5.Distinguish between tariff and non-tariff barriers.

Q6.Explain various non-tariff barriers in the International Trade.

Q7.Explain the following : 10+10

(a) Electronic Data Interchange (EDI)

(b) Global Trade Point Network (GTPN)

Q8.Write explanation note on any two of the following : 10+10

(a) Free Trade and gains from trade.

(b) Terms of Trade.

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

(d) Regionalism versus Multilateralism.

Q9.Explain the structure and functions of WTO. Is the WTO helpful to international business or is it a hindrance ? Give your precise opinion.

Q10.(a) Explain the role of transfer of technology in International trade. 10+10

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