IGNOU IBO-01 December 2021 Previous Year Question Paper

Q1.Comment on any four of the following statements : 4×5=20

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

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

(c) Subsidies do not help local companies to be cost competitive.

(d) Theory of comparative advantage provides the basis for international trade.

(e) Free trade is always better than no trade.

(f) Ethical dilemmas and ethical lapses are the same. Part—B Answer any four of the following questions : 4×20=80

Q2.What are the alternative methods of entry into foreign markets ? Explain their merits and demerits. [ 3 ]

Q3.State briefly the various laws the exporter has to take into account before conclusion of the export contract.

Q4.Distinguish between tariff and non -tariff barriers. Explain v arious non -tariff barriers to restrict the international trade.

Q5.What are Trans national Corporations (TNCs) ?

Q6.Why do firms become trans national ? Describe main features of TNC and explain how are they different from MNCs.

Q7.What are the various forms of Regional Economic Groupings ? Discuss the impact of Regional Economic Groupings o n International Trade. [ 4 ]

Q8.Discuss various unethical activities carried out by the Multinational C orporations. Do you think that code of ethics could be helpful in controlling such unethical activities ?

Q9.Write notes on any two of the following :

(a) Strategic Alliances

(b) Intellectual Property Rights

(c) Global Trade Point Network

(d) General Agreement on Trade in Services (GATS) 4x5=20