IGNOU IBO-01 December 2023 Previous Year Question Paper

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

(a) Basic functions, processes and techniques of International business are essentially the same as those involved in domestic business. [ 2 ] IBO–001

(b) The objective of glob alization is to derive maximum benefits of both globalization and localization.

(c) The main strength of MNCs is their command of technology and innovation.

(d) The main reason for the sluggish growth in export earnings is the lack of appreciable growth in the volume of exports.

(e) The applicable law and jurisdiction under the export sales contract may or may not be the exporter’s country law and jurisdiction.

(f) The interface between trade and environment is an entirely new phenomenon. Part—B Note : Attempt any four of the following questions.

Q2.How does the home country environment influence foreign business operations of a firm ?

Q3.Discuss important elements of culture and their impact on a firm’s inter national business operations. 20 [ 3 ]

Q4.What is balance of payments ? Explain the factors affecting balance of payments. How does disequilibrium occur in the balance of payments ? Describe the methods of correcting the disequilibrium.

Q5.What do you mean by Globalisation ? Describe various forces of globalization. Do you think that the effects of globalization have been favourable on the world economy ? Discuss.

Q6.State briefly the laws that the exporter has to take into account before conclusion of the export contract. “All contracts are agreements but all agreements are not contracts.” Discuss.

Q7.What is multilateralism ? Explain the impact of Regional Economic Groupings on multilateralism.

Q8.Distinguish between GATT and WTO. Explain the structure and functions of WTO. State India’s concerns in relation to WTO. 20 [ 4 ]

Q9.Write short notes on any two of the following : 10×2=20

(a) Main advantages and disadvantages of MNCs operations for the ho st country and the home country

(b) Role of World Bank in promoting economic development

(c) Issues involved in settlement of International Trade Disputes.

(d) World Wide Web