IGNOU IBO-01 December 2024 Previous Year Question Paper

Q1.Comment on any four of the following statements using about 100 words each : 4×5=20

(a) Differences in environmental factors make domestic business different from the international firms. [ 2 ] IBO–01

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

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

(d) Countries running deficits in their balance of payments account generally impose control on movement of foreig n exchange out of their economies.

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

(f) Rupee is said to appreciate against foreign currencies in the case of a deficit in balance of payments. Part—B Note : Attempt any four questions from this Part.

Q2.What is international business all about ? Why should a firm enter international business ?

Q3.Why should a business operating entirely in the U. S. domestic market be concerned with happenings in the international business environment ? 8+6+6=20 [ 3 ]

Q4.What is Foreign Direct Investment (FDI) ?

Q5.Distinguish it from Foreign Portfolio Investments (FPIs). Explain br oadly India’s policy towards FDI since 1991. 6+7+7=20

Q6.What do you understand by ‘Trade in Services’ ? In which m ode of trade in services India is having strength and why ? What has been the recent trends in e xport of invisibles from India ? 6+7+7=20

Q7.Discuss the following multilateral environment agreements : 10+10=20

(a) The Montreal Protocol

(b) The Basel Convention

Q8.Explain the major problems faced by developing countries in promoting their exports. Suggest solutions to these problems. 10+10=20

Q9.Critically examine the modern theory of international trade. 20 [ 4 ]

Q10.Distinguish between any two of the following : 10+10=20

(a) Trade creation and Trade diversion

(b) Fixed and Flexible exchange rates

(c) Tariff and N on-tariff barriers in international trade

(d) Domestic subsidies and Export subsidies [ 5 ] IBO–01 vUrjkZ"Vªh; O;olk; izpkyu esa LukrdksÙkj fMIyksek@okf.kT; esa LukrdksÙkj mikf/ (ih- th- Mh- vkbZ- ch- vks-@,e- dkWe-) l=kkar ijh{kk fnlEcj] 2024 vkbZ-ch-vks--01 % vUrjkZ"Vªh; O;olk; ifjos'k le; % 3 ?k.Vs vf/dre vad % 100 uksV % funsZ'kkuqlkj nksuksa Hkkxksa ds mÙkj nhft,A Hkkx&d 1- fuEufyf[kr esa ls fdUgha pkj dFkuksa ij izR;sd ds fy, yxHkx 100 'kCnksa dk iz;ksx djrs gq, fVIif.k;k¡ dhft, % 4×5=20

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