IGNOU IBO-01 June 2019 Previous Year Question Paper

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

(a) Theory of Comparative Advantage provides the basis for international trade.

(b) l'rade policy is an important instrument to regulate foreign trade.

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

(d) While corporate social responsibility focuses primarily on business policy issues, ethics focuses on individual managerial behaviour.

(e) International capital flows do not strengthen the process of globalization.

(f) Services do not occupy an important place in Indian economy. IB0-001 2 PART B Attempt any four of the following questions :

Q2.What are the key features of Foreign Direct Investment (FDI) in India ? Distinguish between Direct and Portfolio investments, ' clearly pointing out their respective key characteristics. /0+/0

Q3.Distinguish between an agreement and a contract. Also describe essential elements of a valid contract.

Q4.Discuss the importance of political environment in international business. Explain arid give suitable illustrations in support of your answer. /0440

Q5.Discuss the following multilateral environment agreements : 10+10

(a) The Montreal Protocol

(b) The Basel Convention

Q6.How does the home country environment influence foreign business operations of a firm ? Explain.

Q7.What is balance of payments ? How does disequilibrium occur in balance of payments ?

Q8.Describe the methods of correcting the disequilibrium. 5+5+/0

Q9.Write short notes on any two of the following : /0+/0

(a) Terms of Trade

(b) International Finance Corporation

(c) Global Trade Point Network (GTPN)

(d) Non-Tariff Barriers IB0-001 4 aut.wft.ail.-oof I *6414204 WM TrdiF4 tlicichlvt 134411441/011141,744*t.lincolTut wit/ WA* Tritarr 1W, 2019 :at-dtfisfor mrawir TOO' FPPT: 3 Eiri aift-d-ir : 100 (pet WT: 70%) 7iZ: (los ar W I MUT 3i tilt.' f+-41 chxi-il tri ulu r *Pi* : 4x5=20 (W) grmicHch T'sT .W *gm atekiltzt ceiNit aTTErrT 3grg. cbtoi ogigit 00-1141t fe441:4ff iT4 TTWckui t I, (Tr) (4cpla aTrilfw tiA-Ineti Ww1W-41 mri *wall chiter4 4 aTRTF-41 3T—Tr Tei 1T+71 I (1=r) •31611-41 fiTirgff ■314) STItql -gwm: crl 4r1W ft ifficral urR taT t,

Q10.1MTT- #A (ethics) c4114011 344-Qzt odwit (30 ai-difitzr 31-07 antuf *I• 31*zIT tql Rtf cbt I (11.t;* (services) 147-414 aTatRidt:WT wr 74TR tig IB0-001 6 141-A&I # 4*-e W(37R-7*3-d-fer4cf:

Q11.1TR'ff 4 IFRT Wqrt -WM At TNT WIrd0 ? 1-4§Er WEr-draff TIT ebt; 3rFre 141J4)11Zitil Ne 4 aiffK "Ri iv 1 io+/0

Q12.tifdqi (agreement) 'MT 394V (contract) 4 atdi eicii4 I ttT ard-411- 31.14-40 mai aufq *ri*

Q13.aimiltzr ceicitlier 4 tki-nr*b qv! ii5ri A Ai* altr4 zw( *IP:rifq .1431.1) ssqwur cht 341:17Z Ai* io+io

Q14.f4H fel WERNI tviiatung T11:10-di *2r *if TIT'Rzm• silacbm c.i

Q17.ism 4 -4 TORE %Ai NI foftER : io+io oeiimit *1 Ta (Terms of Trade) NI) 411-i (IFC)

(7) tff'd- «mit RS 4Z-4 (GTPN)

(14) Lt) WO (Non-Tariff Barriers) IB0-001 32,000 •