IGNOU IBO-01 June 2021 Previous Year Question Paper

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

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

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

(c) Trade policy is an important instrument to regulate foreign trade. IBO-001 2

(d) Globalization refers to the absence of borders and barriers to trade between countries.

(e) Basic functions, processes and techniques of international business are essentially the same as those involved in domestic business.

(f) World trade has been growing faster than world output. PART B Attempt any four questions from this part : 420=80

Q2.How has WTO evolved from GATT ? What are its functions ? Describe salient features of Agreements on Agriculture and Trade in Services.

Q3.Explain the concept and different forms of Alternative Dispute Resolution (ADR) mechanism.

Q4.Critically examine Ricardian Theory of Trade.

Q5.What is Balance of Payments ? How does disequilibrium occur in balance of payments ?

Q6.Describe the methods of correcting the disequilibrium.

Q7.Evaluate the advantages and disadvantages of FDI. Is it necessary to have a co mprehensive multilateral framework to facilitate growth of FDI ? Give your arguments.

Q8.What is ‘Electronic Commerce’ ? What are its various benefits ? Explain the role of Global Trade Point Network in this connection.

Q9.Write notes on any two of the following :

(a) Transfer Pricing

(b) Regional Economic Groupings

(c) Theocratic Legal System

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