IGNOU IBO-01 June 2022 Previous Year Question Paper

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

(a) "The international economy is fast turning into a borderless global village."

(b) "Like interna tional capital flow s, international labour migration provide s added gains to the transacting countries." IBO-01 2

(c) "Growing foreign exchange reserves are not always an index of good health of an economy."

(d) "Culture is pervasive in all marketing activities."

(e) "Is trade a zero -sum game or a positive -sum game ?"

(f) "In the contemporary world , developed countries are more and more inclined to use non-tariff barriers." PART B Answer any four questions from this part. 420=80

Q2.Critically examine the Ricardian theory of international trade.

Q3.How do socio -cultural and political environment influence international business ? Discuss with suitable examples.

Q4.(a) What do you mean by regional economic groupings ? In recent times, despite multilateralism there is a tendency to have regional groupings. Give reasons.

(b) Discuss the impact of Regional Economic Groupings.

Q5.(a) Distinguish between "tariff-barriers" and "non-tariff barriers" quoting illustrative examples from world trad e and transactions.

(b) Explain the mechanism through which such ‘barriers’ work.

(c) Why do the se ‘barriers’ fail to work at times ?

Q6.Explain the factors causing instability in the prices of commodities in internat ional markets.

Q7.Evaluate the role of International Commodity Agreements in stabilizing prices of agricultural products.

Q8.What are the major issues in settlement of international trade disputes ? Discuss the role of International Chamber of Commerce (ICC) in this regard.

Q9.Write short notes on any two of the following : 10+10

(a) Forces of Globalization

(b) Implied Conditions in the Sale of Goods Act, 1930

(c) Global Trade Point Network

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