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IBO 01: International Business Environment
Dec 2020
Part—A
Q1. Comment on any four of the following:
(a) Settlement is a desirable solution for business disputes of international characters.
(b) The key factor that makes the market economy work is consumer sovereignty.
(c) Technology is the most important factor behind emergence of globalization.
(d) Monetary and fiscal policies are important tools for influencing BOP condition.
(e) The Ricardian theory of trade focuses on the comparative advantage of the nation.
(f) World Bank was set up in response to the pressing need for international capital to finance reconstruction of production facilities destroyed by war.
Part—B
Answer any four of the following:
Q2. Analyze the main features of world trade in terms of commodity and country region composition. Q3. How do the cultural factors influence managerial decisions in international business? Explain with examples.
Q4. When faced with competition from imports, what strategies do the governments adopt? In this context discuss the tariff and non-tariff barriers.
Q5. Explain the following:
(a) The Most Favored Nation (MFN) clause.
(b) Role of International Chamber of Commerce in Arbitration and Conciliation
Q6. Discuss the rationale of regional Economic Integration. Also explain the different types of integration, giving suitable examples.
Q7. (a) Distinguish between export-sales contract and domestic sales contract.
(b) Describe the provisions of the proper law of contract when choice of law clause does not exist in the contract.
Q8. Write short notes on any two of the following:
(a) Dumping
(b) International Commodity Agreements
(c) Ecological Environment
(d) Trade in Services