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IBO 01: International Business Environment
Dec 2019
Part A
Q1. Comment on any four of the following statements:
(a) Instability in export earnings of developing countries is by both demand and supply facture:
(b) Globalisation refers to the absence of borders and barriers to trade between countries.
(c) With success of GATT (now WTO) tariffs have become less important as a form of protection than non-tariff barriers.
(d) Politics has always played and will continue to play an important role in shaping business all over the world.
(e) The recent expansion of technology has contributed to the growth of international business.
(f) Multinational Corporations face the issue of ethical dilemmas.
Part—B
Note: Attempt any four of the following questions.
Q2. Explain the concept and different forms of Alternative Dispute Resolution (ADR) mechanism.
Q3. What are International Commodity Agreements? What purposes do these agreements serve? What are their usual components? Illustrate your answer by discussing any one such agreement.
Q4. What is WTO? Explain its broad objectives, structure and functions.
Q5. Distinguish between tariff and non-tariff barriers. Explain various non-tariff barriers that restrict the international trade.
Q6. Explain the following:
(a) Electronic Data Interchange (EDI)
(b) Global Trade Point Network (GTPN)
Q7. What are Transnational Corporations (TNCs)? Why do firms become transnational? Describe main features o
Q8. Write notes on any two of the following:
(a) Current Account of Balance of Payments
(b) Terms of Trade
(c) UNCTAD's Integrated Programme on Commodities
(d) General Agreement on Trade in Services