Test Papers / Previous Question Papers of Indira Gandhi National Open University IBO1 International Business Environment June 2003

Post Graduate Diploma in International Business Operations
Master of Commerce
Term-End Examination

Time: 3 hours
Maximum Marks: 100

1. Explain the Modern Theory of International Trade. How is it an improvement over the Classical theory? (20)

2. What do you mean by Balance of Payments? Explain the relationship between the balance of payments and the exchange rates of a country, giving suitable illustrations in support of your answer. (20)

3. (a) Distinguish between Foreign Direct Investment and Portfolio Investment.

(b) Briefly describe India's policy on import of technology. 5+15

4. What are the major problems faced by developing countries in promoting their exports ? Suggest some solutions to these problems. (20)

5. (a) State the basic elements of an export sales contract.

(b) Explain the maxim Nemo dat quod non habet. Are there any exceptions to this rule ? Explain giving appropriate illustrations. (5+15)

6. Explain the applicability of the 'Proper Law of the Contract (PLC)' when the choice of law clause is existing and when the choice of law clause is not existing. (20)

7. What do you mean by ethical dilemmas ? Describe the frameworks for resolving ethical dilemmas. (20)

8. (a) Do you think there is a need for multilateral investment agreement ? Give reasons.

(b) What is a TNC ? Why do firms become transnational? (10+10)

9. (a) Differentiate between TRIPs and TRIMs. State the items prohibited in TRIMs.

(b) Briefly describe the role of UNCTAD in resolving international commodity issues. (10+10)

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