IMPORTANT QUESTIONS WITH ANSWERS - IGNOU : MCOM : IBO 1 - INTERNATIONAL BUSINESS ENVIRONMENTS

IMPORTANT QUESTIONS & ANSWERS

IGNOU MCOM

IBO 1 - INTERNATIONAL BUSINESS ENVIRONMENT

UNIT - 1

Q- 1. Define International Business Environment. Also differentiate between micro and macro environments.

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Q- 2. How does the home country environment influence foreign business operations of a firm ? Explain.

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Q- 3. How  economic  environment affect the business decision of a firm ?

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Q- 4. Discuss important elements of culture and their impact on a firm's international business operations.

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Q- 5. What is political risk ? What are the major types of political risks? Discuss.

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UNIT - 2

1. Critically examine Richardian Theory of Trade.

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2. Describe The Heckschereohlin-Samuelson Theorem.

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3. Explain the modem theory of trade.

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4. Distinguish between Absolute advantage & comparative advantage.

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UNIT - 3

1. What do you mean by the Balance of Payment Accounting ? Describe various components of the Current Account.

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2. What is balance of payment? Explain the factors affecting the balance of payments.

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3. How disequilibrium occurs in the balance of payment? Describe the methods of correcting the disequilibrium.

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UNIT – 4

1. Distinguish between tariff and non-tariff barriers. Explain various non-tariff barriers to restrict the international trade.

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2. Describe the impact of quota and tariff.

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3. Write short notes on: i) Flexible exchange rate ii) Fixed exchange rate. 

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UNIT – 5

1. What do you mean by Globalization? Describe various forces of globalization.

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2. Do you think that the effects of globalization have been favourable on the world economy. Discuss.

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3. Write notes on: i) Cross-border Mergers and Acquisition  ii) Globalization  iii) Porter's view of Globalization

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UNIT – 6

Q- 1. Evaluate the advantages and disadvantages of FDI. What is your opinion on the role of FDI in the economic development of the host country ?

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Q- 2. Distinguish between foreign direct investment and portfolio investment.

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Q- 3. What do you understand by Trade Related Investment Measures? What are the provisions of TRIMS under Marrakesh Agreement?

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UNIT – 7

Q- 1. What is TNC? Why firms become transnational?

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Q- 2. Describe main features of TNC.

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Q- 3. Discuss various issues and controversies related to transnational corporations.

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UNIT – 8

1. What do you understand by international transfer of technology? What are the main assets transferred in transfer of technology?

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2. Identify various mechanisms of transfer of technology.

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3. Analyse the issues raised by intellectual property rights as agreed to under the Marrakesh Agreement.

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UNIT – 9

1 . There is a view that the future of world trade is going to be one of trade among trade blocs rather than trade among nations. Do you agree with this view? Give reasons for your answer. 

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2. What are the major problems faced by developing countries in promoting their exports? What are your solutions to these problems?

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3. Write short notes on : i) Terms of trade ii) Multinational Corporations influence iii) Protectionism.

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UNIT – 10

Q- 1.  Distinguish between GATT and WTO. Explain the structure and functions of WTO.

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Q- 2. What are the major goals of the Uruguay Round?

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Q- 3. Explain the following multilateral trade agreements : (i) Trade Related Investment Measures (ii) Trade in Service (iii) Trade Related Intellectual Property.

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Q- 4. What is plurilateral trade agreements ? Explain major plurilateral trade agreements. 

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UNIT – 11

Q- 1. What is rational for Regional Economic Groupings ? Do You Think That Grouping may be beneficial for India ?

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Q- 2. What is Multilateralism ? Explain the impact of Regional Economic groupings .

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UNIT – 12

1. Briefly describe the role of UNCTAD in finding solutions to commodity problem.

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2. Explain major commodities agreements. How far these agreements have been successful?

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UNIT – 13

1. What were the basic reasons for setting up the International Monetary Fund?

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2. Discuss the role of IMF in present day exchange rate system.

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3. Explain the objectives and functions of IMF.

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4. What were the causes of failure of Bretton wood system. Explain the current system of exchange rate policy.

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5. Discuss the achievement of the International Finance Corporation in promoting investment in private sector?

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6. What are the functions and activities of International Development Association? Has the IDA succeeded in its efforts to promote economic development in developing countries?

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UNIT – 14

1. What are the various other contracts the exporter has to conclude while executing the export contract?

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2. State briefly the various laws the exporter has to take into account before conclusion of the export contract.

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3. "All contracts are agreements but all agreements are not contracts Discuss.

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4. State the circumstances under which an agreement is void ab initio.

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5. State the difference between void and illegal agreements and void agreement and void contract. 

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6. What is the Doctrine of Privacy of Contract? State the exceptions to this doctrine.

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7. What is wagering agreement? State the various circumstances under which an agreement is not a wager.

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UNIT – 15

Q- 1. Define Export Sales Contract. Distinguish between Export Sales Contract  & Domestic Sales Contract.

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UNIT – 16

1. What are the traditional methods of settlement of international trade disputes? State their merits and demerits.

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

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3. Discuss the role of ICC on arbitration and conciliation.

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4. Discuss the major issues involved in settlement of international trade disputes.

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5. State the special features of the new law on arbitration and conciliation in India.

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UNIT – 17

Q- 1. Describe the factors responsible for “environmental concerns" gaining increasing importance global trade agenda.

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 Q- 2.What has been the Indian experience in the field of trade vs environment? Outline briefly the steps India can initiate to tackle the issues that can surface in this context.

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UNIT – 18

1.What do you mean by trade in services? Enumerate difficulties encountered in defining trade in services.

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2.What are the four alternative modes of international transactions in services? With the help of suitable examples, describe each one of them.

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3. Discuss the role of trade in services in economic development.

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4. What is GATS ? Discuss its salient features and benefits to the developing countries.

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5. Why is service sector important to the Indian economy? What are the major service  areas in which Indian firms possess export potentials? Discuss.

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UNIT – 19

1. Describe various ethical v/s unethical activities of Multinational Corporations.

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2. Explain various code of ethics for International marketing relevant for the Multinational Corporations.

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3. What is social responsibility to business? Explain the areas of social responsibility.

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UNIT – 20

1. What are the principal functions of Internet? Are they similar to a VAN?

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2. Why are EDI standards so important and why one standard cannot serve across industries? 

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3. What is web browser? How have browsers contributed to the growth of the WWW?

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Q- 4. What are the objectives of Trade Point Programme of U.N?

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