IBO1 EM 2023 PGDIBO SOLVED ASSIGNMENT

Description

COURSE CODE : IBO-01
COURSE TITLE : International Business Environment
ASSIGNMENT CODE : IBO-01/TMA/2023
COVERAGE : ALL BLOCKS
Maximum Marks: 100
Attempt all the questions:
1. (a)Briefly explain the political and economic environment of
International Business.
(b)What do you mean by disequilibrium in balance of payments.
What are the causes behind it? How can it be corrected.
(10+10)
2. Briefly explain the areas of international trade disputes. Explain the
methods of settling the trade disputes along with advantages and
disadvantages.
(20)
3. Distinguish between the following:
(a)Absolute advantage & comparative advantage
(b)Arbitration vs. Litigation
(c) Fixed and Flexible exchange rate
(d)Current account and capital account of Balance of Payments.
(4×5)
4. Comment on the following statements:
(a)All contracts are agreements but all agreements are not contracts.
(b)In the neoclassical model free trade not only equalises the relative
commodity price in the two countries but also equalises the
relative wage rate.
(c) An international business firm should not monitor the foreign
country’s trade, monetary and balance of payments account.
(d)Indian foreign trade policy does not facilitate the import of
technology.
(4×5)
5. Write short notes on the following:
(a)TRIPS
(b)World Trade Organisation (WTO)
(c) Alternative Dispute Resolution (ADR)
(d)Code of Ethics in International Marketin