M.Com. (Semester IV) (CBCS) Examination Nov/Dec-2018
INTERNATIONAL BUSINESS
Time: 2½ Hours Max. Marks: 70
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose the correct alternatives: 14
The absolute advantage theory of international trade was developed by
Adam smith in
1776 1817
1900 1960
The comparative advantage theory of international trade was developed by

Adam Smith David Ricardo
Raymond Vernon Wild
The theory of Mercantilism of international trade developed by Wild in

1776 1817
1900 2000
tariff may be levied by a company through which goods pass in
route to their final destination.
Specific Import
Transit Compound duty
tariff are levied by the country of origin on exported products.
Export Import
Transit Compound duty
means regulatory actions taken by government in order to affect
or interface with decisions made by individuals, groups, or organizations
regarding social and economic matters.
Government Finance Government Intervention
Government subsidies None of the above
deals with physical movement of goods services from one
place to another.
Export Transfer
Duty All the above
occurs when one company clearly purchases another and becomes
the new owner.
Merger Acquisition
Reconstruction None of the above
In route of FDI prior approval of government of India or RBI is
required.
Government Automatic
Specific None of the above
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SLR-CZ-16
10) is the process by which business or the organization develop
international influence or start operating of an international scale.
Privatization Liberalization
Globalization None of the above
11) GATT came into existence in the year
1991 1995
1986 1948
12) The full form of TPRB
Trade political revenue body Trade policy review body
Traditional policy review body None of the above
13) accounts of country's balance of payment consist of all
transactions related to trade in goods, services, income and unilateral
transfers.

Current Capital
Personal Nominal
14) When the autonomous receipts (credits) are greater than autonomous
payments (debits) is called as in balance of payment.
Deficit Loss
Profit Surplus
Q.2 Write answer in brief: 14
Drivers of Globalization
Types of Disequilibrium
Q.3 Write answer in brief: 14
Features of World Trade Organization
Technological Environment
Q.4 Answer any one of the following questions: 14
Important Salient features of GATT.
What is the importance of international Business? Explain in details.
Q.5 Answer any one of the following questions: 14
What are the advantages and disadvantages of FDI? Explain in details.
What are the measures to correct disequilibrium in Balance of Payment?
Explain in details.