M.A. DEGREE EXAMINATION, NOVEMBER 2017
Third Semester
Economics
INTERNATIONAL ECONOMICS
(CBCS 2014 onwards)
Time 3 Hours Maximum 75 Marks
Part A (10 X 2 20)
Answer all questions.
1. What is International Trade?
2. What is the basis of Foreign Trade?
3. Define Trade.
4. List out any two advantages of International Trade.
5. State the determinants of foreign trade multiplier.
6. What is meant by exchange rate?
7. Give the meaning of SDR.
8. State the ills of Foreign Aid.
9. What are tariffs?
10. Narrate the instrument of Protection Policy.
Sub. Code
4MEC3C2
AFF-4787
2
Wk6
Part B X 5 25)
Answer all questions, choosing either or
11. Enumerate the main features of Foreign Trade.
Or
Show the superiority of H.O theory to the classical
theory of comparative cost.
12. "Long run gains to a country from its foreign trade
depend upon several factors" Explain.
Or
Explain the trade off between technical progress
and trade of a country.
13. Examine the operations of foreign trade multiplier.
Or
Explain the case for foreign trade multiplier.
14. Make a distinction between WTO and GATT.
Or
Explain the case for flexible exchange rate system.
15. What are the advantages of free trade?
Or
Explain the flow or FDI to India.
Part C X 10 30)
Answer any three questions.
16. Evaluate the comparative cost theory of international
trade.
17. Examine the factors that determine terms of trade.
AFF-4787
3
Wk6
18. Explain the monetarist approach to BoP.
19. Analyse the financial facilities of the IMF to developing
countries.
20. "Tariffs is an effective and elaborate tool in the hands of
the Countries" Elucidate the statement.
————————