M.A. DEGREE EXAMINATION, APRIL 2017
Second Semester
Economics
INTERNATIONAL ECONOMICS
(2016 onwards)
Time 3 Hours Maximum 75 Marks
Part A (10 x 2 20)
Answer all the questions.
All questions carry equal marks.
1. Write any two assumptions of Hecksher-Ohlin Theorem.
2. What is meant by Terms of Trade?
3. Give any two types of Foreign Exchange.
4. What is IBRD?
5. What do you mean by BoP?
6. Write any two methods of Exchange control.
7. Define Trade Protection.
8. What is meant by Quota?
9. Write any two important functions of Euro currency
market.
10. Mention any two objectives of GATT.
Sub. Code
455502
RW-122
2
Sp 5
Part B x 5 25)
Answer all the questions, choosing either or
All questions carry equal marks.
11. Explain Factor-Price Equalization Theorem.
Or
Describe the concept of Factor Reversal.
12. Discuss the importance of Foreign Exchange.
Or
Examine the impact of International flows of Goods
and Capital.
13. What are the differences between BoP and BoT?
Or
Write a note on Devaluation Deluge.
14. Argue in favour and against the Trade Protection.
Or
Discuss the essential conditions for Development.
15. Explain the functions and objectives of NIEO and
European Union.
Or
Examine the importance of FDI and MNC's in
developing countries.
RW-122
3
Sp 5
Part C x 10 30)
Answer any three questions.
All questions carry equal marks.
16. Explain the Heckscher-Ohlin Theory.
17. Critically examine the Bretton woods system and the
demise of it.
18. Discuss the relationship between devaluation and
balance of payment deficit.
19. Elaborate various classifications of Tariffs and its effects.
20. Examine the objectives, functions and importance of IMF.
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