B.B.M. (Sem. III) EXAMINATION, 2018
INTERNATIONAL ECONOMICS
(2013 PATTERN)
Time Three Hours Maximum Marks 80
N.B. All questions are compulsory.
(ii Figures to the right indicate full marks.
1. Define the term International Trade. Compare and contrast International
trade with interregional trade.
Or
Critically examine the Ricardian theory of comparative cost advantage.
2. Distinguish between tariff and non-tariff barriers.
Or
Describe the objectives and functions of World Trade Organization
(WTO).
3. Argue the case for and against free trade.
Or
What do you mean by Terms of trade What are the factors affecting
Terms of Trade of a country
4. Do you think existence of both IMF and World Bank leads to duplicity,
overlapping and confusion Justify your answer.
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Or
What do you mean by gains from trade Explain the concepts
of static and dynamic gains from trade.
5. Write short notes on (any four)
Trade as an engine of economic growth
GATT
IMF conditionality
Protection policy
Organizational structure of WTO
Concept of Absolute Cost Advantage.