Nalanda Open University
Annual Examination 2017
B.A. Economics (Honours), Part-III
Paper-VI (International Economics)
Time: 3.00 Hrs. Full Marks: 80
Answer any Five questions. All questions carry equal marks.
1. What do you mean by free trade? Discuss its merits and demerits.
2. Critically examine Heckscher-Ohlin theory of international trade
3. What do you mean by terms of trade? Give an idea of various types of
terms of trade.
4. Discuss the objectives and functions of the World Bank.
5. Examine the merits and demerits of quota.
6. Discuss the changes in the direction of India's foreign trade.
7. What steps have been taken by Indian government for export promotion?
8. Do you agree that 'trade is the engine of growth'?
9. Give arguments for and against the policy of protection.
10. Write notes on any Two of the following
I.M.F.
Balance of payments
W.T.O
Foreign Direct Investment