1. Comment On any four of the following:

Several companies enter international business only to minimize competitive risk.

With success of GATT (now WTG) tariffs have become less important as a form of protection than non-tariff barriers.

Inappropriate structure and design restrict the timely flow of needed information and consequently hurt decision making.

Culture cannot be easily isolated from such factors as economic and political conditions and institutions.

While corporate social responsibility focuses primarily on business policy issues, ethics focuses on individual managerial behaviour.

Under fixed exchange rate system, a deficit in balance of payments is adjusted by a fall in national income.

2. Distinguish between an agreement and a contract. Also describe essential elements of a valid contract.

3. According to international trade theorists, nations gain from international trade (export and import). The gains are the consequences of exploiting relative comparative advantages, derived from exporting those goods that a nation holds superior in production cost. Do you agree with this view? If so, why? If not, why not?

4. Discuss recent trends and current issues in the transfer of technology.

5. Differentiate between Direct and Portfolio investment. What are the advantages of FDI What are the limitations? Discuss.

6. What are International Commodity Agreements? What purposes do these agreements serve? What are their usual components? Illustrate your answer by discussing anyone agreement.

7. Explain the broad objectives and functions of International Monetary Fund.

8. Write short notes on any two

International Trade in services

EDI standards

WTO and Environmental Agenda

Multilateral Investment Guarantee Agency (MIGA)