Do you think that study of international business environment is relevant for the
managers. Give your arguments and explain the economic and financial
environment of international business.
(5+15)
2. (a) Describe the working of Bretton Woods System.
(b) Discuss the financial assistance provided by International Monetory Fund.
(10+10)
3. Distinguish between :
(a) GATT and WTO
(b) Unlawful agreement and illegal agreement
(c) Current Account and Capital Account of balance of payments
(d) Utilitarianism and Formalism
(4×5)
4. Comment on the following:
(a) Quantitative restrictions do not have the effect of imposing absolute limits on
the goods traded.
(b) New technologies do not lead to economies in the use of raw materials.
(c) Quasi contracts do not represent certain relations resembling those created by
contracts.
(d) Grey marketing arises when goods are imported and sold through distribution
channels authorised by the manufacturer.
(4×5)
5. Write short notes on the following:
(a) Modern theory of trade
(b) Multilateral Investment Agreement
(c) Role of International Chamber of Commerce in Arbitration and Conciliation
(d) Code of ethics for International Marketing
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