Chapter 1

1. Theory of International Trade

a. Define the Richardian theory of trade. What are the assumptions of this theory?
b. Rybczynski Theorem (S)
c. Briefly explain the Factor endowment Theory of trade. What are its assumptions?
d. Modern theory of Trade (S)
2. Balance of Payment
a. What do you mean by Balance of Payment Accounting or define the different types
of international cash flows.
b. What is the difference between capital account and current account?
c. Discuss the various factors causing disequilibrium in the Balance of Payments.
d. Explain the methods of correcting disequilibrium in the balance of payments
e. If a country’s inflation rate increases in relation to the countries with which it
trades, its current account would be expected to increase.
f. International Capital flows do not accelerate the momentum of globalization (S)
3. Briefly explain the various tariffs and non tariffs barriers to trade.
4. Distinguish between Tariff and quota.
5. International Business Environment
a. Distinguish between domestic, foreign and global environment. Explain the
economic and financial environment related to international business.
b. Legal environment of International Business (S)
c. How is political environment a relevant factor in decision making process in
International Business operations?
d. What are the major cultural factors that affect international business? Give suitable
illustration in support of your answer.
6. Basic functions, processes and techniques of International Business are essentially the same
as those involved in domestic business. (SN)
7. Describe the major problems faced by developing countries in promoting their exports.
Suggest measures to solve these problems.
8. Why do companies engage in international Business?

Chapter 2
1. Globalization; An overview
a. What is globalization and what is its effect on world economy?
b. Globalization and Glocalization or Customs Union & Free Trade Area.
c. Describe the major forces of globalization giving suitable examples. (S)
d. How has international financial architecture evolved over a period of time?
e. Cross Border Mergers & Acquisitions
f. Franchises and Sub-contracting
g. Discuss the trends of World Economy over last some decade.

2. International Investment
a. What do you mean by Foreign Direct Investment?
b. Distinguish between Direct and portfolio investment, clearly pointing out their
respective key characteristics.
c. Evaluate the advantages and disadvantages of FDI. What is your opinion of the role
of FDI in the economic development of the host country? Illustrate your answer with
India’s experience.
d. Analyze the recent trends in International FDI Flows
e. Discuss the trends in FDI inflows in India.
 f. What is Multilateral Investment Agreement? Suggest various measures for
consideration of such agreement.
3. Subsidies do not help local companies to be cost effective
4. Transnational Corporation
a. Describe various reasons which help a firm to become transnational. What do you
mean by Transnational Corporation and also gives its features?
b. The features of TNCs of developed countries are same as the TNCs of developing
countries.(SN)
5. Technology Transfer
a. What is international agreement and Intellectual property rights?
b. Discuss the concept of transfer of technology. What are the various levels of
Transfer of Technology? Discuss giving suitable examples in support of your answer.
c. Write Short notes on strategic alliance.
d. Trade related intellectual property
Chapter 3
1. Write Short notes on Terms of Trade.
2. Do you think that free trade is always better than no trade? Give arguments.
3. Write Short notes on special Drawing Rights
4. Fixed Exchange Rate and Flexible exchange rate.
5. TRIMS : Trade Related Investment Measures (SN)
6. International Financial Institutions
a. The Asian Development Bank (SN)
b. The African Development Bank (SN)
c. International Finance Corporation (SN)
d. What are the broad objectives of IMF? What are its principal functions? How does it help
member countries in solving their Balance of Payment Accounts?
e. Discuss the exchange rates determined under the present International Monetary
System.
f. Describe the various activities performed by the World Bank. Do you think that these
activities are beneficial for developing countries? Substantiate your answer.
7. What is WTO? Explain its broad objectives, structure and functions. Has WTO succeeded in
achieving its objectives?
8. International Development Association
9. The UN Trade Point of Development Centre (UNTPDC)
10. Describe the long term factors affecting the demand for primary products.
11. Explain the role of UNACTD in finding solutions to commodity problems.
12. International Commodity Agreements (SN)
a. Commodity markets are not dominated by oligopolistic or monopolistic elements. (SN)
b. Describe the main features of world trade in terms of commodity/region composition in
recent years.
c. Analyze the commodity agreements of world trade. Explain the various problems of
developing countries in this context.
d. Commodity markets are free markets(SN)
e. Describe the long term factors affecting the demand for primary products.

13. What are the various forms of Regional Economic Groupings? Explain the impact of
Regional Economic Groupings. Suggest India’s Strategy of taking trade advantages of such
groupings
14. Multilateral Trading Systems
a. Regionalism & Multilateralism
 b. Plurilateral Trade Agreements (SN)
c. Explain multilateral trade agreements related to
 Trade related Investment measure in India
 Agriculture
 Textiles & Clothing

Chapter 4
1. Legal Framework of Foreign Trade
a. Enumerate the various legislations governing foreign trade in India, giving main provisions
of any one of them.
b. Discuss the essential elements of contract of sale. Describe the various implied conditions in
the contract of sale.
c. “A seller cannot convey a better title than that of his owner”. Discuss and also explain the
exceptions of this rule.
d. Prepare a model of Standardized Export Sales Contract for the export of garments to New
York.
e. All contracts are agreement but all agreements are not contracts.

2. What do you mean by proper law? Describe proper law of contract when the choice of law
clause:
a. Exists in the contract and identify its limitations.
b. Is absent
3. Explain the provisions of the Indian Arbitration and Conciliation Act 1996.
4. The agreement to export does not operate as a present sale of future goods (SN)
5. What are the major issues in settlement of International Trade Disputes? Discuss the role of
International Cambers of Commerce (ICC) in this regard.