(A Division of Achievers Academy)SUB: - IBDATE: - 11/03/15TIME: - 2 HRSMARKS: 75Note:1) all questions are to be attempted. 2) Use of Simple Calculator is allowed.3) Figures to the right indicate marks allotted to each questions.Q1 a. Distinguish between domestic business and international business.(8)Q1 b What is protectionism? What is the argument against it?(7)ORQ1 c. Explain the changes in pattern of world trade and production in recent years.(8)Q1 d. Explain the growing importance of international trade.(7)

Q2 a. What is WTO? What are its objectives?(8)Q2 b. Explain the theory of comparative cost advantage.(7)ORQ2 c. What is economic integration? Explain the different types of economic integration.(8)Q2 d. Explain Porters Diamond Model.(7)

Q3 a. What is Joint Venture? How it is used in expanding business?(8)Q3 b. Explain factors influencing international pricing strategies.(7)ORQ3 c. Explain the difference between International HRM and Domestic HRM.(8)Q3 d. Explain the process of building a multinational corporation.(7)

Q4 a. Explain different exchange rate mechanism and their implications.(8)Q4 b. Explain the role played by ECGC in international trade.(7)ORQ4 c. Calculate the FOB price to be quoted to an importer from the following details: (8)Ex factory costPackaging chargesExpenses upto loadingProfit expectedDuty DrawbackConversion Rate Rs. 1,52,000Rs. 28,000Rs. 20,00021% of FOB cost10% of FOB price$1 = Rs. 50

Q4 d. What is mean by convertibility of currency?(7)

Q5 Write Short Notes on [Any Three] from the following:(15)1. Licensing or Franchising2. IMF3. FDI4. Niche Marketing5. NAFTAProf. Agarwals Achievers Tutorial / TYBBI / IBPage 1