LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

PK 23

FIFTH SEMESTER – April 2009

EC 5501 – INTERNATIONAL ECONOMICS

 

 

 

Date & Time: 17/04/2009 / 9:00 – 12:00     Dept. No.                                                       Max. : 100 Marks

 

 

PART – A                                                     (5 x 4 = 20)

Answer any FIVE of the following

each answer not exceeding more than 75 words

 

1. Explain the case for International trade.
2. Differentiate Net and gross terms of Trade.
3. Explain the concepts fixed and flexible exchange rates.
4. What are the salient features of WTO.
5. Explain the term International Liquidity.
6. What are the functions of IMF.
7. Differentiate Balance of Trade and Balance of payments.

      PART – B  

Answer any FOUR of the following                                                               (4 x 10 = 40)

Each answer not exceeding more than 250 words.

 

8. What are the defects of classical theory of International trade.
9. Explain the different types of terms of Trade.
10. Explain the functions of IBRD.
11. Highlight the gains from International trade.
12. Explain the features of current account and capital account.
13. Justify the need for the theory of protection in underdeveloped countries.
14. Explain the salient features of EXIM policy.

PART – C  

     Answer any TWO questions                                                                            (2 x 20 = 40)

each answer not exceeding 900 words.

 

15. Evaluate the modern theory of International trade.
16. Discuss the working of purchasing power parity theory in determining exchange rate.
17. Critically evaluate the role of WTO in India’s economic development.

18.       Discuss the various effects of Globalisation and liberalisation in India’s Economic growth.

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