Global Resources And Legal Environment

1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

End Semester Examinations – OCTOBER 2014

MIB – III SEMESTER

 GLOBAL RESOURCES AND LEGAL ENVIRONMENT

Duration: 3Hrs.                                                                                          Max. Marks: 100

Section – A

1. Answer any SEVEN questions. Each carries 5 marks.                          (7×5=35)
2. What is GI tag? What are its features and registration process? Give four examples of products with GI tag in India.
3. Differentiate conventional and non-conventional energy sources with examples.
4. What are cultural traits, complexes and patterns? Give examples of each.
5. Explain exploitation of labour using two examples.
6. Differentiate between TRIPS and TRIMS.
7. Explain green marketing and green washing with examples.
8. Differentiate between GATT and WTO.
9. How is social forestry different from agro-forestry? Give examples.
10. What are the types of regional trade agreements? Give four examples of such major agreements in the world.
11. Discuss country risk analysis using the risk factors. What are the techniques used for analysis?

Section – B

1. Answer any THREE questions. Each carries 15 marks.                    (3×15=45)
2. Explain Instruments of Trade Policy and their objectives. Briefly explain the methods used by the Government of India towards protectionism.
3. What are the different types of Letters of Credit? Briefly explain each type.
4. What are the major functions and principles of the WTO? What are its merits and demerits?
5. Discuss the pros and cons of globalisation in the context of Indian businesses.
6. Explain the basic principles of international law. What is meant by“the void at the intersection of sovereign boundaries”?

 

 

(Contd. P 2)

 

 

Section –C

1. Case Study –Compulsory question.                                (20 marks)
2.                                    Green packaging

Growth opportunities lie ahead for companies that recognize that sustainability is not something to embrace simply because of regulatory demands, but also because of the sales benefits of differentiated packaging and the cool factor increasingly associated with green. Sustainable packaging is now a $27 billion market, and it is growing at a rate of nearly 4 percent annually across three market segments: reusables, recyclables and degradables. Key drivers for this trend can be broken down into five areas: halo effect, legal landscape, channel pressures, the all-natural revolution, and product innovation.

• Halo Effect: Environmental consciousness is now mainstream, and that is being felt throughout the sustainable packaging sector. Consumers are expressing their green values through buying choices, marketers want to build a compelling brand story around sustainability, and companies in the supply chain are finding ways to increase earnings by being first to market with new materials and innovative designs.
• Legal Landscape: Although polystyrene is still the primary choice for takeout boxes, many countries have already banned their use, and the EU has taken legislative steps to make corporations more responsible for their packaging waste, a move that could easily have an impact on global packaging industry.
• Channel Pressures: A number of international airports have supplier mandates or on-site composting programs, and quick service restaurants, colleges, universities and sports arenas are also part of this trend.
• All-Natural Revolution: Green products go together with sustainable packaging. Research forecasts a compound annual growth rate of nearly 13 percent between 2010 and 2015 for packaged organic foods, and about 28 percent between 2012 and 2017 for green cleaning supplies.
• Product innovation: Companies that are choosing packaging innovations – such as the newest form of degradable moulded fibre  get the double win of making both a green statement and being cool.

Traditional recycling is likely to continue being the predominant material in the sustainable packaging arena in the near future. While degradable packaging is showing promise and innovation, that part of the market is inconsistent in widespread adoption and faces some short-term obstacles which needs to be removed.

 

Questions:

1. What are the drivers of growth for awareness and popularity of green packaging?
2. Justify the need for green packaging in India giving live examples of problems experienced by Bangaloreans nowadays.

(10+10)