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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M.I.B. – III SEMESTER
GLOBAL RESOURCES &LEGAL ENVIRONMENT
Duration: 3 hours Max. Marks: 100
INSTRUCTIONS:
Please read the questions carefully. Please write legibly. Do not copy the question. It is
sufficient if you will mention the section number and question number before writing your
answers. Please answer only the required number of questions in each section. Answering
more questions than what is required will entail negative marking.Provide examples where
necessary. For Section ‘C’ and ‘D’ please provide an answer based on your conceptual
understanding of the topic.
SECTION – A
I) Answer any TEN questions. (10×1=10)
Please expand the abbreviations:
1. HSN
2. UCPDC
3. UNCITRAL
4. MIGA
5. OECD
6. TRIMS
7. CFR
8. URC
9. EXW
10. TRIPS
11. WCO
12. ICC
SECTION – B
II) Answer any FIVE questions. Answer not to be more than 6 lines. (5×2=10)
Please provide a brief definition of the following words:
13. Goods
14. Letter of Credit
15. Negotiable Documents
16. A Condition in a Contract
17. Liquidated Damages
18. Negotiable Instruments
SECTION – C
III) Answer any FIVE questions. Answer should not be more than one page. (5×6=30)
Please write an essay on the following topics:
19. Carbon Credits
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20. Harmonized System of Nomenclature given by the WCO
21. Importance of Privatization for Economic Development
22. Economic Integration in International Trade
23. International Chamber of Commerce
24. Difference between GATT and WTO
SECTION – D
IV) Answer any FIVE questions. Answer not to be more than 2 pages. (5×10=50)
25. State any 5 risks in an International contract. Explain what are the means available to
mitigate these risks?
26. State the different types of renewable and non-renewable Energy Resources. Taking
the example of any one resource, explain the issues faced and action plans needed for
sustainable development with respect to that energy resource?
27. State the different types and categories of law. Why are laws different in different
countries?
28. What are the different types of Letters of Credit? Provide a brief explanation for each
type of letter of credit?
29. What are the important objectives of the WTO? What are the current merits and
demerits of the WTO?
30. Explain the terms ‘Anti-Dumping Duty’ ‘Safe Guard Duty’ and ‘Countervailing
Duty’?