International Business — DU B.Com (P) Previous Year Question Papers

1. (a) "The world has increasingly transformed into a global village." Explain this statement in the context of globalization and discuss the major driving forces responsible for this transformation. (9) (b) Explain the various modes of entry into international business. Discuss their advantages and disadvantages. (9) (c) Discuss the major challenges and problems faced by companies while expanding their business into overseas markets. (9) (d) “Globalization is both a blessing and a curse.” Critically examine this statement. (9) 2. (a) (b) (c) Define international business and explain the various factors influencing international business operations. (9) Do you agree that technological advancements are essential for international business strategy? Discuss with suitable arguments. (9) Discuss the major economic and financial environmental factors affecting international business. (9) (d) “Cultural diversity has emerged as a major challenge for multinational corporations.” Elaborate. (9) 3. (a) (b) (c) Explain the Heckscher-Ohlin (Factor Proportions) Theory of international trade and state its underlying assumptions. (9) Discuss the Theory of Comparative Advantage in international trade with a suitable example. (9) Explain Porter’s Theory of National Competitive Advantage and discuss its significance in international trade. (9) (d) Discuss Adam Smith’s Theory of Absolute Advantage with an appropriate example. (9) 4. (a) Analyze the costs and benefits of any three forms of regional economic integration. (9) (b) Explain the objectives, functions, and significance of the World Bank and IMF in international business. (9) (c) Discuss regional economic integration efforts among countries in Europe, North America, and Asia with reference to EU, USMCA, and (d) Explain the structure, functions, and scope of the World Trade Organization 5. Write a short note on the following: (Any three) (a) Exchange Rate Systems (b) Leontief Paradox (c) Balance of Payment (BOP) (d) Sustainable Development in International Business Foreign Direct Investment (FDI) and its types (3×6=18)