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MEC-007No. of Printed Pages : 7
MASTER OF ARTS (ECONOMICS)
Term-End Examination
O June, 2010
MEC-007 : INTERNATIONAL TRADE ANDFINANCE
Time : 3 hours Maximum Marks : 100
Note : Attempt questions from each section as per the
instructions given.
SECTION-A
(Long-Answer Questions)
Answer any two questions from this section :
Discuss the Hecksher - Ohlin model of 20international trade. How is it different fromRicardion model of international trade ?
Critically examine the case for trade protection.
Discuss the various tariff and non-tariff barriersto international trade. 8+12
Discuss India's major trade policy reforms in post- 1991 period. Also examine the recent trends in
India's exports, imports and balance of payments.10+10
Critically evaluate the objectives, functions,process of funding and conditionality of IMF. 20
MEC-007
1 P.T.O.
SECTION-B
(Medium-length Answer Questions)
Answer any five questions from this section :
What is neo-mercantalism ? How does it retard 4+8world trade expansion.
Critically evaluate stopler samuelson theorem of 12international trade.
Highlight some of the differences between the 4+8economic crisis of developing and developedcountries. Illustrate your answer with referenceto East Asian crisis in the late nineties.
What do you understand by Prebisch Singer 4+8thesis. Have the terms of trade for developingcountries deteriorated in the post-second-worldwar period ? Critically discuss.
Explain the consequences of including services in 12multilateral trade negotiation for developingnations, with special reference to India.
What do you mean by surplus or deficit in balance 6+6of payments. Distinguish clearly between autonomous and accommodating items in balance ofpayments.
MEC-007 2
Explain the dispute settlement process of the 8+4World Trade organisation. Illustrate your answerwith some recent examples.
Distinguish between bilateralism, regionalism and 6+6multilateralism. Are regional trading blockspromoters of free trade ?
13. Critically examine the modern theory of 12
international trade with special reference to infra-industry trade and economies of scale.
MEC-007
3 P.T.O.
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MEC-007
5 P.T.O.
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MEC-007 6
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MEC-007 7