15.
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25.
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92.

33.
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35.
36.

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3 D 10354
What is mercantilism ?
Examine the characteristics of free trade.
What is Leontief Paradox ?
What is meant by countervailing duties ?
Summarize the infant industry argument.
What is meant by exchange rate ?
What are the different components of BOP ?
Explain the meaning of currency convertibility.
Distinguish between FDI and FII.
What is meant by equilibrium disequilibrium in BOP ?
(10 x 2 = 20 marks)
Section C (Short Essay)
Answer any six each question carries 5 marks.
What are the important arguments in favour and against free trade ?
What is meant by dumping and anti-dumping ? What are the different types of dumping ?
Discuss the subject matter and importance of international economics.
What are the important objectives of SAARC ?
What is tariff ? What are the different types of tariffs ?
Distinguish between fixed and flexible exchange rate systems.
Analyse the trend of India’s BOP position since 1991.
Discuss the role of IMF in international liquidity.
(6 x 5 = 30 marks)
Section D (Essay)

Answer any two questions.
Each question carries 12 marks.

Critically examine the comparative cost doctrine of International trade.

International trade is determined by the relative scarcity abundance of factors of production”.
Discuss.

What are the important measures to correct disequilibrium in BOP ?

Critically examine the PPP theory and mint parity theory of exchange rate determination.
(2 x 12 = 24 marks)

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