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

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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.

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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.

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3 P.T.O.

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MEC-007 6

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