TUTOR MARKED ASSIGNMENT Course Code : IBO – 01 Course Title : International Business Environment Assignment Code : IBO – 01/TMA/2017-18 Coverage : All Blocks Maximum Marks: 100 Attempt all the questions. 1. Critically examine the partial Equilibrium Theory of Trade. How can this theory be applied for instruments of trade policy? 2. (a) Why do Firms become transnational? Discuss with examples.
(b) Explain the issues and controversies related to Transnational Corporations. 3. Distinguish between GATT and WTO. Discuss the Multilateral Trade Agreements related to Agriculture, Textiles and Clothing and Trade Related Investment Measures. 4. Comment on the following:
(a) There is no difference between contract and quasi contract.
(b) In contract of sale, unless there is a contrary intention, there is no implied warranty.
(c) In the settlement of international disputes, Arbitration is not preferred by business men.
