International Trade

Monday, 10th December 2018

Section – I
Q-1 Attempt the following:
a) What is meant by different economic development?
b) Define economies of scale.
c) Distinguish between single and double factorial terms of trade.
d) Write objectives of WTO.
Q-2 Why do nations trade? Explain Ricardian model of international trade in this regard.
OR Q-2 Examine J.S.Mill’s theory of reciprocal demand, how does it differ other theories of international
trade? Explain.
Q-3 Define opportunity cost. Discuss trade equilibrium under constant cost conditions.
OR Q-3 What are the main proposition of modern theory of international trade? Explain price criterion of
factor abundance
Section II
Q-4 Describe the sources of gains from trade. What are the important factors with determine the size of
gains from international trade.
OR Q-4 What is the conflict between free trade and protective trade? Which one you support? Justify your
answer.
Q-5 What is meant by economic integration? How a custom union brings production and consumption
effects to its members? Discuss.
OR Q-5 Write Short Notes: (a) Impact of EEC (b) Globalisation and developing countries.

23rd November 2017

Section I
Q-1 Attempt the following:
(a) Why does international trade take place?
(b) State and explain how double factorial term of trade is symbolically expressed.
(c) How factor endowments determine the size of gains from international trade?
(d) What is meant by common external tariff?
Q-2 “International trade can assume even in the absence of absolute and comparative cost advantages”.
Discuss.
OR Q-2 Discuss briefly: (a) Difference in demand and supply conditions in international trade.
(b) Trade equilibrium under offer curve technique.
Q-3 What are the main proposition of H O model? Explain price criterion and physical criterion of factor
abundance.
OR Q-3 “The term of trade should be optimised rather than maximised for the economic welfare of a
country”. Substantiate your answer.
Section II
Q-4 What are the gains from international trade? How are they measured? Explain.
OR Q-4 What is meant by trade restriction? Do you support protective trade theory? Why? Give your
remarks.
Q-5 Define Custom Union. Explain price effects, Production and Consumption effects of a custom union.
OR Q-5 Write short notes. (a) Objectives and functions of WTO. (b) Impact of Globalisation

1
 Tuesday, 22nd November 2016
Section I
Q-1 Attempt the following:
(a) “There is increasing interdependence among nations of the world” explain in one paragraph.
(b) What is meant by factor intensive goods in a country?
(c) Free trade is most efficient tool of economic development. Comment.
(d) Give the structure of WTO.
Q-2 Explain reasons for the emergence of cost difference which form the basis of international trade.
OR Q-2 Discuss: J.s. mill’s theory. How it is simplied by using offer curve technique? Explain.
Q-3 Explain ‘Maximisation of economic welfare’ under commodity term of trade, according to Harberler.
Or Q-3 Discuss (a) Criteria of ‘Factor Endowment’ (b) Factor affecting of trade of a country
Section II
Q-4 What are the source of gains from trade? Discuss the factors which determine size of gains from
international trade.
OR Q-4 Examine the implication trade restrictions. Should there be whole orientation of free trade policy
or not? Give your comments.
Q-5 How a custom union is raised? Describe the production and consumption effects under the custom
formation
OR Q-5 Elaborate on the term ‘globalisation’. Critically, evaluate effects of globalisation with reference
to developing countries.
Monday, 26th October, 2015
Section – I
Q-1 Attempt the following:
a) Examine the situation of autarky in international trade.
b) Which economist developed the concept of single factorial TOT? Explain the concept.
c) What is the relevance of the argument of ‘conversation of natural resources’ for protection?
d) Give a brief note on 5C’s of globalisation strategy.
Q-2 David Ricardo’s main contribution to international trade was to show that there is a basis for beneficial
trade whether or not countries have any absolute advantage. Examine. OR
Q-2 Critically examine Mill’s theory of reciprocal demand.
Q-3 Explain and give practical significance of the following concepts: (A) Commodity terms of trade (B)
Income terms of trade OR
Q-3 Elaborate on (a) Internal and external economies of scale under new trade theory.
(b) Factors affecting terms of trade
Section II
Q-4 Explain the nature and sources of gains from international. Enumerates factors which determine the
size of the gain. OR
Q-4 Explain in detail the conflicting views on free trade and protective trade. Justify your opinion on the
same.
Q-5 What is meant by custom union? Does formation of such a union raise the welfare of a country? Justify
the answer. OR
Q-5 Developed countries often want developing countries to liberalize their trade. What according to your
should the developing countries demand in return? Discuss with reference to globalisation.
Friday, 9th January 2014
Section I
Q-1 Attempt the following: (10)

2
 a) What is the basis of international trade?
b) State factor price equalisation hypothesis.
c) What do you mean by productive efficiency of a trading nation?
d) Differentiate custom union with Free Trade Area
Q-2 What do you understand by “Comparative cost advantage”? How is trade under comparative cost
advantage gainful to the trading countries? Explain. OR (15)
Q-2 (a) Briefly explain John Stuart Mill’s theory of reciprocal demand. (07)
(b) Derive a country’s offer curve using its PPC and set of community indifference curves. Write
observations from the graph. (08)
Q-3 Explain the following:
a) Contribution of Paul Krugman to new trade theory. (07)
b) Criterial of factors abundance (08)
OR Q-3 What do you mean by commodity and income terms of trade? Explain. Give practical significance
of these concepts. (15)
Section II
Q-4 “Trade obstacles ultimately create distortion in the structure and direction of international trade.”
Explain. OR (15)
Q-4 Briefly discuss the concept of free trade. Explain how protectionism damages the long term
performance of developing countries. (15)
Q-5 Write short notes:
a) Economic Integration (07)
b) Production, Consumption and Welfare effects of post Custom Union. (08)
OR Q-5 What is World Trade Organisation? How does it function? Give remarks on WTO order. (15)
Wednesday, 18th December 2013
Section I
Q-1 Explain the following: (A) Significance of international trade (B) Theory of absolute cost advantage
OR Q-1 (A) Examine Reciprocal demand theory (B) Limitations of Comparative cost advantage theory.
Q-2 What is meant by terms of trade? Explain various concepts of terms of trade. OR
Q-2 Write short notes on: (A) Krugman’s theory of trade (B) Factor abundance
Section II
Q-3 (A) What are gains from international trade? How are the these gains measures?
(B) The arguments in favours of free trade. OR
Q-3 Explain the term ‘Protection’ and discuss various economic arguments for protection.
Q-4 What is a custom union? Discuss production, consumption and welfare effect of a custom union. OR
Q-4 Explain the following: (A) Structure and objective of WTO (B) Globalisation.
Business Law
2018
Section I
Q-1 Discuss: (10)
a) Exceptions to the rule ‘No consideration No Contract’
b) Discharge of Contract by Agreement
c) Rules of Agency
d) Definition of ‘goods’ under the sale of Goods Acct, 1930
Q-2 Define the term ‘Contract’ under the Indian Contract Act, 1872. Explain essential elements of valid
contract. (15)

3
OR Q-2 Explain: (15)
A. Undue influence affecting free consent of parties to the contract.
B. Effects of Minor’s Agreement
Q-3 “When there is right there is a remedy”. Explain the statement with the help of ‘Damages’ and ‘Specific
Performance’ as remedies for breach of contract. (15)
OR Q-3 Discuss: (15)
A. Requisites of a valid Tender
B. Grounds discharging parties to contract under supervening impossibility.
Section II
Q-4 Define the term ‘Bailment’ under Indian Contract Act. 1872. Discuss the rights and duties of the bailee.
OR Q-4 Explain (15)
(a) Rights of Surety
(b) Creation of agency by implied agreement
Q-5 Define the term ‘Condition’ under the Sales Goods Act, 1930. Explain implied conditions protecting
buyers under the Act. (15)
Q-5 Define the term ‘Unpaid seller’ under the Sale of goods Act. 1930. Explain rights of unpaid seller
against the goods. (15)
23rd October, 2017
Section I
Q-1 Explain briefly… (10)
(a) Fraud Affecting free Consent (c) Rights of indemnity holder when used
(b) Tender of performance (d) Doctrin of Caveat Emptor
Q-2 Discuss: (a) Exception to the rule of “No consideration, No Contract”. (07)
(b) Undue influence & misrepresentation affecting free consent. (08)
OR Q-2 Explain briefly… (A) Essential of valid contract (08) (B) Legal rules as to acceptance (07)
Q-3 Write notes on…
(a) Suit upon Quantum Meruit, injunction & Specific performance of contract as remedies for the
breach of contract. (09)
(b) Discharge of contract by operation of law. (06)
OR Q-3 When a contract is said to be discharged? Discuss subsequent impossibility or supervening
impossibility as one of the ground of discharged of contract. (15)
Section II
Q-4 Discuss: (A) Duties of Bailee (07) (B) Creation of Agency by implied agreement (08)
OR Q-4 Define contract of Guarantee & explain how surety is discharged from liability under contract of
guarantee. (15)
Q-5 Explain: (a) Essential of contract of sale of goods. (07)
(b) Distinction between sale and Agreement to sell. (08)
OR Q-5 When Seller is deemed to be unpaid seller? Examine his rights against the goods & buyer. (15)
Monday, 21st November, 2016
Section I
Q-1 Discuss (10)
(A) Coercion affecting free consent
(B) Specific performance as a remedy for breach of contract
(C) Distinction between contract of indemnity and Guarantee
(D) Implied Warranties under the sale of Goods Act.
Q-2 Discuss: (15)
4
 (a) Consider under the Indian contract Act. Discuss legal rule as to consideration.
(b) Exception to the rule ‘no consideration no contract’
OR Q-2 Explain: (15)
(a) Legal rules as to Offer (b) liability of Minor for necessaries
Q-3 When parties to the contract are said to be discharged? Discuss discharge of parties to the contract by
supervening impossibility (subsequent impossibility) (15)
Or Q-3 Explain: (15)
(a) Requisites of valid tender (b) Contingent contract
Section II
Q-4 Define Contract of Guarantee under the Indian contract Act. Discuss the various rights surety and
explain how surety is discharged from his liability. (15)
Or Q-4 Define the ‘Bailment’ under the Indian contract Act. Discuss essential of contract of bailment. Also
discuss rights and duties of Bailee.
Q-5 When seller of goods is deemed to be an ‘Unpaid seller’? Explain rights of unpaid seller against the
goods and the buyer. (15)
Or Q-5 Explain: (15)
(a) Distinction between Sale and Agreement to sell
(b) Implied condition under the sale of goods Act.
Thursday, 8th January 2015
Section I
Q-1 Short Question:- (10)
(a) Consideration (c) Meaning of Bailment & Pledge
(b) Tender of Performance (d) Goods as a subject matter of contract of sale of goods
Q-2 Who is competent to make valid contract? Examine the position of minor’s agreement under the
contract act. (15)
OR Q-2 Discuss:- (A) Coercion (b) Undue influence (c) Revocation of offer & Acceptance (15)
Q-3 Discuss… (15)
(a) Discharge of contract by subsequent impossibility
(b) Discharge of contract by operation of law OR
Q-3 Explain briefly the various remedies available to an aggrieved party for breach of contract. (15)
Q-4 Define contract of Guarantee. Under which circumstances the surety stand discharged from his liability
under said contract? (15)
OR Explain the following: (A) Agency by implied agreement
(B) Duties of bailee under contract of bailments.
Q-5 Define the contract of sales of goods. Discuss essential elements to form valid contract of sale of goods.
(15) OR
Q-5 Write Notes on: (A) Difference between sale and agreement to sell
(B) Unpaid seller rights of lien and stoppage in transit.
Tuesday, 17th December 2013
Section I
Q-1 Define the terms agreement & contract. Discuss the essential elements of a valid contract. (18)
OR Q-1 Explain in brief:- (A) Valid rules of acceptance (09) (B) Position of minor’s agreement (09)
Q-2 Explain various Remedies available to an aggrieved party for Breach of Contract. (17)
OR Q-2 Write Notes on :- (A) Wagering Contract (08) (B) Contingent Contract (09)
Section II

5
Q-3 Define Bailment. Discuss duties of Bailor & Bailee. (18)
OR Q-3 Explain the following: (A) Difference between indemnity and Guarantee. (09)
(B) Agency by implied agreement (08)
Q-4 Who is an unpaid seller? Discuss various right of an unpaid seller. (17)
OR Q-4 Write notes on: (A) Difference between sale and Agreement to sell (08)
(B) Implied conditions in a Contract of Sale (09)
Organisation Behaviour
12th December, 2018
Section I
Q-1 Write brief notes on the following: (10)
a) Scope of OB.
b) Any two factors affecting in value formation.
c) Free-rein leadership style with any two merits of it.
d) Sensitivity training
Q-2 Define OB. Explain its nature. (15)
OR Q-2 Discuss the contributions of psychology, anthropology and political science to Organisational
Behaviour. (15)
Q-3 Write a notes on:
(a) Organisational commitment with examples (08)
(b) Personality determinants. (09)
OR Q-3 What is perception? Explain with suitable illustrations, the shortcuts used by employees in
perceiving others. (15)
Section II
Q-4 Describe the various techniques for improving group decision making. (15)
OR Q-4 (a) Bring out the reasons for organising politics (08)
(b) Examine the stages of conflicts (07)
Q-5 ‘Stress can result into several problems in the life of an employee.’ What are they? How can an
individual employee overcome these problems? Explain. (15)
OR Q-5 (a) Cultural effects can be dysfunctional. Justify (08)
(b) Write short notes on level of change (07)
th
27 November, 2017
Section I
Q-1 Answer the following: (10)
(a) What aspect of intrapersonal behaviour and organisation are covered in the study of OB?
(b) How does heredity influence personality?
(c) What is the ‘Storming stage’? states its features.
(d) What is group think? State any there its characteristics.
Q-2 OB has enriched itself by drawing principles and concepts from various behavioural sciences. Explain
(15)
OR Q-2 Describe: (a) SOBC Model (06)
(b) Importance of OB (09)
Q-3 (a) Define values. Explain its characteristics. (07)
(b) Illustrate the shortcuts used in perceiving others. (08)
OR Q-3 Discuss with examples:
(a) The components of attitudes (07)

6
 (b) Characteristics of perceiver influencing perception (08)
Section II
Q-4 (a) ‘There is no single reason why people join groups’. Justify (08)
(b) Explain the stages of conflicts (07)
OR Q-4 Discuss the following with appropriate examples
(a) Elements in communication process (07)
(b) Sources of power (08)
Q-5 What is organisational change? What are its characteristics? Describe the levels of change. (15)
OR Q-5 Write notes on:
(a) Individual stress coping strategies (08)
(b) Sensitivity training and survey feedback. (07)
Tuesday, 24th November, 2016
Section I
Q-1 Explain the scope and importance of organisational behaviour. OR
Q-1 Write a note on the following: (a) SOBC Model
(b) Contribution of Anthropology and Political Science to the field of OB.
Q-2 What is perception? Discuss with example, the factors influencing perception.
Or Q-2 (a) What are the values? Explain its characteristics.
(b) Examine the influence of Environment as an important determinant of personality. Provide
examples.
Section II
Q-3 Why do people join groups? Explain the group development stages.
OR Q-3 (a) Write a note on Authoritarian and Participative leadership styles.
(b) Explain the modes of conflict resolution.
Q-4 (a) Explain the level of organisational change.
(b) Explain the note on T-Group and Survey feedback as effective OD interview.
Q-4 Discuss, with suitable, example, the factors causing stress at work place.
Wednesday, 28th October, 2015
Section I
Q-1 Answer the following, in Brief. (Compulsory Question)
(a) How have political scientists contributed significantly to the understanding of OB?
(b) What is Cognitive Dissonance? Explain with examples.
(c) Explain the importance of leadership as influence process.
(d) What is Burnout Rustout? Clarify with relevant examples.
Q-2 Describe:- (A) Contribution of Social psychology to Organisational Behaviour (08)
(B) Framework of Organisational Behaviour (07)
OR Q-2 Explain:- (a) Importance of organisational behaviour (08)
(b) SOBC Model (07)
Q-3 (a) What are the major components of attitude? Explain giving examples (07)
(b) Explain the factors influencing value formation (08)
OR Q-3 Define Perception. Explain, with illustrations, the factors influencing perception. (15)
Section II
Q-4 (a) Explain the conflict resolution strategies. (07)
(b) Describe the Brain storming and Delphi technique group decision making. (08)

7
OR Q-4 Write Short Note on: (a) Group Norms (b) Sources of Power (8+7)
Q-5 (a) High level of stress can create several problems for employees of work place. Justify this statement
with examples (06)
(b) Discuss the feature of Strong, Weak & Unhealthy organisational culture (09)
OR Q-5 (a) Discuss the nature of organisational culture. Explain the components of changes. (10)
(b) Write a note on process consultation. (05)
Saturday, 20 December, 2014
Section I
Q-1 Answer the following, in brief (Compulsory Question) (10)
(a) State the scope of organisational behaviour.
(b) Explain any two shortcuts used in judging others. Provide examples.
(c) Define ‘Encoding’ and ‘Channel’ as elements of communication process.
(d) Differentiate between Mechanistic and Organic organisation culture.
Q-2 How does psychology and anthropology differ from each other in terms of their contribution to the
field of organisational behaviour? Elaborate. (15)
OR Q-2 Explain the meaning and importance of study of organisational behaviour. (15)
Q-3 (A) Explain the concept of Value and its Characteristics. (08)
(B) Discuss, with examples, the characteristics of perceiver influencing perception. (07)
OR Q-3 What is personality? Discuss with illustration, the determinants of personality. (15)
Section II
Q-4 (a) Explain the reasons for organisational politics. (08)
(b) Differentiate between Authoritative and participative styles of leadership. (07)
OR Q-4 Write notes on:
(a) Stages of conflicts (07)
(b) Nominal and Delphi group technique (08)
Q-5 Discuss ‘Individual Stressors’ as a cause of job stress. What can organisations to do minimize the
negative impact of stress at work place? Explain. (15)
OR Q-5 Writes Nots on:- (a) Positive effects of organisational culture. (08)
(b) Sensitivity Training (07)
th
Friday, 20 December 2013
Section I
Q-1 Explain briefly the organisational behaviour framework for understanding the behaviour of employees.
(17)
OR Q-1 Explain the nature of organisational behaviour and state its importance. (17)
Q-2 Define the term ‘Perception’ and explain the factors influencing perception. (18)
OR Q-2 Define the term, ‘Value’ and ‘Attitude’. Explain the factors in value formation. (18)
Section II
Q-3 What is a conflict? Explain the conflict resolution techniques (17)
OR Q-3 Explain the elements of communication process. (17)
Q-4 Explain the individual stressors and describe the individual coping strategies to stress. (18)
OR Q-4 Write Short notes on: (18)
(A) Organisational Development (B) Organisational Change