3.0 JUN 2023 SVKM’S bai College of Arts, Chauhan Institute of Science & Amrutben Jivanlal College of Commerce and Economies (Autonomous) ‘Academic Year (2022-23) Class: TYBCOM Semester: VI Program: Bachelor of Commerce Max. Marks: 75 Course Name: International Trade and Foreign Exchange Course Code: UCMABEC608 Time: Date: Duration: 2 hrs. 30 minutes RE! . EXAMINATION Instructions: Candidates should read carefully the instructions printed on the question paper and on the cover of the Answer Book, which is provided for their use. 1) This question paper contains 2 pages. 2) In all FIVE (05) questions to be attempted. 3) All questions carry equal marks. 4) Answer to each new question to be started on a fresh page. 5) Figures in brackets on the right-hand side indicate full marks. Q.1. Answer ANY TWO of the following: (13) ‘A. Critically evaluate Ricardian comparative cost advantage of international trade. B, Explain Heckscher and Oblin theory of international trade. C. Discuss various types of gains from trade, Q.2. Answer ANY TWO of the following: (as) A. Discuss the arguments for and against the free trade policy B. What are quotas? Discuss the types of quotas. C. Identify various disadvantages of international economic i Q.3, Answer ANY TWO of the following: (1s) A. Balance of payment always balances-discuss this statement and identify the role of autonomous and accommodating transactions. B. Explain different direct measures to correct disequilibrium in balance of payment. Page 1 of 2C. Explain TRIMs as an important WTO agreement. Q.4, Answer ANY TWO of the following: as) A. Explain spot and forward exchange rate. Discuss the significance of forward exchange rate. B. Discuss the demand for and supply of foreign exchange and the determination of foreign exchange rate. C. Discuss the absolute version of the purchasing power parity theory. Q5. Answer ANY THREE of the following: (15) ‘A. Gross barter terms of trade. B. Freedom of the single market of the EU. . Types of disequilibrium in balance of payment. D. Participants in foreign exchange market. Page 2 of 2