Question Bank- BBA-5003 International Trade and Business (For BBA Vth Sem of MO/2016)

Question Bank- BBA, Monsoon/2016

BBA-5003 International Trade and Business

1. What is International trade? What is the importance of International business?
2. Discuss the benefits of international business with examples.
3. Define International Marketing. How International marketing is different from domestic marketing.
4. What are the preliminary steps have to be taken before an export transaction begins?
5. Explain the following:
1. IEC Number and Membership-Cum-Registration
2. Inquiry and Offer
3. Shipping space
4. Packing and Marketing
5. Quality Control and Pre-Shipment Inspection
6. Custom Formalities and Exchange control Formalities
6. What are the different methods of shipping of goods? Discuss (Hint: sea, air, post, land etc.).
7. Discuss the principal export documents, Auxiliary Documents and regulatory documents.
8. Discuss in detail the documents related to goods:
1. Invoice
2. Packing note and list
3. Certificate of Origin
9. Briefly explain certificates related to shipment – Mate receipt, shipping Bill, Cart Ticket, Certificate of measurement bill of lading and airway bill.
10. Write a brief note on the documents related to payment – Letter of Credit, Bill of exchange, Trust receipt, letter of hypothecation and bank certificate of payment.
11. Briefly explain the meaning of documents related to inspection and Excisable goods - Certificate of inspection, GP forms, From C and Forms AR-4/AR-4A.
12. Explain the theory of Absolute Cost Advantage in detail. What are its criticisms/ Limitations?
13. How the theory of Comparative Cost Advantage overcomes the limitations of absolute cost advantage theory. Give support of your answer with the help of suitable example.
14. Explain the Factor proportions theory of International Trade.
15. What are the criticisms of Factor Proportions theory of international trade? Explain.
16. Explain in brief the Country size theory and Neo factor proportions theories of international Trade.
17. Discuss the Country similarity theory in detail. What aspects have justified this theory?
18. Explain Porter’s Diamond Model in detail. How it is helpful in understanding complexities of international trade.
19. What are the different stages of Product Life Cycle Theory of international trade? How does an exporting country become an importing country at the end of cycle?
20. Explain the production location and markets where the product is offered and other situational attributes at various stages of product life cycle theory.
21. What is Multinational Corporations? Discuss the features of Multinational Corporations
22. What is the role of multinational corporations? Discuss the merits and demerits of multinational corporations.
23. Discuss in detail the negative and positive aspects (Benefits) multinational corporations.

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