University of Mumbai 2008 M.Com Accounting and Finance (Part I) , (15-10-) Economic of Global Trade & Finance - Question Paper

M.Com (Part I) Examination, October 2008 (15-10-2008)
Economic of Global Trade & Finance

Con.4037-08
Paper Code: AN-1298
Marks: 100
Time: 03 Hr.

N. B.
1) All ques. are compulsory.
2) Figures to the right shows marks assigned to every ques..


1.
a) How far do you think a deficit or a surplus influence the balance of payment position of various kinds of countries? (10 Marks)
b) Critically examine the elasticity approach to the balance of payment adjustment. (10 Marks)

OR

2.
a) elaborate the international repercussions of the foreign trade multiplier? (10 Marks)
b) “The essence of direct controls is to restrict imports”. Comment. (10 Marks)



3.
a) discuss the prospects of economic integration in South East Asia. (10 Marks)
b) Write a note on APEC. (10 Marks)

OR

4. elaborate the different objectives of the WTO? How far has the WTO been successful in achieving there objectives? (20 Marks)



5.
a) discuss the following:- (10 Marks)
i) Spot Rate
ii) Forward Rate
iii) Nominal Exchange Rate
iv) Real exchange Rate
v) Effective Exchange Rate.
b) Briefly define the role of different participants in the foreign exchange market.

OR

6.
a) “Foreign exchange markets are exposed to different kinds of risks.” what are. (10 Marks)
b) elaborate the components of foreign exchange reserves? How far foreign exchange reserves are important in the smooth conduct of International Trade? (10 Marks)



7.
a) define the objectives and function of the IMF. (10 Marks)
b) define the issue of International liquidity. (10 Marks)

OR

8. elaborate the different constitution of the Euro-currency market? what are your ans.


9.
a) define the role of foreign capital in economic development of country. (10 Marks)
b) what are the different causes and effects of international financial crises of nineties. (10 Marks)

OR

10. elaborate the different institutions of the world bank extending development assistance to the world economy? (20 Marks)

Earning:   Approval pending.