University of Mumbai 2006 M.Com Accounting and Finance Economic of Global Trade & Finance - - I'06 - Question Paper

M.Com (Part I) Examination, April 2006
Economic of Global Trade & Finance

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

1.
(a) discuss the relevance of the structure of balance of payments in the situation of globalization.(10)
(b) ‘Marshall-Lerner conditions make devaluation a success’ – explain. (10)

OR

2. discuss the role of monetary and fiscal policies in correcting the disequilibrium in the balance of payments. (20)


3.
(a) What is meant by regional economic integration? elaborate its forms? (10)
(b) explain the prospects of integration in South Asia. (10)

OR

4.
(a) Write a note on Disputes Settlement Mechanism of the WTO. (10)
(b) explain the composition and direction of world trade science 1990. (10)


5.
(a) elaborate the issues of Foreign Exchange Market.? (10)
(b) discuss arbitrage and interest rates. (10)

OR

6.
(a) explain the arguments in favour of and against Flexible Exchange Rates. (10)
(b) Why do countries adopt the Managed Float System? (10)


7.
(a) Examine the role of IMF in solving the issue of international liquidity. (10)
(b) elaborate the factor influencing the various kinds of international capital movement. (10)

OR

8.
(a) discuss Euro currency, Euro equity and Eurobond markets. (10)
(b) Foreign Direct Investments benefits the developing countries – comment. (10)


9. What is the neo-protectionism? Examine its effects on the developing countries. (20)

OR

10. discuss the following: (20)
(a) issue of World Debts
(b) International Financial Crises.

Earning:   Approval pending.