international trade question banks

International Trade

Part – A

1.      Define Trade.

2.      What are different kinds of Trade?

3.      What is International Trade?

4.      What is Internal Trade?

5.      Why to trade internationally?

6.      List out the futures of International Trade?

7.      Give any two point of difference between Internal trade and International trade.

8.      Why do you mean by absolute advantage?

9.      What is two country two commodity model?

10.  What do you mean by opportunity cost?

11.  Give any four assumption of the opportunity cost theory.

12.  What is production possibility curve?

13.  State the basis of the Hicksher, Ohlin theory?

14.  What is mean by comparative cost theory?

15.  What is mean by Haberler theory?

16.  What is foreign exchange?

17.  What is mean by Balance of Trade?

18.  Define letter of credit?

19.  What is mean of International liquidity?

20.  Explain the term WTO?

21.  What is IMF?

22.  What is mean by International Monetary System?

23.  What is balance of payment you different between the balance of trade concept?

24.  What is exchange rate?

25.  What is WTO with special reference to India?

Part – B

26.  What is the need for International trade?

27.  Give the point of similarity between Internal trade and International trade.

28.  What are the futures of International trade?

29.  List out the gains that accured from International trade.

30.  Distinguish between Internal trade and International trade?

31.  Describe briefly the Adam smith concept of absolute advantage?

32.  Explain the David Ricardo’s doctrarine the comparative cost theory of international briefly.

33.  List out the assumption of Ricardo’s comparative cost theory.

34.  What are the weakness of the theory of comparative cost?

35.  Explain the concept of opportunity cost?

36.  List out the assumption of opportunity cost.

37.  What are the criticism of Haberler’s opportunity cost theory?

38.  List out the assumption of the Hicksher, Ohlin theory.

39.  What are the causes of disequilibrium in the balance of payment?

40.  Describe the structure and management of IMF?

41.  Explain the important function of WTO?

42.  What are the objective of IBRD?

Part – C

43.  What is International Trade? Why it is needed state its futures?

44.  Discuss about the benefits that can be obtain from International trade.

45.  What is Internal trade? Distinguish it from International trade.

46.  Explain Adam Smith theory absolute difference in cost with suitable example.

47.  Explain David Ricardo docteried and comparative cost in International trade. Point out the weakness and inadques of comparative cost?

48.  Explain Haberler opportunity cost theory and discuss Harberler theory be recorded as superior to classical theory.

49.  Explain the objectives and function of the IMF.

50.  What are the problem of International liquidity? How it can be solved?