Download GTU (Gujarat Technological University) MBA (Master of Business Administration) 2019 Summer 4th Sem 3549289 Wto Multilateral Trading System And Its Impact Previous Question Paper
Seat No.: ______________ Enrolment No.___________________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 4 ? EXAMINATION ? SUMMER 2019
Subject Code: 3549289 Date:03/05/2019
Subject Name: WTO Multilateral Trading System and its impact
Time: 10:30 AM To 01:30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 Definitions / terms / explanations / short questions based on concepts of
theory/practical
(a) GATS
(b) MFN
(c) WTO
(d) TRIPS
(e) WIPO Convention
(f) IPR
(g) GATT
14
Q.2 (a) Which are the rules governing the purchase and sale of goods by state
trading organizations?
07
(b)
?There are certain rules governing procurement of goods by government for
its own use or consumption or for use in production of goods or services for
sale?. Do you agree with this statement? Discuss
07
OR
(b) Explain the main rules in GATS applicable to trade in services
07
Q.3 (a) Highlight the role of industry and business in advising the government
on the negotiating approach it could adopt that would help them in
improving their competitive position in international market and
create conditions that are conducive to promotion of further economic
developments.
07
(b) Give the description of the Sectoral commitments assumed in by
countries in the Uruguay Round in
07
FirstRanker.com - FirstRanker's Choice
Seat No.: ______________ Enrolment No.___________________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 4 ? EXAMINATION ? SUMMER 2019
Subject Code: 3549289 Date:03/05/2019
Subject Name: WTO Multilateral Trading System and its impact
Time: 10:30 AM To 01:30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 Definitions / terms / explanations / short questions based on concepts of
theory/practical
(a) GATS
(b) MFN
(c) WTO
(d) TRIPS
(e) WIPO Convention
(f) IPR
(g) GATT
14
Q.2 (a) Which are the rules governing the purchase and sale of goods by state
trading organizations?
07
(b)
?There are certain rules governing procurement of goods by government for
its own use or consumption or for use in production of goods or services for
sale?. Do you agree with this statement? Discuss
07
OR
(b) Explain the main rules in GATS applicable to trade in services
07
Q.3 (a) Highlight the role of industry and business in advising the government
on the negotiating approach it could adopt that would help them in
improving their competitive position in international market and
create conditions that are conducive to promotion of further economic
developments.
07
(b) Give the description of the Sectoral commitments assumed in by
countries in the Uruguay Round in
07
1. Financial Services
2. Telecommunications
3. Professional Services
OR
Q.3 (a) Write a note on ?Rules governing Trade Related Aspects of
Intellectual Property Rights (TRIPS)?
07
(b) Give the description of the Sectoral commitments assumed in by
countries in the Uruguay Round in
1. Management Consultancy Services
2. Health-related and social services
3. Construction & related engineering services
07
Q4 (a) Give the background and description of the rules relating to the
launching of negotiations under WTO as a forum.
07
Q4 (b) Are there any trade benefits in General Agreement on Trade in
Services? If yes, What are its business implications?
07
OR
Q4 (a) Write a note on ?Main Features/Rules of WTO System for settlement
of disputes?
07
Q4 (b) What role business plays in bringing any dispute to the attention of
the government for its settlement under WTO system and what are its
business implications? Discuss any one case where rules are not being
followed by the governments of countries where it is marketing its
products.
07
Q.5
Analysis of Trade Before and After the WTO: A Case Study of
India
On January 1, 1995 when World Trade Organization (WTO) came
into existence the entire economy of the world affects in respect of
international trade because WTO framed the new global trade rules in
the form of TARIFF and NON-TARIFF in international trade. This
case study is concerned with implications of the WTO with reference
to India. To analyse the impact of WTO on foreign trade of India, the
study is divided into pre-post WTO, How much the agriculture and
industrial sectors were contributing in boosting the trade of the
nations before the WTO and how it is doing after the WTO. Although
FirstRanker.com - FirstRanker's Choice
Seat No.: ______________ Enrolment No.___________________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 4 ? EXAMINATION ? SUMMER 2019
Subject Code: 3549289 Date:03/05/2019
Subject Name: WTO Multilateral Trading System and its impact
Time: 10:30 AM To 01:30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 Definitions / terms / explanations / short questions based on concepts of
theory/practical
(a) GATS
(b) MFN
(c) WTO
(d) TRIPS
(e) WIPO Convention
(f) IPR
(g) GATT
14
Q.2 (a) Which are the rules governing the purchase and sale of goods by state
trading organizations?
07
(b)
?There are certain rules governing procurement of goods by government for
its own use or consumption or for use in production of goods or services for
sale?. Do you agree with this statement? Discuss
07
OR
(b) Explain the main rules in GATS applicable to trade in services
07
Q.3 (a) Highlight the role of industry and business in advising the government
on the negotiating approach it could adopt that would help them in
improving their competitive position in international market and
create conditions that are conducive to promotion of further economic
developments.
07
(b) Give the description of the Sectoral commitments assumed in by
countries in the Uruguay Round in
07
1. Financial Services
2. Telecommunications
3. Professional Services
OR
Q.3 (a) Write a note on ?Rules governing Trade Related Aspects of
Intellectual Property Rights (TRIPS)?
07
(b) Give the description of the Sectoral commitments assumed in by
countries in the Uruguay Round in
1. Management Consultancy Services
2. Health-related and social services
3. Construction & related engineering services
07
Q4 (a) Give the background and description of the rules relating to the
launching of negotiations under WTO as a forum.
07
Q4 (b) Are there any trade benefits in General Agreement on Trade in
Services? If yes, What are its business implications?
07
OR
Q4 (a) Write a note on ?Main Features/Rules of WTO System for settlement
of disputes?
07
Q4 (b) What role business plays in bringing any dispute to the attention of
the government for its settlement under WTO system and what are its
business implications? Discuss any one case where rules are not being
followed by the governments of countries where it is marketing its
products.
07
Q.5
Analysis of Trade Before and After the WTO: A Case Study of
India
On January 1, 1995 when World Trade Organization (WTO) came
into existence the entire economy of the world affects in respect of
international trade because WTO framed the new global trade rules in
the form of TARIFF and NON-TARIFF in international trade. This
case study is concerned with implications of the WTO with reference
to India. To analyse the impact of WTO on foreign trade of India, the
study is divided into pre-post WTO, How much the agriculture and
industrial sectors were contributing in boosting the trade of the
nations before the WTO and how it is doing after the WTO. Although
India had adopted the process of liberalization in 1991 but with the
implementation of World Trade Organization (WTO) in 1995, there
was increased openness in trade at global level. In fact, establishment
of the WTO was one of the motivating factors behind the open
economic policy pursued by the policy-makers of these countries.
The various studies predicted that due to the WTO, world trade has
been increased in developing economies. Whether the WTO has
affected the Indian economy in the same way is focus of this case
study.
On analysis of the India?s foreign trade pre and post-WTO, one can
come to know that the trade volume in India has continuously raised
pre and post-WTO with variation. Although the compound annual
growth rate of trade during pre-WTO (6.72%) was higher than the
growth rate in post-WTO (6.46%). On the other hand during the post-
WTO, the CAGR of world trade has been increased from 1.84% to
2.25%. The trade volume of India was increasing after the WTO
implementation, though not at so good rate as compared to world
trade. This is due to the new challenges faced by Indian economy
imposed by WTO. For India, the imports and exports have been
increased for all the years during pre and post-WTO. The imports
remained more than exports for whole of the years during pre and post
the WTO, except 1991 and 1993. The growth rate of exports has fallen
within 10 years after the implementation of WTO. The relatively
slower growth rate of exports as compared to imports has contributed
more towards the slower growth rate of trade.
So, It may be concluded that the WTO has affected the trade of India.
It is evident that within ten years after the WTO, there remained
higher growth rate of imports as compared to exports.The WTO has
FirstRanker.com - FirstRanker's Choice
Seat No.: ______________ Enrolment No.___________________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 4 ? EXAMINATION ? SUMMER 2019
Subject Code: 3549289 Date:03/05/2019
Subject Name: WTO Multilateral Trading System and its impact
Time: 10:30 AM To 01:30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 Definitions / terms / explanations / short questions based on concepts of
theory/practical
(a) GATS
(b) MFN
(c) WTO
(d) TRIPS
(e) WIPO Convention
(f) IPR
(g) GATT
14
Q.2 (a) Which are the rules governing the purchase and sale of goods by state
trading organizations?
07
(b)
?There are certain rules governing procurement of goods by government for
its own use or consumption or for use in production of goods or services for
sale?. Do you agree with this statement? Discuss
07
OR
(b) Explain the main rules in GATS applicable to trade in services
07
Q.3 (a) Highlight the role of industry and business in advising the government
on the negotiating approach it could adopt that would help them in
improving their competitive position in international market and
create conditions that are conducive to promotion of further economic
developments.
07
(b) Give the description of the Sectoral commitments assumed in by
countries in the Uruguay Round in
07
1. Financial Services
2. Telecommunications
3. Professional Services
OR
Q.3 (a) Write a note on ?Rules governing Trade Related Aspects of
Intellectual Property Rights (TRIPS)?
07
(b) Give the description of the Sectoral commitments assumed in by
countries in the Uruguay Round in
1. Management Consultancy Services
2. Health-related and social services
3. Construction & related engineering services
07
Q4 (a) Give the background and description of the rules relating to the
launching of negotiations under WTO as a forum.
07
Q4 (b) Are there any trade benefits in General Agreement on Trade in
Services? If yes, What are its business implications?
07
OR
Q4 (a) Write a note on ?Main Features/Rules of WTO System for settlement
of disputes?
07
Q4 (b) What role business plays in bringing any dispute to the attention of
the government for its settlement under WTO system and what are its
business implications? Discuss any one case where rules are not being
followed by the governments of countries where it is marketing its
products.
07
Q.5
Analysis of Trade Before and After the WTO: A Case Study of
India
On January 1, 1995 when World Trade Organization (WTO) came
into existence the entire economy of the world affects in respect of
international trade because WTO framed the new global trade rules in
the form of TARIFF and NON-TARIFF in international trade. This
case study is concerned with implications of the WTO with reference
to India. To analyse the impact of WTO on foreign trade of India, the
study is divided into pre-post WTO, How much the agriculture and
industrial sectors were contributing in boosting the trade of the
nations before the WTO and how it is doing after the WTO. Although
India had adopted the process of liberalization in 1991 but with the
implementation of World Trade Organization (WTO) in 1995, there
was increased openness in trade at global level. In fact, establishment
of the WTO was one of the motivating factors behind the open
economic policy pursued by the policy-makers of these countries.
The various studies predicted that due to the WTO, world trade has
been increased in developing economies. Whether the WTO has
affected the Indian economy in the same way is focus of this case
study.
On analysis of the India?s foreign trade pre and post-WTO, one can
come to know that the trade volume in India has continuously raised
pre and post-WTO with variation. Although the compound annual
growth rate of trade during pre-WTO (6.72%) was higher than the
growth rate in post-WTO (6.46%). On the other hand during the post-
WTO, the CAGR of world trade has been increased from 1.84% to
2.25%. The trade volume of India was increasing after the WTO
implementation, though not at so good rate as compared to world
trade. This is due to the new challenges faced by Indian economy
imposed by WTO. For India, the imports and exports have been
increased for all the years during pre and post-WTO. The imports
remained more than exports for whole of the years during pre and post
the WTO, except 1991 and 1993. The growth rate of exports has fallen
within 10 years after the implementation of WTO. The relatively
slower growth rate of exports as compared to imports has contributed
more towards the slower growth rate of trade.
So, It may be concluded that the WTO has affected the trade of India.
It is evident that within ten years after the WTO, there remained
higher growth rate of imports as compared to exports.The WTO has
affected the trade slightly positively, but not as expected.The trade
volume of India was increasing after the WTO implementation,
though not at so good rate as compared to world trade. This is due to
the new challenges faced by Indian economy imposed by WTO. The
trade volume of India was rising before the WTO. The country has
not only maintained the trend but rate of growth is also increased.
India is the only country in the current analysis, who has gained
advantage of the WTO in the perspectives of international trade. The
ratio of industrial sector in GDP is not significant but has positive
impact on international trade of India. The industrial sector in GDP
after WTO have predicted positive value, but not significant. The rate
of increase in imports of India is greater than rate of increase in
exports even after the WTO, which shows that India still face the
deficits in their balance of trades. The effect of agriculture sector is
negatively affecting the international trade of India because the WTO
caused serious concern to the performance of agriculture sector and
food security. The negative effect of agriculture sector remained
continue even after WTO. The world GDP has positive impact on
India?s trade during pre WTO but it has negative effect after WTO.
The imports remained more than exports for whole of the years during
pre and post the WTO, except 1991 and 1993. The relatively slower
growth rate of exports as compared to imports has contributed more
towards the slowergrowth rate of trade. It is evident that within ten
years after the WTO, there remained higher growth rate of imports as
compared to exports. India?s GDP is also significant.
There is pragmatic change in India?s GDP during post WTO and
positively affect the trade of India. The trade volume of India was
rising before the WTO. The country has not only maintained the trend
but rate of growth in also increased. India is the only country, who
has gained advantage of the WTO in the perspectives of international
FirstRanker.com - FirstRanker's Choice
Seat No.: ______________ Enrolment No.___________________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 4 ? EXAMINATION ? SUMMER 2019
Subject Code: 3549289 Date:03/05/2019
Subject Name: WTO Multilateral Trading System and its impact
Time: 10:30 AM To 01:30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 Definitions / terms / explanations / short questions based on concepts of
theory/practical
(a) GATS
(b) MFN
(c) WTO
(d) TRIPS
(e) WIPO Convention
(f) IPR
(g) GATT
14
Q.2 (a) Which are the rules governing the purchase and sale of goods by state
trading organizations?
07
(b)
?There are certain rules governing procurement of goods by government for
its own use or consumption or for use in production of goods or services for
sale?. Do you agree with this statement? Discuss
07
OR
(b) Explain the main rules in GATS applicable to trade in services
07
Q.3 (a) Highlight the role of industry and business in advising the government
on the negotiating approach it could adopt that would help them in
improving their competitive position in international market and
create conditions that are conducive to promotion of further economic
developments.
07
(b) Give the description of the Sectoral commitments assumed in by
countries in the Uruguay Round in
07
1. Financial Services
2. Telecommunications
3. Professional Services
OR
Q.3 (a) Write a note on ?Rules governing Trade Related Aspects of
Intellectual Property Rights (TRIPS)?
07
(b) Give the description of the Sectoral commitments assumed in by
countries in the Uruguay Round in
1. Management Consultancy Services
2. Health-related and social services
3. Construction & related engineering services
07
Q4 (a) Give the background and description of the rules relating to the
launching of negotiations under WTO as a forum.
07
Q4 (b) Are there any trade benefits in General Agreement on Trade in
Services? If yes, What are its business implications?
07
OR
Q4 (a) Write a note on ?Main Features/Rules of WTO System for settlement
of disputes?
07
Q4 (b) What role business plays in bringing any dispute to the attention of
the government for its settlement under WTO system and what are its
business implications? Discuss any one case where rules are not being
followed by the governments of countries where it is marketing its
products.
07
Q.5
Analysis of Trade Before and After the WTO: A Case Study of
India
On January 1, 1995 when World Trade Organization (WTO) came
into existence the entire economy of the world affects in respect of
international trade because WTO framed the new global trade rules in
the form of TARIFF and NON-TARIFF in international trade. This
case study is concerned with implications of the WTO with reference
to India. To analyse the impact of WTO on foreign trade of India, the
study is divided into pre-post WTO, How much the agriculture and
industrial sectors were contributing in boosting the trade of the
nations before the WTO and how it is doing after the WTO. Although
India had adopted the process of liberalization in 1991 but with the
implementation of World Trade Organization (WTO) in 1995, there
was increased openness in trade at global level. In fact, establishment
of the WTO was one of the motivating factors behind the open
economic policy pursued by the policy-makers of these countries.
The various studies predicted that due to the WTO, world trade has
been increased in developing economies. Whether the WTO has
affected the Indian economy in the same way is focus of this case
study.
On analysis of the India?s foreign trade pre and post-WTO, one can
come to know that the trade volume in India has continuously raised
pre and post-WTO with variation. Although the compound annual
growth rate of trade during pre-WTO (6.72%) was higher than the
growth rate in post-WTO (6.46%). On the other hand during the post-
WTO, the CAGR of world trade has been increased from 1.84% to
2.25%. The trade volume of India was increasing after the WTO
implementation, though not at so good rate as compared to world
trade. This is due to the new challenges faced by Indian economy
imposed by WTO. For India, the imports and exports have been
increased for all the years during pre and post-WTO. The imports
remained more than exports for whole of the years during pre and post
the WTO, except 1991 and 1993. The growth rate of exports has fallen
within 10 years after the implementation of WTO. The relatively
slower growth rate of exports as compared to imports has contributed
more towards the slower growth rate of trade.
So, It may be concluded that the WTO has affected the trade of India.
It is evident that within ten years after the WTO, there remained
higher growth rate of imports as compared to exports.The WTO has
affected the trade slightly positively, but not as expected.The trade
volume of India was increasing after the WTO implementation,
though not at so good rate as compared to world trade. This is due to
the new challenges faced by Indian economy imposed by WTO. The
trade volume of India was rising before the WTO. The country has
not only maintained the trend but rate of growth is also increased.
India is the only country in the current analysis, who has gained
advantage of the WTO in the perspectives of international trade. The
ratio of industrial sector in GDP is not significant but has positive
impact on international trade of India. The industrial sector in GDP
after WTO have predicted positive value, but not significant. The rate
of increase in imports of India is greater than rate of increase in
exports even after the WTO, which shows that India still face the
deficits in their balance of trades. The effect of agriculture sector is
negatively affecting the international trade of India because the WTO
caused serious concern to the performance of agriculture sector and
food security. The negative effect of agriculture sector remained
continue even after WTO. The world GDP has positive impact on
India?s trade during pre WTO but it has negative effect after WTO.
The imports remained more than exports for whole of the years during
pre and post the WTO, except 1991 and 1993. The relatively slower
growth rate of exports as compared to imports has contributed more
towards the slowergrowth rate of trade. It is evident that within ten
years after the WTO, there remained higher growth rate of imports as
compared to exports. India?s GDP is also significant.
There is pragmatic change in India?s GDP during post WTO and
positively affect the trade of India. The trade volume of India was
rising before the WTO. The country has not only maintained the trend
but rate of growth in also increased. India is the only country, who
has gained advantage of the WTO in the perspectives of international
trade. For India, both the growth rate of exports and imports has risen
after the WTO. The contribution of industrial sector to the nation?s
international trade has been increased after the WTO. Thus WTO has
been playing a very important role in India's foreign trade. It needs
further research to see why India has not benefited from the WTO as
per expectation while the major speculated beneficiaries of the WTO
were the developing countries.
So, one needs to wait for some years to have the robust results about
the impact of different variables on international trade of the nations
before and after WTO. It is suggested that being a member of the
WTO, India enjoys the most-favoured nation status instead of
accepting the agreements which are against the national interest.
However as mentioned in the above case, there is serious and urgent
need to re-analyse the policy followed by India in the context of
increasing competition and openness at global level.
(a) Discuss the implications of WTO with respect to India 07
(b) Analyze the impact of India?s foreign trade pre and post-WTO
07
OR
(a) Can you say that WTO has affected the trade of India? Give your
opinion
07
(b) Analyze the impact of agriculture and industrial sectors in
contributing in boosting the trade of the nations before the WTO and
after the WTO
07
*************
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This post was last modified on 19 February 2020