Exam 2017 Fall
Very Short Answer Questions
Attempt all the questions. 10*2=20]
1. Define business environment.
2. Define Globalization.
3. What do you mean by PPP?
4. Define the meaning of one window policy.
5. Mention any four export-oriented and import substituting industries of Nepal.
6. Define the LDC Provision of WTO.
7. Define the FPTP election system in Nepal.
8. List out the major socio-cultural environmental factors.
9. Define the meaning of development plan.
10. Explain the concept of SAFTA and SAPTA.
Descriptive Answer Questions
Attempt any six questions. [6*10=60]
11. Business Environment is getting more and more turbulent. Clarify with examples on how business environmental factors can influence our businesses.
12. Discuss the current energy situation of Nepal and Write its impacts on business sector.
13. Discuss the emerging socio-cultural changes in Nepal.Clarify with example on how the changing socio-cultural forces influencing the Tourism Industry in Nepal.
14. “Foreign direct investment (FD) is an integral part of an open and effective international economic system and a major catalyst to development.” Can this reform Nepalese economy also?Discuss highlighting Nepalese FDI policies.
15. Conduct an environmental profile analysis for the Information and Communication Technology (IC) Industry of Nepal along with the analysis.Analyze and identify the potential opportunities and threats to this industry.
16. Despite of the continuous effort of government why the international trade is not favorable to us? Explain.
17. Nepal Government declared the phase wise local election under the new structure.Do you see any impact of this election on business and economy?
18. Section “C”
Read the scenario below and answer the questions that follow: 
The Uruguay Round General Agreement on Tariffs and Trade (GATT) in to a new multilateral institution, the World Trade organization(WTO).WTO came into begin on 1 January 1995 to administer and oversee the new body of trade rules with the aim of promoting free trade and protection of intellectual property.WTO as the main watchdog for world trade in products, services, and Intellectual Property works to ensure world trade operates well fairly, and with as few restrictions as possible.One of the main objectives of the WTO is to facilitate world’s trade and production. It enforces legally binding multilateral agreements on trade in goods, ices and trade-related aspects of intellectual property rights (TRIPS) for trade and investment in ideas and creativity. Developed countries agreed to reduce barriers to price competitive imports from abroad, while developing countries agreed to open their markets to high value added exports of the developed nations. These high values added exports extremely consist of
technology in which much of the value is intangible and must be protected by strong intellectual property regimes for its effective exploitation.WTO has been successful in achieving its main objectives of promotion of free trade and protection of intellectual property rights.
The WTO system forced developed and developing countries’ governments to take a more balanced view of trade policy. The WTO agreements cover goods, service, and intellectual property. These agreements are often called the WTO’s trade rules.They spell out the principles of liberalization, and the acceptable exceptions.Commitment of individual country to lower customs tariffs and other trade barriers, and to open and keep open services markets incorporated in the WTO agreements. These agreements set procedures for settling disputes and prescribe special treatment for developing countries.Many of the benefits of the WTO trading system are more difficult to summarize in numbers, but they are still important.
Today, the importance of international trade in tangible and intangible assets has been growing in the world economy. More countries than ever are integrated into global economic networks, consumers of developing countries
have the access to knowledge, technology and quality of life.The WTO trading system has been contributing in freeing flow of goods, capital, information,expertise, and ultimately economic opportunities among nations. WTO and
TRIPS agreements are to improve the living standards of the people throughout the world, give poor countries access to the global markets, foreign investments and technology transfer from developed to developing countries that will make new products and services at cheaper prices.
1. Has WTO been successful in achieving its main objectives, viz.,promotion of free trade and protection of intellectual property rights?
2. Has WTO delivered on its promise of generating greater wealth in the global economy system? If so, how? If not, why not?
3. How could the WTO agreements improve the living standards of the people throughout the world?
4. Do you think that Least Developed Countries like Nepal are not able to get the practical benefits from the WTO trading system? Justify your answer.