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GDIB

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SEP 2022 / RAMESH N / GDIB

GDIB TERM 3 –
Answer all questions
IF TWO ANSWERS PAPERS ARE SIMILAR THE SECOND ASSESSED IS LIKELY TO GET FEWER MARKS.

1. While the pure market economy is much desired for growth plus innovation and pure command economy delivers
basic needs as defined by Maslow’s Pyramid;, what are the challenges and pitfalls with economy systems explain. .
Name two areas/sectors each where pure market economy and command market economy can be implemented
successfully and why.

2. What are the three key learnings from the study of the Airtel Africa case. Limit to 200 words

3. What lessons can be learnt by contrasting successes and failures of LG and Ford in India. Limit to 200 words

4. Why is understanding culture a key element in International Business. Define and explain the 5 terms associated
with Hoestede Dimensions of Culture with examples.. Limit to 300 words

5. Should India open its borders and businesses for International trade? How does it help the nation? What should India
be mindful of as it opens its doors to the World for trade? Limit to 300 words

6. How do Governments use Tariffs and Subsidies to their benefit?

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