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Spring 2014

Spring 2014 solved assignments available

IB0018 — Export-Import Finance

 

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ASSIGNMENT

 

 

DRIVE WINETR SPRING 2014
PROGRAM MBADS (SEM 4/SEM 6) MBAFLEX/ MBAN2 (SEM 4)

PGDIB (SEM 2)

SUBJECT CODE & NAME IB0018 — Export-Import Finance
SEMESTER 4
BK ID B1910
CREDITS 4
MARKS 60

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

1 .Discuss the role of EXIM bank in promoting foreign trade.

Answer : Exim Bank’s role in promoting international trade

 

Export-Import Bank of India (Exim Bonk, In short) is a wholly cerement-owned financial institution, set up for the purpose of financing, facilitating and promoting Indian’s ‘foreign trade. Exim Bank plays a four-pronged role with ‘regard to India’s foreign trade: those of a coordinator, a source of finance, consultant and promoter.

 

Exim Bank offers a diverse range of financing services for the Indian exporter, including a variety of Export Credit Facilities and Finance for Export

 

2  What is the need for export finance in India? Write a short note on export financing facilities in India.

Answer : Need for export finance in India

Trade Finance is a specific topic within the financial services industry. It’s much different, for example, than commercial lending, mortgage lending or insurance. A product is sold and shipped overseas, therefore, it takes longer to get paid. Extra time and energy is required to make sure that buyers are reliable and creditworthy. Also, foreign buyers — just like domestic buyers — prefer to delay payment until they receive and resell the goods. Due

 

 

 

3. Advance Against Export Bills Sent on Collection Basis

Bills can only be sent on collection basis, if the bills drawn under LC have some discrepancies. Sometimes exporter requests the bill to be sent on the collection basis, anticipating the strengthening of foreign currency.

Banks may allow advance against these collection bills to an exporter with a concessional rates of interest depending upon the transit period in case of DP Bills and transit period plus usance period in case of usance bill.

 

4  Write short notes on:

 

a) Export credit guarantee corporation

Answer : Export Credit Guarantee Corporation is a central government undertaking body to provide credit guarantee on the default of payments by the buyer. It works as an insurance firm who guarantees export payment, if the buyer defaults in making payment.

 

Procedures with ECGC to cover insurance:

Once after finalizing the order, the buyer execute a purchase order to the seller with the terms and conditions as agreed by both. The purchase order should contain full details of buyer and buyer’s bank account details. The exporter approaches Export Guarantee Corporation to get approval on the buyer with amount of limit. Here, the ECGC

 

 

b Foreign exchange risk

Answer : Foreign exchange risk is the risk to the value of one’s assets when it is valued in another currency. The exchange rate of a currency to another may be volatile. It is this change in value of the currency that gives rise to foreign exchange risk. A depreciation in the currency in which your assets are denominated will result in a lower

 

 

 

5  Discuss the payment options available to exporter and importer.

Answer : Consignment Purchase

Consignment purchase terms can be the most beneficial method of payment for the importer. In this method of purchase, importer makes the payment only once the goods or imported items are sold to the end user. In case of no selling, the same item is returned to the foreign supplier. Consignment purchase is considered the most risky and time taking method of payment for the exporter.

 

 

 

6  What is custom duty? Discuss its types.

Answer : n economics, a duty is a kind of tax, often associated with customs, levied by a state. The term is often used to describe a tax on certain items purchased abroad.Properly, a duty differs from a tax in being levied on specific commodities, financial transactions, estates, etc., and not on individuals. Duties may be import duties, excise duties, stamp duties, death or succession duties, etc.; but income tax levied on a

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IB0017 —International Business Environment and International Law

 

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ASSIGNMENT

 

 

DRIVE WINETR SPRING 2014
PROGRAM MBADS (SEM 4/SEM 6)

MBAFLEX/ MBAN2 (SEM 4)

PGDIB (SEM 2)

SUBJECT CODE & NAME IB0017 —International Business Environment and International Law
SEMESTER 4
BK ID B1414
CREDITS 4
MARKS 60

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

1 Explain PEST analysis. How is it used in international business?

 

Answer : The PEST analysis is a useful tool for understanding market growth or decline, and as such the position, potential and direction for a business. A PEST analysis is a business measurement tool. PEST is an acronym for Political, Economic, Social and Technological factors, which are used to assess the market for a business or organizational unit. The PEST analysis headings are a framework for reviewing a situation, and can also, like SWOT analysis, and Porter’s Five Forces model, be used to review a strategy or position, direction of a

 

 

2 Explain the various incoterms involved in international contract.

Answer : International trade contracts and Incoterms

Different countries have different business cultures and languages. It’s a good idea to make sure you have a clear written contract to minimise the risk of misunderstandings.

 

The contract should set out where the goods are being delivered. It should cover who is responsible for every stage of the journey, including customs clearance, and what insurance is required. It should also make it clear who pays for each different cost.

 

 

3 Discuss the general principles of the Law of Contract. What is an agreement?

 

Answer : Contract: An agreement between two or more parties to perform or to refrain from some act now or in the future. A legally enforceable agreement.

 

Requisites for Contract Formation (Elements)

 

  • Agreement: One party must offer to enter into an agreement, and the other party must accept the terms of the offer

–     Consideration: Something of value received or promised, to convince a party to agree to the deal;

  • Contractual Capacity/

 

4 Write short notes on:

 

a) Letter of credit

 

Answer : A letter of credit is a promise to pay. Banks issue letters of credit as a way to ensure sellers (and sometimes even buyers) that they will get paid as long as they do what they’ve agreed to do.

 

Letters of credit are common in international trade, but they are also used in domestic transactions. Either way, a bank acts as an uninterested party between buyer and seller and guarantees that a payment will be made if certain conditions are met.

 

The concept of a letter of credit can be

 

 

b) Export financing

Answer : Export finance refers to financial assistance extended by banks and other financial institutions to businesses for the shipping of products outside a country or region. Export financing enables MSMEs to expand its reach to a global audience.

 

 

An exporter should first gain understanding of some documents commonly required by export finance institutions. These documents are mandatory requirements for most types of export finance assistance.

 

 

5 Discuss the rights of an unpaid seller. What are the remedies available to the buyer against seller for breach of contract?

Answer : Broadly speaking, rights of an unpaid seller may be divided under two heads:

 

1. Right against the goods.

 

2. Right against the buyer personally.

 

I. Rights of unpaid seller against the goods

 

(a) When property in the goods has passed :

 

1. Right of Lien (Sees. 47 to 49):

 

 

6 What are the modes of settlement of disputes in international business? Discuss.

 

Answer : Chapter VI of the UN Charter lists the following methods of peaceful settlement of disputes: negotiation, enquiry, mediation, conciliation, arbitration, judicial settlement, resort to regional agencies or arrangements, or other peaceful means of their own choice.

 

Litigation and arbitration are both considered to be judicial as opposed to political means of settlement because their results are both legally binding. The terms of arbitration are agreed on in advance either through an ad hoc agreement or a

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IB0015- Foreign Trade of India

 

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ASSIGNMENT

 

 

DRIVE WINETR SPRING 2014
PROGRAM MBADS (SEM 4/SEM 6)

MBAFLEX/ MBAN2 (SEM 4)

PGDIB (SEM 2)

SUBJECT CODE & NAME IB0015- Foreign Trade of India
SEMESTER 4
BK ID B1908
CREDITS 4
MARKS 60

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

1 Give a brief overview of India’s foreign trade since independence.

 

Answer : India has formal diplomatic relations with most nations; it is the world’s second most populous country, the world’s most-populous democracy and one of the fastest growing major economies. With the world’s eighth largest military expenditure, third largest armed force, tenth largest economy by nominal rates and third largest economy in terms of purchasing power parity, India is a regional power,a nascent great power and a potential superpower. India’s growing international influence gives it a prominent voice in global affairs. The Economist magazine argues, however, that underinvestment in

 

 

 

 

2 What is the role of services exports in recent years in India’s composition of trade? Discuss.

 

Answer : Role of services exports in recent years in India’s composition of trade

Foreign Trade is one of the significant macro fundamental variable of an economy. India till recently was predominantly a primary goods exporting and mainly an industrial goods importing country.

In 1950s, India’s share in the world trade was 1.78% which was decline to 0.59% in 1990 and continues to remain around 0.60% till now. India’s share in world exports was 0.8% in 2006.

 

A. Composition of India’s Exports

 

 

 

3 Discuss the salient features of Foreign Trade Policy 2009-14.

Answer : The foreign trade policy 2009- 14 was announced by the union commerce minister on August 27, 2009.The new Foreign Trade Policy (FTP) takes an integrated view of the overall development of India’s foreign trade and goes beyond the traditional focus on pure exports.

This would be clear from the following statement in the policy document, “Trade is not an end in itself, but a means to economic growth and rational development. The primary purpose is not the mere earning of foreign exchange, but the stimulation of greater economic activity.”

 

The government unveiled a mix of procedural measures and fiscal incentives to trade with non- traditional destinations to bolster export order books drying out in two top regional markets-the US and the European Union.

 

 

4 Write short notes on:

 

a. Export promotion councils

 

Answer : The basic objective of Export Promotion Councils is to promote and develop the exports of the country. Each Council is responsible for the promotion of a particular group of products, projects and services. The list of Export Promotion Councils (EPCs) and specified Agencies/ Boards which shall be regarded as EPCs are given in Appendix — 31 of the Handbook

 

The main role of the EPCs is to project India’s image abroad as a reliable supplier of high quality goods and services. In particular, the EPCs shall encourage and monitor the observance of international standards and specifications by

 

b. India Trade Promotion organization

 

Answer : India Trade Promotion Organisation (ITPO) is synonymous with the country’s trade promotion around the world all round the year. Indeed at ITPO, the promotion of trade is an exacting mission, translating into a search for new frontiers and new horizons in the world of commercial interactions, both at macro and micro levels. A mission that finds expression in the successful organisation of trade exhibitions in India and abroad, buyer-seller meets, promotion through department stores, contact promotion

 

 

5 What are Special Economic Zones? Write one sentence each on any 5 SEZs in India.

 

Answer : A Special Economic Zone (SEZ) is a geographical region that has economic laws that are more liberal than a country’s typical economic laws. The category ‘SEZ’ covers a broad range of more specific zone types, including Free Trade Zones (FTZ), Export processing zones (EPZ), Free Zones (FZ), Industrial Estates (IE), Free ports, Urban Enterprise Zones and others. Usually the goal of a structure is to increase foreign direct investment by foreign investors, typically an international business or a Multi National Corporation (MNC).

 

 

 

 

6 What is the need and role of Focus Market Scheme? Discuss in detail.

Answer : Focus Market Scheme

The objective of the Focus Market Scheme is to offset the high freight cost and other disabilities to select international markets with a view to enhance our export competitiveness to these countries.

 

Exports of all products to the notified countries shall be entitled for duty credit scrip equivalent to 2.5% of the FOB value of exports for each licensing year commencing from 1st April, 2006. The scrip and the items imported against it would be freely

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PM0015 — QUANTITATIVE METHODS IN

PROJECT MANAGEMENT

 

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ASSIGNMENT

 

 

DRIVE WINETR SPRING 2014
PROGRAM MBADS (SEM 4/SEM 6) MBAFLEX/ MBAN2 (SEM 4)

PGDPMN (SEM 2)

SUBJECT CODE & NAME PM0015 — QUANTITATIVE METHODS IN PROJECT MANAGEMENT
SEMESTER 4
BK ID B1344
CREDITS 4
MARKS 60

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

1 Write short notes on:

 

  • Q sort method of project selection

Answer : A method for analyzing the opinions of a group based on a series of rankings (sorts) produced by the individual group members. The Q sort was originally developed within the field of psychology as a means for measuring correlations among the views expressed by different people. The letter Q was assigned to differentiate the method from another approach used in psychology, known as the R method, for analyzing correlations among various factors (e.g., height versus age). The Q sort, in contrast, is based on

 

 

 

  • Basic components of a network

Answer : A computer network is a data communications system that interconnects computer systems at various different sites.

 

 

In this learning module we are going to learn about the pieces that make a network , some of which you are familar with:

 

 

 

 

  • Project cost

Answer : Project cost management (PCM) is a method that uses technology to measure cost and productivity through the full life cycle of enterprise level projects.

 

PCM encompasses several specific functions of project management including estimating, job controls, field data collection, scheduling, accounting and design.

 

Beginning with estimating, a vital tool in PCM, actual historical data is used to accurately plan all aspects of the project. As the project

 

 

  • Resource smoothing

Answer : A scheduling calculation that involves utilising float or increasing or decreasing the resources required for specific activities, such that any peaks and troughs of resource usage are smoothed out. This does not affect the overall duration. It is also known as time limited resource scheduling.

 

What is the difference between ‘resource smoothing’ and ‘resource scheduling’?

 

Resource smoothing is used when the

 

2 What are the three methods for determining the forecasted cost at completion? Explain.

Answer : Three methods for determining the forecasted cost at completion :

 

1)      General time forecasting formula

2)      General cost forecasting formula

3)      Performance factor

 

1) Cost forecasting EAC

 

Forecasting the final cost of the project is key to the success or failure of a project since it allows to take corrective actions when the predicted EAC exceeds a certain threshold. This forecast is based on the actual costs already spent and a prediction of the future spendings for the remaining portion of work to be done. The general forecasting formula is equal to:

 

EAC = AC + PCWR

 

 

3 Describe the different stages in Project management.

 

Answer : Whether a project is large or small, the stages of a project are ultimately the same. Initiate the project, and then move into planning, followed by execution. Once the project is in the execution stage, you’ll monitor and control it, which will continually influence changes that loop back to the planning stage as necessary. Once all project tasks are complete and approved, you will finally be ready to close the project.

 

 

 

4 Write short notes on:

 

  • Linking of tasks in MS Project

Answer : Link tasks in a project

 

You can link any two tasks in a project to show their relationship (also called a task dependency). Dependencies drive the project schedule – once you link the tasks, every change you make to the predecessor affects the successor, which

 

 

 

  • Setting resource calendar in MS Project

Answer : You can apply different, customized calendars to individual tasks and individual resources. In most cases the base calendar is the calendar that describes the standard working times for most resources in your organization. As you know, the base calendar contains standard working times that designate the beginning of the work day at 8:00 A.M., ending at 5 P.M., and allowing employees a one-hour break for lunch. If you want to

 

 

 

  • Network diagram chart

 

Answer : The Network Diagram view was called the PERT Chart in earlier versions of Project. This view shows the dependencies between tasks in a graphical manner. A box (also called a node) represents each task, and a line connecting two boxes represents the dependency between those tasks.

 

The Network Diagram view is just one of

 

 

 

  • Updating the project in MS Project

 

Answer : You can quickly update your project’s tasks to 100% complete or the scheduled percent complete.

 

For example, your project is going well and most of your tasks are on track. Rather than updating each task in your project daily, you update the tasks to their scheduled percent complete weekly, and then modify the percent complete for those tasks that are either behind or ahead of schedule.

 

 

 

5 Discuss consolidating several projects in MS project.

 

Answer :  Projects can get of hand quickly. Before you know it, a simple building project becomes a collage of smaller projects, such as design, excavation, foundation work, and marketing. You can have more control over your project by creating smaller projects in Microsoft Office Project 2007 and then linking them into a single file to show where they fit in your master project.

 

 

 

6 Describe how you can choose an appropriate forecasting model.

 

Answer : In virtually every decision they make, executives today consider some kind of forecast. Sound predictions of demands and trends are no longer luxury items, but a necessity, if managers are to cope with seasonality, sudden changes in demand levels, price-cutting maneuvers of the competition, strikes, and large swings of the economy. Forecasting can help them deal with these troubles; but it can help them more, the more they know about the general principles of forecasting, what it can and cannot do for them currently, and

 

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MB0047- MANAGEMENT INFORMATION SYSTEM

 

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ASSIGNMENT

 

DRIVE SPRING 2014
PROGRAM MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2
SUBJECT CODE & NAME MB0047- MANAGEMENT INFORMATION SYSTEM
SEMESTER 2
BK ID B1630
CREDITS 4
MARKS 60

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

Q.1 Professor A. Van Cauwenbergh of Antwerp University, in a paper presented at the Tenth

Anniversary Conference of the European Institute for Advanced Studies in Management,

presented four revisions to traditional Management Theory. In summary, the revisions are:

(1) The initiative for the renewal and adjustment of the activities of a firm should come from

the different levels in the management hierarchy. “Strategy is not a privilege of top

management”.

(2) Firms, especially big firms, are incoherent systems (goals of the different component

systems are not simply subdivisions of an overall goal; there are individual, conflicting goals

as well).

Some of these differences are manifestations of organizational initiative and vitality. Using

information systems and central planning and rule-making to suppress all differences is

destructive to organizations.

(3) The most vital “fluid” of an enterprise is the aggregate of its entrepreneurial values. The

most fundamental and motivation and control come through these shared values relative to

work, quality, efficiency, etc. Management often neglects these values and assumes that the

collection and dissemination of information will provide sufficient motivation and control.

(4) Enterprises are open systems; their structure and operating processes are determined by

their environment. This means organizations must be designed to continually adjust to the

environment.

a. If these revisions are correct, how is planning to be organized? 

b. How should the information system support the planning organization?

 

Ans : a. Explaining the organizational planning process with diagram

 

It should be organized by the cooperation, quality work and efficiency. The enterprises should cope up or adjust to the new environment so that all the main goals of an enterprises will be accomplished within the work. The information system should support the planning organization in the form of combing the information system with the planning and rule making of an enterprise. It should be in different values that must be shared all together in order for it to supress all the differences of the ideas and combine the positive

 

 

 

 

Q.2 Information Technology and Computers have brought information age. The spread of Internet

& relative ease of access made Information Breach easier. Our future is not secure, if our

information is not secure. Information Resources need to be guarded, protected and controlled.

List the precautionary measures to be considered to prevent cybercrime?

 

Ans : 5 measures to prevent cyber crime :

 

1. Technical:

There are a variety of different technical countermeasures that can be deployed to thwart cybercriminals and harden systems against attack. Firewalls, network or host based, are considered the first line of defense in securing a computer network by setting Access Control Lists (ACLs) determining which what services and traffic can pass through the check point.

Antivirus can be used to prevent propagation of malicious

 

 

Q.3 a. While implementing MIS in any organization change can occur in number of ways.

List and explain the steps in the process as suggested by Lewin’s model.

b. Compare between prototype approach and Life Cycle approach

 

Ans: a. Explaining the 3 steps of implementing the process suggested by Lewin’s model :

 

For Lewin, the process of change entails creating the perception that a change is needed, then moving toward the new, desired level of behavior and finally, solidifying that new behavior as the norm. The model is still widely used and serves as the basis for many modern change models.

 

1.Unfreezing:

 

Before you can cook a meal that has been frozen, you need to defrost or thaw it out. The same can be said of change. Before a change can be implemented, it must go through the initial step of unfreezing. Because many people will naturally resist

 

 

Q.4 There is an information explosion in today’s society. There are lot of advantages of DBMS

like proper maintenance of the data and maintaining security. Explain the process of data

transition using diagram and an example of your own.

 

Ans: DFD provides an overview of the data entering and leaving the system. It also shows the entities that are providing or receiving that data. These correspond usually to the people that are using the system we will develop. The context diagram helps to define our system boundary to show what is included in, and what is excluded from, our system.

The diagram consists of a rectangle representing the system boundary, the external entities interacting with the system and the data which flows into and out of the system.

Luckily there are only four different symbols that are normally used on a DFD. The elements represented are:

–             External entities

 

 

 

Q.5 Write short note on 

a. World wide web

b. Voice over IP

c. Intranet 

d. Extranet

 

Ans: a. World Wide Web :

 

The World Wide Web (abbreviated as WWW or W3 commonly known as the web) is a system of interlinked hypertext documents accessed via the Internet. With a web browser, one can view web pages that may contain text, images, videos, and other multimedia and navigate between them via hyperlinks. Tim Berners-Lee, a British computer scientist and at that time employee of CERN, a European research organisation near Geneva, wrote

 

 

Q.6 Artificial intelligent system functions like a human being and helps a manager in taking quick

decisions. Explain the different applications AI using diagram.

 

Ans : 1. Applications of cognitive science :

 

Cognitive science is the interdisciplinary scientific study of the mind and its processes. It examines what cognition is, what it does and how it works. It includes research on intelligence and behavior, especially focusing on how information is represented, processed, and transformed (in faculties such as perception, language, memory, reasoning, and emotion) within nervous systems (human or other animal) and machines (e.g. computers). Cognitive

 

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