Globalization can create problems for business because
It can result in more competition
It increases vulnerability to political risk and uncertainty when operating abroad
It means that they can increase prices
It means that they can decrease prices
The most dominant group in the World Trade Organization (WTO) is of
Developing countries
Developed countries
Countries of the middle east
Asian countries
Technology transfer has been taking place on a large scale through
Licensing agreements and joint ventures
Choice of ownership structure
Simplification of procedures
Increasing degree of openness in respect of international trade
The member countries of WTO are
120
157
86
58
What is the main features of New Economic Policy?
Liberalization
Globalization
Privatization
All the above
Why do the MNCs make investments?
To increase their assets
For the benefit of the foreign countries
For the welfare of the poor people
WTO aims at
Establishing rules for domestic trade
Restricting trade practices
Liberalizing international trade
Free trade
One major government initiative to attract foreign companies to invest in India is
To raise the standard of education
To promote unemployment in the public sector
To build special economic zones
To promote village level programmes
The decision to start IMF was taken at
Round-table conference
Geneva conference
Bretton woods conference
Uruguay Round
