Which one of the following is a basic function of foreign trade?
It flourishes trade in the domestic market
Goods and services are produced for internal market
Investment is done to expand the trade within the domestic markets
Why do the MNCs make investments?
To increase their assets
For the benefit of the foreign countries
For the welfare of the poor people
What are SEZs?
Special Economic Zones
Special Excise Zones
Special Experience Zones
Foreign trade takes place in
Between two or more countries
Between states of a countries
Within the states of a country
Union territories
IBRD was set up in
1983
1844
1948
1944
WTO aims at
Establishing rules for domestic trade
Restricting trade practices
Liberalizing international trade
Free trade
Globalization means
Integration of the economy with world economy
Increasing degree of openness in respect of international trade
Process of transformation of the world in to a single economic unit
All the above
The decision to start IMF was taken at
Round-table conference
Geneva conference
Bretton woods conference
Uruguay Round
The most dominant group in the World Trade Organization (WTO) is of
Developing countries
Developed countries
Countries of the middle east
Asian countries
What is the main features of New Economic Policy?
Liberalization
Globalization
Privatization
