Why do the MNCs make investments?
To increase their assets
For the benefit of the foreign countries
For the welfare of the poor people
Foreign trade takes place in
Between two or more countries
Between states of a countries
Within the states of a country
Union territories
What are SEZs?
Special Economic Zones
Special Excise Zones
Special Experience Zones
When was privatization adopted in India?
1957
1995
1991
1926
WTO aims at
Establishing rules for domestic trade
Restricting trade practices
Liberalizing international trade
Free trade
What is the main features of New Economic Policy?
Liberalization
Globalization
Privatization
All the above
The member countries of WTO are
120
157
86
58
What steps can the government take to ensure that the benefits of globalization are shared better?
To ensure the proper implementation of labour laws
To support small producers to improve their performance
Using the trade and investment barriers, if necessary
Trade between countries
Determines prices of products in different countries
Makes a country dependent on the other
Country independent
The most dominant group in the World Trade Organization (WTO) is of
Developing countries
Developed countries
Countries of the middle east
Asian countries
