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
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
The member countries of WTO are
120
157
86
58
IBRD was set up in
1983
1844
1948
1944
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
All the above
When was privatization adopted in India?
1957
1995
1991
1926
What are SEZs?
Special Economic Zones
Special Excise Zones
Special Experience Zones
WTO aims at
Establishing rules for domestic trade
Restricting trade practices
Liberalizing international trade
Free trade
What is the main feature of New Economic Policy?
Liberalization
Globalization
Privatization
All of these
Trade between countries
Determines prices of products in different countries
Makes a country dependent on the other
Country independent
