Globalisation refers to
A more integrated and interdependent world
Less foreign trade and investment
Global warming
Lower income
Globalisation 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
When was privatization adopted in India?
1957
1995
1991
1926
What is the main feature of New Economic Policy?
Liberalization
Globalisation
Privatization
All of these
Globalisation integrates different countries:
Through foreign trade
Through foreign investment
By multinational corporations
All the above
What are SEZs?
Special Economic Zones
Special Excise Zones
Special Export Zones
Special Experience Zones
Why do the MNCs make investments?
To increase their assets
For their own benefit
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 member countries of WTO are
120
157
86
58
