Trade between countries
Determines prices of products in different countries
Decreases competition between countries
Makes a country dependent on the other
Country independent
What are SEZs?
Special Economic Zones
Special Excise Zones
Special Export Zones
Special Experience Zones
Foreign trade takes place in
Between two or more countries
Between states of a counrties
Within the states of a country
Union territories
Globalisation integrates different countries:
Through foreign trade
Through foreign investment
By multinational corporations
All the above
When did Ford Motors come to India?
1990
1995
1996
1998
What is the main features of New Economic Policy?
Liberalization
Globalization
Privatization
When was privatization adopted in India?
1957
1991
1926
The member countries of WTO are
120
157
86
58
Name the organization which lay emphasis on liberalization or foreign trade and foreign investment in India.
WHO
WTO
UNESCO
UNICEF
Which of the following is NOT a driver of Globalisation?
The fragmentation of consumer tastes between countries
The competitive process
Multinational companies successfully persuading governments to lower trading barriers
The need to gain economies of scale
