What is the main feature of New Economic Policy?
Liberalization
Globalisation
Privatization
All of these
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
What steps can the government take to ensure that the benefits of Globalisation 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
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
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
What is the main features of New Economic Policy?
Globalization
Foreign trade takes place in
Between two or more countries
Between states of a counrties
Within the states of a country
Union territories
What are SEZs?
Special Economic Zones
Special Excise Zones
Special Export Zones
Special Experience Zones
Name the organization which lay emphasis on liberalization or foreign trade and foreign investment in India.
WHO
WTO
UNESCO
UNICEF
When was privatization adopted in India?
1957
1995
1991
1926
