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
WTO aims at
Establishing rules for domestic trade
Restricting trade practices
Liberalizing international trade
Free trade
Globalisation refers to
A more integrated and interdependent world
Less foreign trade and investment
Global warming
Lower income
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
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
What is the main feature of New Economic Policy?
Liberalization
Globalisation
Privatization
All of these
Which of the following do NOT facilitate Globalisation?
Improvements in communications
Barriers to trade and investment
Immigration controls
Removal of controls on movement of capital across borders
The member countries of WTO are
120
157
86
58
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
Foreign trade takes place in
Between two or more countries
Between states of a counrties
Within the states of a country
Union territories