When was privatization adopted in India?
1957
1995
1991
1926
The most dominant group in the World Trade Organization (WTO) is of
Developing countries
Developed countries
Countries of the middle east
Asian countries
Why do the MNCs make investments?
To increase their assets
For the benefit of the foreign countries
For the welfare of the poor people
Foreign trade takes place in
Between two or more countries
Between states of a countries
Within the states of a country
Union territories
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
What are SEZs?
Special Economic Zones
Special Excise Zones
Special Experience Zones
The main inconvenience of barter system was
Transactions were many and complex
Lack of double coincidence of wants
The intermediate commodity need not be familiar
Prevalence of domestic system
The decision to start IMF was taken at
Round-table conference
Geneva conference
Bretton woods conference
Uruguay Round
The member countries of WTO are
120
157
86
58