Globalisation in Indian economy

Globalisation in Indian economy (6)

Multiple Select

MNCs normally take decisions regarding the location of production units on the basis of following factors:

• Production units should be close to the markets

• Availability of skilled and unskilled labour at low cost

• Assured availability of raw materials

• Government policies that can look after their decisions

Multiple Choice

Assertion : developed countries have unfairly retained trade barriers.

Reason: WTO rules have forced the developing countries to remove trade barriers.

• A is correct but R is incorrect

• A is false and R is true

• Both A & R are true.

Multiple Choice

1. New Economic policy was initiated in the year.

• 1991

• 1990

• 1988

• 1980

Multiple Choice

In the past few years, WTO has influenced important decisions relating to trade and investments . Why ?

• demonstrated organised by asian countries

• massive campaigns and representation by people’s organisations

• Developing countries have created alternative solutions against MNCs.