Globalisation and Indian economy

1.MNC stands for

• Multinational Corporation

• Multination Corporation

• Multinational Cities

• Multinational Council

Investment made by MNCs is called

• Investment

• Foreign Trade

• Foreign Investment

Process of integration of different countries is called

• Liberalization

• Privatization

• Globalization

MNCs do not increase

• Competition

• Price war

• Quality

• None of the above

This helps to create an opportunity for the producers to reach beyond the domestic market

• Foreign trade

• Domestic trade

• Internal trade

• Trade barrier

Foreign Trade

• Increases choice of goods

• Decreases prices of goods

• Increases competition in the market

• Decreases earnings

Globalization was stimulated by

• Money

• Transportation

• Population

• Computers

Production of services across countries has been facilitated by

• Money

• Machine

• Labour

• Information and communication technology

Tax on imports is an example of

• Investment

• Disinvestment

• Trade barrier

• Privatization

Liberalization does not include

• Removing trade barriers

• Liberal policies

• Introducing quota system

• Disinvestment