Globalization and Indian Economy

Large companies that have their presence in more than on country are called ______________________________.

• Large National Companies

• Multi National Corporations

• Multi International Companies

Globalisation is a process of rapid ___________________ or ___________________________ between the countries.

• integration or interconnection

• intersection or interrelation

• Interaction or intermingling

Investments made in a country by Multi National Companies is called _____________________.

• Internal Investment

• Local Investment

• Foreign Investment

Selling of goods to any other country is called __________________________.

• Export

• Import

• Collateral

Countries impose restriction or barrier on foreign trade by _____________________________

• Applying High rate of interest

• Banning import and export of certain goods

• banning trade with certain countries

• All of the above

One of the cause for imposing trade barrier ______________________

• To protect local small manufacturers

• To encourage investment of MNC

• To encourage foreign import

Name the organisation that was formed by the initiative of some developed countries _________________________

• Trade Union Organisation

• Earth Summit

• World Trade Organisation

The main objective of World Trade Organisation is to _________________________________.

• No restrictions on import or export

• allow meeting of producers and consumers

• create environment suitable for trade

Two factors that enabled Globalisation ______________________________________.

• Foreign Trade and Foreign Investment

• World Trade organisation and Exports

• Development in Technology and Liberalization of Foreign Trade

Selected areas created and are equipped with world class facilities are called __________________________________.

• Special Economic Zones

• Electronic Capital

• IT centers