Multiple Choice Questions: (i) Aaditya and Aman are talking to each other, Aman says that his shi...
0Multiple Choice Questions:
(i) Aaditya and Aman are talking to each other, Aman says that his shirt is imported and is a brand of adidas. Aaditya asks more about adidas to Aman. Aman again says that it provides services to many countries and has a very huge capital. Identify the type of company is being talked above:
(a) Local company
(b) MNC
(c) Firm
(d) None of these
(ii) Globalization enhances the movement of across the globe:
(a) Good
(b) Services
(c) People
(d) All of the above
(iii) Before 1991, Indian economy was under the grip of various restrictions on foreign trade. Tax rates on import and export were very high. So everyone wanted to perform only domestic trade but the things changes in 1991, when Indian government removed many restrictions from the foreign trade. Tax rates were also decreased and foreign trade was enhanced. Identify the term for the reformation after 1991 by Indian Government:
(a) Liberalization
(b) Domestication
(c) More restrictions
(d) None of these
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