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प्रश्न
Which one of the following statements best describes the meaning of 'Globalisation'?
विकल्प
Removal of tax barriers on trade
Providing higher standard of living
Process of rapid integration between countries
Taking special steps to attract foreign companies
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उत्तर
Process of rapid integration between countries
Explanation:
Greater foreign investment and trade have resulted in greater integration of production and markets across countries. Globalisation is the process of rapid integration or interconnection between countries. MNCs are playing a major role in this process. More and more goods and services, investments, and technology are moving between countries.
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संबंधित प्रश्न
What is meant by trade barrier?
"Advancement of international trade of a country is an index to its prosperity." Support the statement with suitable examples
Which one of the following has been the major source of foreign exchange for IT industry?
(A) Bharat Heavy Electricals Limited
(B) Oil India Limited
(C) Steel Authority of India Limited
(D) Business Process Outsourcing
What is the meaning of 'investment'?
What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?
Distinguish between investment and foreign investment.
Answer the following question.
How has foreign trade been integrating markets of different countries? Explain with examples.
Integration of markets means:
Cheaper imports, inadequate investment in infrastructure lead to:
Foreign trade results in connecting the markets or integration of markets:
Which of the following was the main channel connecting distant countries was:
Foreign Trade creates an opportunity for the producers to:
“Foreign trade results in connecting the markets in different countries.” Support the statement in the context of globalisation.
