Assertion: Multinational companies help in the growth of local companies.
Reason: The activities of MNCs like research manufacturing, customer care services are spread over many countries.
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Removing barriers or restrictions set by the government is called:
Assertion: World Trade Organisation forms rules and regulations for all the member nations.
Reason: World Trade Organisation handles trade disputes.
Rapid Integration or interconnection between countries is known as:
Assertion: Indian government encouraged foreign trade and investment for development.
Reason: Rate of economic growth of India was low.
Under liberal policy there has been removal of
Globalisation has led to an improvement in living conditions:
Assertion: Indian market is not expanding because of RBI.
Reason: The policy of globalisation and liberalisation has removed trade barriers.
139 videos|315 docs|136 tests
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139 videos|315 docs|136 tests
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