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.
Multinational companies may help and invest in the local companies giving them another dimension to expand. However, possible reason cannot be the spread of services in many countries because it may just exploit the available labor force.
Globalisation will result in
Removing barriers or restrictions set by the government is called:
The removing barriers or restrictions set by the government is called liberalization.
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 is low.
Uder 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.