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प्रश्न
Which one of the following statements best describes the meaning of 'Globalisation'?
पर्याय
Removal of tax barriers on trade
Providing higher standard of living
Process of rapid integration between countries
Taking special steps to attract foreign companies
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.
APPEARS IN
संबंधित प्रश्न
What is meant by trade barrier?
“Foreign trade integrates the markets in different countries”. Support the statement with arguments
Why did the Indian Government put barriers to foreign trade and foreign investments after independence? Analyse the reasons.
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?
How has liberalisation of trade and investment policies helped the globalisation process?
Distinguish between investment and foreign investment.
Answer the following question.
How has foreign trade been integrating markets of different countries? Explain with examples.
Entry of MNCs in a domestic market may prove harmful for:
Integration of markets means:
Cheaper imports, inadequate investment in infrastructure lead to:
Foreign trade results in connecting the markets or integration of markets:
Foreign Trade creates an opportunity for the producers to:
"Foreign trade has been the main channel of connecting countries for a long time." Analyse the statement.
Evaluate the impacts of opening foreign trade on the global economy by identifying the appropriate statements among the following options:
- The choice of goods in the markets increase.
- Producers from two countries closely compete against each other despite the distance between their locations.
- Foreign trade thus results in connecting the markets or integration of markets in different countries.
- The quality of the product is always good.
“Foreign trade results in connecting the markets in different countries.” Support the statement in the context of globalisation.
