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Globalisation and the Indian Economy Test - 19

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Globalisation and the Indian Economy Test - 19
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Weekly Quiz Competition
  • Question 1
    1 / -0
    The Head guarter of WTO is in ______.
  • Question 2
    1 / -0
    The guiding principle of GATT agreement is
  • Question 3
    1 / -0
    WTO stands for_________.
  • Question 4
    1 / -0
    Globalisation means _______.
  • Question 5
    1 / -0
    The term Globalization means __________
  • Question 6
    1 / -0
    A business expansion cycle will tend to cause _________
  • Question 7
    1 / -0
    Which of the following is not the disadvantage of MNC?
    Solution
    A multinational company is one which has its main office in the home country and has many branches or subsidiaries in two or more country. As MNC operates in more than two or more countries it encourages employment opportunities in different countries. Hence, it is not the disadvantage of MNC.
  • Question 8
    1 / -0
    Which agency discharges the responsibilities of dispute settlement body under WTO?
  • Question 9
    1 / -0
    Which of the following is known as the soft loan window of World Bank is __________.
    Solution

    The International Development Association (IDA) is known as the 'soft loan' window of the World Bank since it offers concessional loans and grants to the world's poorest developing countries. 
    The IDA is a member of the World Bank Group and is headquartered in Washington, D.C., United States. International Development Association (    IDA) – Introduction, Origins, Functions. Established in 1960, 
    IDA aims to reduce poverty by providing loans (called “credits”) and grants for programs that boost economic growth, reduce inequalities, and improve people's living conditions. 

  • Question 10
    1 / -0
    An MNC is defined by an organisation __________.
    Solution
    A multinational company is one which has its main office in the home country and has many branches or subsidiaries in two or more country. Hence, a MNC is defined by an organisation carrying out production in more than one country.
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