home country. MNC otherwise called Transnational Company(TNC) and Multinational Enterprises(MNE). GATT was signed by countries in . India was one of the founder members of GATT.
GLOSSARY globalization the process by which businesses or other organizations develop international influence or start operating on an international scale. உலகமயமாக்்கல் archaic of an early period of art or culture, especially the 7th–6th centuries BC in Greece. தொன்்மமையான evolution the gradual development of something பரிணாம வளர்ச்சி mortgaged expose to future risk or constraint for the sake of immediate advantage. அடமானம் வை க்்கப்்பட்்ட spurt cause to gush out suddenly.
திடீர் detrimental tending to cause harm சீரழிவான thriving prosperous and growing; flourishing. வெற்றிகரமான - - . . AM - - .
. AM Globalization and Trade I Choose the correct answer . Who is the head of the World Trade Organisation (WTO) a) Ministerial conference b) Director General c) Deputy Director General d) None of these . Colonial advent in India a) Portuguese, Dutch, English, Danish, French b) Dutch, English, Danish , French c) Portuguese , Danish, Dutch, French, English d) Danish, Portuguese, French, English, Dutch .
GATT’s first round held in a) Tokyo b) Uruguay c) Torquay d) Geneva . India signed the Dunkel proposal in a) b) c) d) . who granted the English “golden Fireman” in a) Jahangir b) Sultan of Golconda c) Akbar d) Aurangzeb . Foreign Investment policy (FIP) announced in a) June b) July c) July- Aug- d) Aug II Fill in the Blanks .
A better economy introduce rapid development of the . . WTO agreement came into force from . .
The term globalization invented by . III Match the following . Multination corporation in India - . MNC - enforce international trade .
GATT - Minimize cost of production . WTO - Infosys IV Give Short Answers . What is globalization? .
Write the types of globalization. . Write short note on Multinational corporation. .
What are the reforms made to adopt globalization? . What is Fair trade ? .
Write any two principles