Question

(b) Trade between countries
(i) determines prices of products in different countries
(ii) decreases competition between countries
(iii) make a country dependent on the other
(iv) None of the above

(c) One major factor that has stimulated the globalisation
process is
(i) effective utilisation of resources
(ii) increase in income and wealth
(ii) willingness of cooperate
(iv) rapid improvement in technology

(d) WTO aims at
(i) establishing rules for domestic trade
(ii) restricting trade practices
(iii) liberalising international trade
(iv) None of the above​

Answer 1

Answer:

1. b) 4
2. c) 4
3. d) 3

Explanation:

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