Question

Choose the correct statement about factors regarding globalization in India:
I. Improvement in transportation technology.
II. Liberalization of foreign trade and foreign investment.
III. Favourable rules of WTO towards India in comparison to developed countries.
Choose the correct options from the codes given below:
(A) Only I ans II
(B) Only I and III
(C) Only II and III
(D) Only III

Answer 1

Answer:

B)only 2 and 3

Explanation:

because in India transportation is not at all a problem to globalisation

Answer 2

Answer:

(A) Only l and ll.

Explanation:

Because lll statement is incorrect as WTO Rules favour developed countries like U.S.A. And Russia.

While developing countries are forced to liberalise, developed countries unfairly retain trade barriers.