Question

SECTION C
23. Read the source given below and answer the questions that follows: [4]
[4X4=16]
Developed countries have been trying to pursue developing countries to liberalize the
trade and allow more flexibility in business policies to provide equal opportunities to
multinational firms in their domestic market. International Monetary Fund (IMF) and
World Bank helped them in this endeavor. Liberalization began to hold its foot on barren
lands of developing countries like India by means of reduction in excise duties on
electronic goods in a fixed time frame.
Indian government did the same and liberalized the trade and investment due to the
pressure from World Trade Organization. Import duties were cut down phase-wise to
allow MNC's operate in India on equality basis. As a result, globalization has brought to
India new technologies, new products and also the economic opportunities.
Answer the following questions on the basis of the information given above:
23.1 The reduction of trade barriers has
allowed: a. Free flow of goods to and from other
countries. b. Free flow of services to and from other
countries.
c. Free flow of goods and services to and from other countries.
nant and loans to and from other countries​

Answer 1

Answer:

The answers Is (b) Free flow of services to and from other countries.

Answer 2

Answer:

SECTION C

23. Read the source given below and answer the questions that follows: [4]

[4X4=16]

Developed countries have been trying to pursue developing countries to liberalize the

trade and allow more flexibility in business policies to provide equal opportunities to

multinational firms in their domestic market. International Monetary Fund (IMF) and

World Bank helped them in this endeavor. Liberalization began to hold its foot on barren

lands of developing countries like India by means of reduction in excise duties on

electronic goods in a fixed time frame.

Indian government did the same and liberalized the trade and investment due to the

pressure from World Trade Organization. Import duties were cut down phase-wise to

allow MNC's operate in India on equality basis. As a result, globalization has brought to

India new technologies, new products and also the economic opportunities.

Answer the following questions on the basis of the information given above:

23.1 The reduction of trade barriers has

allowed: a. Free flow of goods to and from other

countries. b. Free flow of services to and from other

countries.

c. Free flow of goods and services to and from other countries.

nant and loans to and from other countries