Globalisation of Economy

Which term describes the process of removing or reducing government restrictions on economic activities to encourage free-market competition?

Which term refers to the integration of national economies into the international economy through trade, foreign direct investment, capital flows, and the spread of technology?

Which policy measure is associated with reducing government control over industries and allowing private sector participation?

Which international organization is primarily responsible for overseeing global trade rules as part of economic globalisation?

In which year did India adopt the New Economic Policy that included measures for liberalisation, privatisation, and globalisation?

Owing to the current political instability across many countries, the Indian rupee has sharply lost its value in terms of US dollars. The impact of this would be:

(A) A rise in imports from USA

(B) A fall in imports from USA

(C) A rise in exports to USA

(D) A fall in exports to USA

Choose the correct answer from the options given below:

Adoption of new technology is called ____.

Some Scholars question the usefullness of India being a member of _____ the organisation as a major volume of international trade occurs among the developed nations. Identify the organisation.

Arrange the following elements in correct chronological sequence (earliest to latest):

(A) Smithsonian Agreement

(B) Bretton Woods Conference

(C) Establishment of WTO

(D) Gold Standard

European Monetary Union was created in:

Arrange the following items in the correct sequence:
(A) Competition Act
(B) FEMA
(C) FERA
(D) MRTP

Choose the correct answer from the options given below: