question_answer1) It is a company that owns or controls production in more than one nation. Name it.
question_answer2) Why do MNCs set up offices and factories for production in regions where they can get cheap labour and other resources?
question_answer3) Mention three factors which are preferred by MNCs for setting up production.
question_answer4) What are the investments made by MNCs called and with what expectations are these made?
question_answer5) It creates an opportunity for the producers to reach beyond the domestic markets. What does it refer to?
question_answer6) How does foreign trade benefit the buyers?
question_answer7) Mention one good result of greater foreign investment and greater foreign trade.
question_answer8) Besides the movements of goods, services, investments and technology, there is one more way in which the countries can be connected. State this way.
question_answer9) How rapid improvement in technology has stimulated the globalisation process? State through an example.
question_answer10) How use of containers has helped much greater volumes of goods being transported by airlines?
question_answer11) How can governments use trade barriers in relation to foreign trade?
question_answer12) What is removal of barriers or restrictions set by the government known as?
question_answer13) It is one such organisation whose aim is to liberalise international trade and it also establishes rules regarding international trade and sees that these rules are obeyed. Name this organisation which has been started at the initiative of the developed countries.
question_answer14) What complaint do farmers of developing countries have against developed country governments?
question_answer15) Give a few examples of industries where the small manufacturers have been hit hard due to competition.
question_answer16) To get large orders from MNCs, Indian garment exporters try hard to cut their own costs although cost of raw materials cannot be reduced. Therefore workers have to suffer. Why?
question_answer17) Fair globalisation would create opportunities for all and also ensure that the benefits of globalisation are better shared. What role can government play in making this possible?
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