| Consider the following statements |
| 1. Allowing free capital inflows and FDIs. |
| 2. Facilitate the migration of human resources. |
| 3. Imposition of quantitative restriction on trades. |
| Which of the statements given above is/are important ingredient of the globalization in true sense? |
A) 2 and 3
B) 1 and 2
C) 1 and 3
D) 1, 2 and 3
Correct Answer: B
Solution :
The International Monetary Fund (IMF) identified four basic aspects of globalization: trade and transactions, capital and investment movements, migration and movement of people, and the dissemination of knowledge.
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