Fill in the blanks. WTO was started at the initiative of __________countries. The aim of the WTO is to ___________________

Question:

Fill in the blanks.WTO was started at the initiative of __________countries. The aim of theWTO is to ____________________. WTO establishes rules regarding________________ for all countries, and sees that ___________________ Inpractice, trade between countries is not ______________________________.Developing countries like India have ___________________, whereasdeveloped countries, in many cases, have continued to provide protection totheir producers.

Answer:

(i) Developed (ii) Liberalized in international trade (iii) International trade (iv) These rules are followed (v) Totally free (vi)So trade barriers are forced to be removed.

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Chapter 4 NCERT Class 10 Economics SOLUTIONS

Question:

Answer:

More NCERT Questions

Choose the most appropriate option. (i) The past two decades of globalisation has seen rapid movements in

Match the following. (i) MNCs buy at cheap (a) Automobiles rates from small producers

Fill in the blanks. Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of ______________.

Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these arguments?

Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.

How does foreign trade lead to integration of markets across countries? Explain with an example other than those given here.

How has liberalisation of trade and investment policies helped the globalisation process?

“The impact of globalisation has not been uniform.” Explain this statement.

Why do developed countries want developing countries to liberalise their trade and investment? What do you think the developing countries should demand in return?

What are the various ways in which MNCs set up, control or produce in other countries?

How would flexibility in labour laws help companies?

What were the reasons for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?

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