Match the items of List – I with items of List – II : List – IList – II 1. Measures towards…
Matching the globalization and trade items: Measures towards globalization (1) include steps to Liberalise the inflow of FDI (III); Off-shoring of business processes (2) is…
Choose your answer
Match the items of List – I with items of List – II :
| List – I | List – II |
|---|---|
| 1. Measures towards globalization | I. Globalisation |
| 2. Off-shoring | II. FEMA |
| 3. FERA | III. Liberalise the inflow of FDI |
| 4. Mr. Aruthur Dunkel | IV. Uruguay Round |
Answer and explanation
Correct answer A
Matching the globalization and trade items: Measures towards globalization (1) include steps to Liberalise the inflow of FDI (III); Off-shoring of business processes (2) is a manifestation of Globalisation (I). FERA, 1973 (3) was liberalized and replaced by FEMA, 1999 (II), and GATT Director-General Arthur Dunkel (4) authored the Dunkel Draft that culminated in the Uruguay Round agreement (IV). Thus, 1-III, 2-I, 3-II, 4-IV is correct.
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UGC NET Commerce