Q1 of 10 Page 490

WTO was started at the initiative of which one group of countries?

The World Trade Organization (WTO) was started at the initiative of the developed countries. It establishes rules regarding international trade and makes sure that these rules are enforced.


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2

What is the main aim to form WTO?

 3

What is liberalisation? What are its features?

 4

Name some Indian companies that emerged as MNCs.

 5

How do the local companies start to gain by setting up production jointly with the MNCs? Why do MNCs sometimes buy up local companies?