Globalization work sheet

Complete the following statements with appropriate word(s)

1. Another name for the world bank is ___________.
2. ___________ owns or controls the production in more than one nation.
3. Exports now finance over 80% of imports as compared to 60% in 1985.
This situation is because of ______________.
4. _________ monitors the liberalization of trade at international level.
5. Special Economic Zones are being set up by _________ and
____________ governments.
True/False
1. MNCs set up production units on the basis of proximity to the markets.
2. Foreign trade creates an opportunity for the retailers to reach beyond
the domestic markets.
3. MNCs who set up production units in SEZ do not have to pay taxes for
the first five years.
4. Globalization and competition among producers are beneficial to the
government.
5. MNCs are playing a major role in the globalization process.
6.