BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Reduction in import duties
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Abolition of import licensing
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Allowing free flow of direct foreign investment
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Disinvestment of equity in the public sector
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Detailed explanation-1: -Detailed Solution. The correct answer is Disinvestment of Public Sector equity.
Detailed explanation-2: -Reduction of barriers is not involved in globalisation.
Detailed explanation-3: -Measures of globalisation include indicators on capital movements and foreign direct investments, international trade, the economic activity of multinational firms and the internationalisation of technology.
Detailed explanation-4: -Detailed Solution. The correct answer is Global infrastructure of formal and informal institutional arrangements.
Detailed explanation-5: -IDBI stands for Industrial Development Bank of India. It is owned by the Government of India. Globalization is the process of integrating the world economy into a village economy and hence IDBI is an international organization which does not facilitate the process of globalization.