The passage suggests which of the following about global corporations?

Their continued growth depends on the existence of a fully integrated international market.

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Their potential effect on the world market is a matter of ongoing concern to international institutions.

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They will have to assume quasi-governmental functions if current economic trends continue.

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Their influence on world economics will continue to increase.

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Solution

The correct option is D Their influence on world economics will continue to increase.
Option (D).“They will foster integration in the two largest and richest markets of the world, as well as provoke questions about the future direction of the world trading system.” The author in the last line has stated that, regardless of the oppositions and the difficulties faced by the two blocs, they are sure to overcome those and increase their influence and existence in the global markets in the future ahead. When we have so many points to support the answer, it becomes necessary that we rule out the other factors that are not in close context with the discussion. In questions like these, it becomes essential that we quickly come to the best solution directly from the passage and hence save on time.

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Q. As the economic role of multinational, global corporations expands, the international economic environment will be shaped increasingly not by governments or international institutions, but by the interaction between governments and global corporations, especially in the United States, Europe, and Japan. A significant factor in this shifting world economy is the trend toward regional trading blocs of nations, which has a potentially large effect on the evolution of the world trading system. Two examples of this trend are the United States-Canada Free Trade Agreement (FTA) and Europe 1992, the move by the European Community (EC) to dismantle impediments to the free flow of goods, services, capital, and labor among member states by the end of 1992. However, although numerous political and economic factors were operative in launching the move to integrate the EC’s markets, concern about protectionism within the EC does not appear to have been a major consideration. This is in sharp contrast to the FTA; the overwhelming reason for that bilateral initiative was fear of increasing United States protectionism. Nonetheless, although markedly different in origin and nature, both regional developments are highly significant in that they will foster integration in the two largest and richest markets of the world, as well as provoke questions about the future direction of the world trading system.
Q. The passage suggests which of the following about global corporations?

Read the following passage and answer the question that follows.

As the economic role of multinational, global corporations expands, the international economic environment will be shaped increasingly not by governments or international institutions, but by the interaction between governments and global corporations, especially in the United States, Europe, and Japan. A significant factor in this shifting world economy is the trend toward regional trading blocs of nations, which has a potentially large effect on the evolution of the world trading system. Two examples of this trend are the United States-Canada Free Trade Agreement (FTA) and Europe 1992, the move by the European Community (EC) to dismantle impediments to the free flow of goods, services, capital, and labor among member states by the end of 1992. However, although numerous political and economic factors were operative in launching the move to integrate the EC’s markets, concern about protectionism within the EC does not appear to have been a major consideration. This is in sharp contrast to the FTA; the overwhelming reason for that bilateral initiative was fear of increasing United States protectionism. Nonetheless, although markedly different in origin and nature, both regional developments are highly significant in that they will foster integration in the two largest and richest markets of the world, as well as provoke questions about the future direction of the world trading system.

According to the passage, which of the following is TRUE?

Consider the following statements:

The Price of any currency in international market is decided by the

Which of the above statements are correct?

All of these
Only 2 and 3
Only 2, 3 and 4
Only 1 and 4

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Or
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Or
"The London underground railway became a huge success." Explain.

Q. Which of the following international institutions directly asks the concerned government to show all its accounts and directs it to make changes in its economic policy?

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