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Which is a key role for the government in fair globalisation?
ABan all foreign companies
BSubsidise only large MNCs
CNegotiate fair terms at WTO and support workers/small producers domestically
DWithdraw from all international trade
Answer & Solution
Correct answer: C. Negotiate fair terms at WTO and support workers/small producers domestically
1. Government must negotiate at WTO to push for fairer trade rules.
2. Domestically, it must invest in skills, infrastructure and safety nets.
3. Small producers need targeted support to compete or transition.
_Source: NCERT Class 10 Understanding Economic Development, Ch 4 "Globalisation and the Indian Economy"_
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