Question : The "New International Economic Order" sought to:
Option 1: Strengthen the role of the United Nations
Option 2: Promote free trade agreements
Option 3: Reform the global financial system
Option 4: Increase military spending
Correct Answer: Reform the global financial system
Solution : The "New International Economic Order" sought to reform the global financial system to address imbalances and inequalities in the global economy, particularly between developed and developing countries.
Question : The role of global environmental norms is to:
Option 1: Promote national interests over global sustainability
Option 2: Facilitate international trade and economic growth
Option 3: Standardize environmental laws across all countries
Option 4: Foster cooperation for addressing environmental issues
Question : The economic liberalization reforms of 1991 in India aimed to:
Option 1: Increase state control over the economy
Option 2: Promote self-sufficiency in food production
Option 3: Open the economy to foreign investment and trade
Option 4: Strengthen public sector enterprises
Question : What is a common goal of peace efforts in South Asia?
Option 1: To increase military spending
Option 2: To resolve territorial disputes
Option 3: To promote cultural assimilation
Option 4: To reduce economic development
Question : What role do International Financial Institutions (IFIs) play in globalization?
Option 1: They discourage global trade
Option 2: They promote economic stability and integration
Option 3: They reduce foreign direct investment
Option 4: They increase trade barriers
Question : What role does media play in economic change?
Option 1: No role
Option 2: Hinders economic growth
Option 3: Promotes consumerism
Option 4: Stabilizes the economy
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