Indian Economy and Policy

All export and import-related performance is governed by the Foreign Trade Policy (FTP), which is intended at enhancing the country's exports and use trade development as effective implementation of monetary growth and employment generation. 

In other words, the main objective of the Exim Policy is to speed up the economy from a low level of economic activities to a high level of economic activities by making it a worldwide orient animated economy and to get maximum benefits from expanding global market opportunities.

 Thus, the correct option is D.

Due to its open-door policy and manufacturing focus, China has historically attracted significantly more FDI than India.

The open-door policy, which encouraged Foreign Direct Investment (FDI), was a fundamental driver of China's industrialization and economic modernization.

In recent years, India is earning large foreign exchange through the export of information technology. The information technology in India is comprised of two-component, viz., Business Process Outsourcing (BPO) and IT services. The sector has increased its contribution to India's GDP from 1.2% in 1988 to 7.7% in 2017.

Following the 1991 banking sector reforms, the definition of priority sector lending was expanded to include various sectors like agro-processing, venture capital, and software to boost economic growth.

The Achaemenid contact with India introduced administrative and cultural elements, including the use of Kharoshti script, pillar inscriptions, and new coinage styles. All these options are historically recognized impacts of this interaction.

 Because of the cheaper prices and new designs, Chinese toys become more popular in the Indian markets.

India imports 35% of its petroleum requirements from foreign. Petroleum comes from Iran, Kuwait, Iraq and Saudi Arabia. In 2004-05, petroleum worth Rs. 134095 crore were imported.

Prior to Independence, India's foreign trade was mainly confined to Britain. But now the table have turned. At present, India has maximum imports from and exports to European Union, Role of Japan, U.S.S.R., USA and Organisation of Petroleum Exporting Countries (OPEC) in  India's foreign trade has increased substantially.

A multinational company is one which has its main office in the home country and has many branches or subsidiaries in two or more country. Its main advantage is it increases the transfer of technology between the nations.

MNC refers to those organisations who have their headquarters in the home country and subsidiaries in two or more country. When a MNC invests in other countries it directly increases employment in the countries where investment is done. Hence, it can be a disadvantage to the home country as employment decreases..

MNC is an organisation which has its head office in the home country and subsidiaries in two or more countries. I t provides various benefits to the home countries:

Option II and III are correct; option C is the correct answer.

Reason:- Improvement in the transport sector facilitates globalization, it is not an outcome of globalization. 

Whereas Liberalization of foreign trade and Favorable rules under the developing countries category helped India to improve trade in the world. 

India is currently the world’s second-largest telecommunications market and has registered strong growth in the past decade and half. The Indian mobile economy is growing rapidly and is expected to contribute substantially to India’s Gross Domestic Product (GDP).