1. The first phase of globalization started around 1870 and ended with ….. a. The World War I b. The World War II c. The Establishment of GATT d. In 1913 when GDP was High Ans: a 2. IBRD (International Bank for Reconstruction and Development) also known as a. Exim Bank b. World Bank c. International Monetary fund d. International Bank Ans: b 3. Ultimately ………………was replaced by the …………….on 1st Jan 1995 a. GATS, WTO b. WTO, GATT c. GATT, WTO d. IMF, GATT Answer: c 4. Which is the right sequence of a stages of Internationalization a. Domestic, Transnational, Global, International, Multinational b. Domestic, International, Multinational, Global, Transnational c. Domestic, Multinatinal, International, Transnational, Global d. Domestic, Internatinal, Transnational, Multinational, Global Answer: b 5. Subsidiaries consider regional environment for policy / Strategy formulation is known as a. Polycentric Approach b. Regiocentric...