Economics II/Macro Economics  Concept or Definition    Liberalization, Privatization, Globalization  Private sector  Public sector  FDI  MNCs  Free Trade Policy  Protection Trade Policy  Fixed exchange rate  Flexible exchange rate  BOP  BOT  WTO  GATT  Internal & International trade    Long type questions     What is LPG? Explain the scope of LPG.  Explain the impact of Globalization in India.  Explain role of FDI and Govt. measures attract FDI in India.  What is MNC?  Explain its problems and prospects.  Explain the Purchasing Power Parity theory of exchange rate determination.  Discuss the meaning and structure of BOP.  Explain the causes of disequilibrium in BOP.  Discuss the measures to correct the disequilibrium in BOP.  Explain merits & demerits of Free Trade Policy.  Explain merits & demerits of Protection Trade Policy.  Evaluate various agreements of WTO.