Assertion (A): GDP increases a currency’s value. Reason (R): Since there is likely to be greater demand for country’s currency.

Statement I: To become a global corporation, a firm passes through different stages, via, capturing markets abroad, establishing joint venture/subsidiaries abroad, developing into MNCs and moving towards global mode of operation. Statement II: Government support is not a pre-requisite for the successful globalization of the business.

(i) Panel set up and appointment of panelists. (ii) Final Report to WTO members. (iii) Final Report to partners. (iv) Consultations, mediations, etc. (v) Adoption of Report by Dispute Settlement Body.