TRIPs:
i) TRIPS means Trade Related aspects of Intellectual Property rights.
ii) Under TRIPS patent shall be available for any invention whether product or process in all fields of industrial technologies.
iii) TRIPS agreement covers seven areas of intellectual's property rights.
TRIMs:
i) Trade Related Investment Measures include restrictions or conditions given by Government.
ii) It refers to restrictions imposed by a government in respect of foreign investment in the country in order to give adequate provisions for the home industries to develop

i) Creating Opportunities for economically disadvantaged producers.
ii)  Transparency and accountability
iii) Fair trading practices and payment of a Fair Price
iv) Ensuring no child labour and forced labour.
v) Respect for the environment.

i)  Abolition of Industrial licensing, except for a few industries.
ii)  Reduction in the number of industries reserved for public sector,
iii) Fixation of a realistic exchange rate of rupee to exchange exports of Indian goods.
iv)  Foreign private sector by making rupee convertible on trade, on current account and by reducing import duties.
v) Foreign exchanges regulations were suitably amended.

 Multi National Corporation (MNC) is a corporate organization which owns or controls production of goods and services in at least one country other than its home country.

i) Globalization is the integration of a country with the world economy.
ii) Globalization signifies a process of internationalization plus liberalization.