Many a times we read about 'Globalization' and its impact on business practice in India. Which of the following is NOT one of the important parameters of 'Globalization'? (1) Reduction of trade barriers to permit free flow of goods and services amongst various nations. (2) Developing an environment in which free flow of capital can take place. (3) Promoting local industry to cater to the needs of the consumers in Tier II and Tier III cities. The production from metros should be reserved only for exports.

• A. (A) Only 1
• B. (B) Only 2
• C. (C) Only 3
• D. (D) All 1,2 & 3
• E. (E) Both 2 & 3