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Globalisation And The Indian Economy Quiz 1 (25 MCQs)

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1. Globalization so far has been more in favour of:
2. Amalgamation and rapid unification between countries can be identified as
3. World Trade Organisation (WTO) was started at the initiative of developing countries.
4. In recent years China has been importing steel from India. Explain how the import of steel by China will affect.(a) steel companies in China.(b) steel companies in India.(c) industries buying steel for production of other industrial goods in China.
5. Which of the following factors has not facilitated globalisation?
6. Fair globalisation refers to ensuring benefits to:
7. Assertion:developed countries have unfairly retained trade barriers. Reason:WTO rules have forced the developing countries to remove trade barriers.
8. Suppose the Indian government puts the tax on the import of toys from China, what would happen?
9. Which of the following has played a big role in organising production across the country?
10. A nation may put a limit on the amount of foreign goods imported by placing a _____ on these goods.
11. All _____ buy and sell goods.
12. Selected areas created and are equipped with world class facilities are called _____
13. Globalisation results in
14. NAFTA was made among _____
15. Globalisation has led to improvement in
16. _____ markets are a trait of the global economy.
17. What is the definition of globalisation in this chapter?
18. The Central and state governments in India have set up _____ to attract foreign companies to invest in India?
19. Which out of the following is an example of a trade barrier?
20. Liberalisation is _____
21. The reason due to which multinational companies set up their branches in other countries is
22. Special Economic Zones (SEZ) developed by the Government of India aim:
23. Cheaper imports, inadequate investment in infrastructure lead to
24. Mc Donald's is an example of a multinational corporation.
25. What is the advantage of spreading out production across borders for MNCs?
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