This quiz works best with JavaScript enabled. Home > Indian Economy > Global > Globalisation And The Indian Economy – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Globalisation And The Indian Economy Quiz 10 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Infosys (IT) and TATA Motors (Automobile) are examples of Indian- A) Domestic Companies. B) Local Companies. C) Multi Sectoral Companies. D) Multinational Corporations (MNCs). Show Answer Correct Answer: D) Multinational Corporations (MNCs). 2. Globalization has led to a ..... variety of goods. A) Lesser. B) Smaller. C) Wider. D) Restricted. Show Answer Correct Answer: C) Wider. 3. A commodity, article or service brought in from abroad for sale is known as ..... A) Export. B) Import. Show Answer Correct Answer: B) Import. 4. What is the principle of comparative advantage best described as governing? A) Developed countries. B) Multinational conglomerates. C) The WTO. D) International trade. Show Answer Correct Answer: D) International trade. 5. Which has played a big role in spreading globalisation? A) A-Information technology (IT). B) B-Transport technology. C) Both (a) and (b). D) None of the above. Show Answer Correct Answer: C) Both (a) and (b). 6. What is monopoly? A) Board game. B) Control of supply of or trade of commodity or service. C) Being rich. D) Taking control. Show Answer Correct Answer: B) Control of supply of or trade of commodity or service. 7. Special economic zones are being set up to attract A) Foreign tourists. B) Foreign investment. C) Foreign goods and services. D) Foreign policies. Show Answer Correct Answer: B) Foreign investment. 8. What has contributed to the rise in the global flow of information? A) Natural Resources. B) Capital. C) Money. D) New technology. Show Answer Correct Answer: D) New technology. 9. Which of the following is a cost of international trade? A) New Jobs. B) More Products. C) Loss of Jobs. D) Lower Prices. Show Answer Correct Answer: C) Loss of Jobs. 10. The worldwide spread of culture, economics, and technology A) Culturization. B) Urbanization. C) Globalization. D) Environmentalism. Show Answer Correct Answer: C) Globalization. 11. In developing countries like Nepal and Nigeria, which sector do most people work in? A) Primary Sector. B) Secondary Sector. C) Tertiary Sector. D) Quaternary. Show Answer Correct Answer: A) Primary Sector. 12. In the question given below, there are two statements marked as Assertion (A) and Reason (R).Read the statements and choose the correct option:Assertion:MNCs set up factories and offices for production in other countriesReason:It is to set up jointly with some of the local companies of different countries. A) Both A and R. are true and R is the correct explanation of A. B) Both A and R are true, but It is not the correct explanation of A. C) A is true but R is false. D) A is false but R is true. Show Answer Correct Answer: B) Both A and R are true, but It is not the correct explanation of A. 13. Which of the following contributes to globalization? A) External trade. B) Internal trade. C) Large scale trade. D) Small scale trade. Show Answer Correct Answer: A) External trade. 14. A large company that owns or controls production in more than one nation is nation is called a- A) Multinational Corporation. B) Self Help Group. C) Global Companies. D) Non Government Organisation. Show Answer Correct Answer: A) Multinational Corporation. 15. Choose the reason for which MNCs attracted to India for investments. A) India has educated English speaking people. B) India has skilled professionals. C) India has lot of natural resources. D) All of the above. Show Answer Correct Answer: D) All of the above. 16. How will the import of steel from India into the Chinese markets lead to integration of markets for steel in the two countries? Explain. A) The import of steel from India will increase competition in the Chinese markets, leading to a convergence of prices and a greater exchange of steel between the two countries. B) The import of steel from India will decrease competition in the Chinese markets, leading to a divergence of prices and a decrease in the exchange of steel between the two countries. C) The import of steel from India will have no effect on the integration of markets for steel in the two countries. D) The import of steel from India will lead to the complete separation of markets for steel in the two countries. Show Answer Correct Answer: A) The import of steel from India will increase competition in the Chinese markets, leading to a convergence of prices and a greater exchange of steel between the two countries. 17. Which steps are treated as trade barriers- A) Decrease in foreign trade. B) Decision regarding what kind of goods imported. C) Decision regarding How much of goods imported. D) All of these. Show Answer Correct Answer: D) All of these. 18. One major government initiative to attract foreign companies to invest in India is: A) To raise the standard of education. B) To promote unemployment in the public sector. C) To build special economic zones. D) Both (a) and (c). Show Answer Correct Answer: C) To build special economic zones. 19. Deregulation of Industries is a feature of economic reforms introduce in 1991 in India. A) True. B) False. C) None of these. D) None of above. Show Answer Correct Answer: A) True. 20. Companies who set up production units in the Special Economic Zones (SEZs) do not have to pay taxes for an initial period of: A) 10 years. B) 3 years. C) 5 years. D) 8 years. Show Answer Correct Answer: C) 5 years. ← PreviousNext →Related QuizzesIndian Economy QuizzesGlobalisation And The Indian Economy Quiz 1Globalisation And The Indian Economy Quiz 2Globalisation And The Indian Economy Quiz 3Globalisation And The Indian Economy Quiz 4Globalisation And The Indian Economy Quiz 5Globalisation And The Indian Economy Quiz 6Globalisation And The Indian Economy Quiz 7Globalisation And The Indian Economy Quiz 8Globalisation And The Indian Economy Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books