This quiz works best with JavaScript enabled. Home > Indian Economy > Global > Globalisation And The Indian Economy – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Globalisation And The Indian Economy Quiz 11 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which among the following is an example for Indian based MNCs. A) Emaar Properties. B) Adidas. C) Bajaj. D) Mc Donald. Show Answer Correct Answer: C) Bajaj. 2. A TERTIARY Industry is ..... A) An industry that converts raw materials into commodities and products for the consumer. B) An industry that is concerned with obtaining or providing natural raw materials. C) An industry that is concerned with the provision of services. D) An industry concerned with providing information services. Show Answer Correct Answer: C) An industry that is concerned with the provision of services. 3. The state of being over weight A) Diet. B) Obesit. C) Food miles. D) Ingre. Show Answer Correct Answer: B) Obesit. 4. Name the organisation that was formed by the initiative of some developed countries ..... A) Trade Union Organisation. B) Earth Summit. C) World Trade Organisation. D) None of above. Show Answer Correct Answer: C) World Trade Organisation. 5. Nations trade internationally to increase their ..... ? A) Wants. B) Needs. C) Ideas. D) Wealth. Show Answer Correct Answer: D) Wealth. 6. One of the cause for imposing trade barrier ..... A) To protect local small manufacturers. B) To encourage investment of MNC. C) To encourage foreign import. D) None of above. Show Answer Correct Answer: A) To protect local small manufacturers. 7. Which organisation supports liberalisation of foreign trade and investments in India? A) International Labour Organisation (ILO). B) World Bank. C) World Trade Organisation (WTO). D) International Monetary Fund (IMF). Show Answer Correct Answer: C) World Trade Organisation (WTO). 8. Ford Motors set up its first plant in India at: A) Kolkata. B) Mumbai. C) Chennai. D) Delhi. Show Answer Correct Answer: C) Chennai. 9. Globalisation provides A) Choice of goods and services. B) Competitive price. C) Better quality. D) All of the above. Show Answer Correct Answer: D) All of the above. 10. WTO stands for A) World Tennis Organization. B) World Trade Office. C) World Trade Organization. D) World Trade center. Show Answer Correct Answer: C) World Trade Organization. 11. Indian Government put barrier to foreign trade and investment after independence to save domestic producers. A) True. B) False. Show Answer Correct Answer: A) True. 12. Process of integration of different countries is called A) Liberalization. B) Privatization. C) Globalization. D) None of above. Show Answer Correct Answer: C) Globalization. 13. Liberalisation refers to A) Freeing the economy from direct control. B) Putting an end to various restrictions. C) Opening up the economy. D) All the above. Show Answer Correct Answer: D) All the above. 14. The main objective of World Trade Organisation is to ..... A) No restrictions on import or export. B) Allow meeting of producers and consumers. C) Create environment suitable for trade. D) None of above. Show Answer Correct Answer: A) No restrictions on import or export. 15. Distinguish between foreign trade and foreign investment. A) Foreign trade involves the exchange of goods and services between countries, while foreign investment involves the investment of capital in a foreign country. B) Foreign trade involves the investment of capital in a foreign country, while foreign investment involves the exchange of goods and services between countries. C) Foreign trade and foreign investment are the same thing. D) Foreign trade and foreign investment are unrelated. Show Answer Correct Answer: A) Foreign trade involves the exchange of goods and services between countries, while foreign investment involves the investment of capital in a foreign country. 16. Money that is spent to buy assets such as land, building, machines and other equipments is called ..... A) Export. B) Import. C) Investment. D) Infrastructure. Show Answer Correct Answer: C) Investment. 17. How many countries of the world are currently members of the WTO? A) 164. B) 167. C) 155. D) 132. Show Answer Correct Answer: A) 164. 18. What attracts an MNC? A) A-Cheap labour. B) B-Ready demand for the product. C) Both (a) and (b). D) None of the above. Show Answer Correct Answer: C) Both (a) and (b). 19. For participating countries, what did NAFTA call for? A) A challenge to U.S. economic leadership. B) The development of a single currency. C) Removal of environmental controls. D) The gradual removal of trade restrictions. Show Answer Correct Answer: D) The gradual removal of trade restrictions. 20. Globalisation so far has been more in favour of: A) Developed countries. B) Developing countries. C) Poor countries. D) None of the above. Show Answer Correct Answer: A) Developed countries. ← 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