This quiz works best with JavaScript enabled. Home > Indian Economy > Global > Globalisation And The Indian Economy – Quiz 12 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Globalisation And The Indian Economy Quiz 12 (18 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which one of the following is not true regarding impact of globalisation of India? A) It has created jobs in the service sector. B) People with education, skill and wealth have not been benefited. C) Benefits of globalisation are not shared equally. D) Labour laws are not implemented properly and workers are denied their rights. Show Answer Correct Answer: D) Labour laws are not implemented properly and workers are denied their rights. 2. MNC is a company A) That owns or controls production in more than one nation. B) That owns or controls production in one nation. C) That owns or controls production outside the nation. D) All the above. Show Answer Correct Answer: A) That owns or controls production in more than one nation. 3. Which is not a benefit of global trade? A) Countries obtain things that they may not normally produce. B) Increased competition with other countries. C) Technology lowers the cost of production. D) Sell things to more people in other countries. Show Answer Correct Answer: B) Increased competition with other countries. 4. Globalisation is the ..... A) The process by which the world is becoming increasingly disconnected. B) Process by which the world is becoming increasingly interconnected. C) Connection created by the United Nations. D) Connection created only by the internet. Show Answer Correct Answer: B) Process by which the world is becoming increasingly interconnected. 5. UNDER WHICH GOVERNMENT LIBERALISATION WAS INTRODUCED IN INDIA? A) BJP GOVERNMENT. B) CONGRESS GOVERNMENT. C) NATIONAL FRONT GOVERNMENT. D) CPI GOVERNMENT. Show Answer Correct Answer: B) CONGRESS GOVERNMENT. 6. What is full form Of SEZ A) Security Expert Zone. B) Special Economic Zone. C) Surrounding Extraordinary Zone. D) Secret Export Zone. Show Answer Correct Answer: B) Special Economic Zone. 7. Investment made by MNCs is called A) Investment. B) Foreign Trade. C) Foreign Investment. D) None of above. Show Answer Correct Answer: C) Foreign Investment. 8. What are the factors that have facilitated globalisation? A) Rapid improvements in technology, liberalisation of trade and investment policies, and pressures from international organisations. B) The integration of production and markets, and the role of MNCs. C) The impact of globalisation on the development process. D) The examples and activities drawn from the local environment. Show Answer Correct Answer: A) Rapid improvements in technology, liberalisation of trade and investment policies, and pressures from international organisations. 9. In 1991 Government of India adopted New Economic Policy and remove barriers on foreign trade and investment. A) False. B) True. C) None of these. D) None of above. Show Answer Correct Answer: B) True. 10. Which one of the following Indian industries has been hit hard by globalisation? A) Soft drinks. B) Automobiles. C) Electronics. D) Toy. Show Answer Correct Answer: D) Toy. 11. A situation in which all the countries reap equally the benefits of foreign trades equally is known as A) Internationalisation. B) Fair Globalisation. C) Liberalisation. D) Equal Globalisation. Show Answer Correct Answer: B) Fair Globalisation. 12. This aspect of globalization focuses on the relationship of countries among each other and the increasing influence of international organizations ..... A) Economic. B) Political. C) Socio-cultural. D) None of above. Show Answer Correct Answer: B) Political. 13. The ability of a country to produce a product at a lower cost than another country is called ..... A) Free trade. B) Comparative Advantage. C) Balance of trade. D) Import quota. Show Answer Correct Answer: B) Comparative Advantage. 14. Which country led the exploration during Globalization 1.0? A) USA and Canada. B) United Kingdom and Germany. C) Spain and Portugal. D) None of above. Show Answer Correct Answer: C) Spain and Portugal. 15. MNCs bring advanced technologies and modern managerial skills and thus help in technological up-gradation of the companies of developing countries. A) True. B) False. Show Answer Correct Answer: A) True. 16. Investments made in a country by Multi National Companies is called ..... A) Internal Investment. B) Local Investment. C) Foreign Investment. D) None of above. Show Answer Correct Answer: C) Foreign Investment. 17. A PRIMARY 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: B) An industry that is concerned with obtaining or providing natural raw materials. 18. Which of the following is an example of Spreading of Production by an MNC across the globe A) Producing industrial equipment, designs its products in research centres in the United States. B) China provides the advantage of being a cheap manufacturing location. C) The company's customer care is carried out through call centres located in India. D) Mexico and Eastern Europe where the products are assembled and the finished products are sold all over the world. E) All of the above. Show Answer Correct Answer: E) All of the above. ← PreviousRelated 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