This quiz works best with JavaScript enabled. Home > Indian Economy > Global > Globalisation And The Indian Economy – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Globalisation And The Indian Economy Quiz 4 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Mc Donald's is an example of a multinational corporation. A) True. B) False. Show Answer Correct Answer: A) True. 2. Assertion(A):In India, the primary sector is the largest employer.Reason(R):The demand for services has increased enormously. A) Both A and R are true and R is the correct explanation of A. B) Both A and R are true and R 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 and R is not the correct explanation of A. 3. What was the main channel connecting countries in the past? A) Labour. B) Religion. C) Technology. D) Trade. Show Answer Correct Answer: D) Trade. 4. What is the advantage of spreading out production across borders for MNCs? A) It allows MNCs to tap into the advantages of large markets, lower production costs, and availability of resources in different countries. B) It enables MNCs to control production and exert influence on distant producers. C) It provides opportunities for interlinking production across countries. D) It allows MNCs to buy up local companies and expand production. Show Answer Correct Answer: A) It allows MNCs to tap into the advantages of large markets, lower production costs, and availability of resources in different countries. 5. When did the Indian Government introduced a policy of liberalisation known as 'New Economic Policy'? A) 1980. B) 2000. C) 1994. D) 1991. Show Answer Correct Answer: D) 1991. 6. Foreign trade creates an opportunity A) Producers can sell their produce not only in markets located within the country but can also compete in markets located in other countries of the world. B) For the buyers, import of goods produced in another country is one way of expanding the choice of goods, at cheaper price. C) Both are correct. D) None of the above. Show Answer Correct Answer: C) Both are correct. 7. When was the WTO established? A) 1985. B) 1995. C) 2000. D) 2005. Show Answer Correct Answer: B) 1995. 8. Globalization was stimulated by A) Money. B) Transportation. C) Population. D) Computers. Show Answer Correct Answer: B) Transportation. 9. MNCs do not increase A) Competition. B) Price war. C) Quality. D) None of the above. Show Answer Correct Answer: D) None of the above. 10. Examples of industries where production is carried out by a large number of small producers around the world. A) Garments. B) Footwear. C) Sports items. D) All of the above. Show Answer Correct Answer: D) All of the above. 11. Removing barriers or restrictions set by the government is what is known as ..... A) Liberalisation. B) Globalisation. C) Socialisation. D) None of the above. Show Answer Correct Answer: A) Liberalisation. 12. The money spent on buying assets such as land, building, machinery etc is known as A) Capital. B) Rent. C) Investment. D) Production. Show Answer Correct Answer: C) Investment. 13. The industrial zones which are set up to attract the foreign investment are known as ..... A) SIPCOT. B) Industrial Zone. C) Special Economic Zone. D) SISCO. Show Answer Correct Answer: C) Special Economic Zone. 14. MNCs bring with them the latest technology and Investment for production. A) True. B) False. Show Answer Correct Answer: A) True. 15. The primary driver of globalization is A) Natural resources. B) Technology. C) Communication. D) None of above. Show Answer Correct Answer: B) Technology. 16. To check the free flow of Chinese goods in the Indian markets, what the Indian government can do? A) Ban trade with China. B) Impose tax on imports. C) Impose tax on exports. D) Complain to UNO. Show Answer Correct Answer: B) Impose tax on imports. 17. What does outsourcing and offshoring mean for you? A) Nothing, USA will always be number one. B) We compete for our jobs with people all over the world. C) I get to own a boat. D) I get my own resources. Show Answer Correct Answer: B) We compete for our jobs with people all over the world. 18. The most common way to control production by MNCs is A) Set up production with the local company. B) Buy the local company. C) Place order for production with small producers. D) Compete with the local company. Show Answer Correct Answer: B) Buy the local company. 19. By 2006, how many countries were the members of the World Trade Organisation? A) 139. B) 149. C) 159. D) 169. Show Answer Correct Answer: B) 149. 20. What is the basic function of foreign trade? A) To create an opportunity for producers to reach beyond domestic markets and compete in markets located in other countries. B) To facilitate the integration of markets and the interlinking of production across countries. C) To provide consumers with a wide choice of goods and services. D) To attract foreign investment and promote economic development. Show Answer Correct Answer: A) To create an opportunity for producers to reach beyond domestic markets and compete in markets located in other 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 5Globalisation And The Indian Economy Quiz 6Globalisation And The Indian Economy Quiz 7Globalisation And The Indian Economy Quiz 8Globalisation And The Indian Economy Quiz 9Globalisation And The Indian Economy Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books