This quiz works best with JavaScript enabled. Home > Indian Economy > Global > Globalisation And The Indian Economy – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Globalisation And The Indian Economy Quiz 5 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following industries have been hard hit by foreign competition? A) Dairy products. B) Leather industry. C) Cloth industry. D) Vehicle industry. Show Answer Correct Answer: A) Dairy products. 2. Which sector has not benefited by the policy of globalisation? A) Agricultural sector. B) Manufacturing sector. C) Service sector. D) All the above. Show Answer Correct Answer: A) Agricultural sector. 3. Liberalization does not include A) Removing trade barriers. B) Liberal policies. C) Introducing quota system. D) Disinvestment. Show Answer Correct Answer: C) Introducing quota system. 4. A company that owns or controls production in more than one nation is called: A) Multinational corporation. B) Joint stock company. C) Global company. D) None of these. Show Answer Correct Answer: A) Multinational corporation. 5. ..... is the interconnection of the global economy. A) Global Studies. B) Global. C) Market. D) Globalization. Show Answer Correct Answer: D) Globalization. 6. Indian government felt the need for removing barriers on foreign trade and foreign investment in ..... A) 1990. B) 1991. C) 1992. D) 1993. Show Answer Correct Answer: B) 1991. 7. Investment means spending on ..... A) Land. B) Building. C) Machines. D) All of the above. Show Answer Correct Answer: D) All of the above. 8. Integration of markets means A) Wider choice of goods. B) Operating beyond the domestic markets. C) Price of the product tend to become equal. D) All the above. Show Answer Correct Answer: D) All the above. 9. The main reason behind MNCs investments are A) To benefit foreign countries. B) To provide financial support to the country's government. C) For the welfare of underprivileged people. D) To increase the assets and earn profits. Show Answer Correct Answer: D) To increase the assets and earn profits. 10. Tax on imports can be treated as A) Collateral. B) Trade Barriers. C) Foreign Trade. D) Terms of Trade. Show Answer Correct Answer: B) Trade Barriers. 11. An important factor causing globalisation is A) More income. B) Expansion of markets. C) Technological development. D) Urbanisation. Show Answer Correct Answer: C) Technological development. 12. Which among the following is NOT a factor that promote MNCs to set up their production unit? A) Proximity of market. B) Availability of labour. C) Favourable Government Policies. D) Trade barrier. Show Answer Correct Answer: D) Trade barrier. 13. Till which time period, production was organised within the countries? A) Middle of twentieth century. B) End of twentieth century. C) Starting of twentieth century. D) Till nineteenth century. Show Answer Correct Answer: A) Middle of twentieth century. 14. Globalisation is created by ..... A) Multinational Companies. B) Sharing of knowledge and technologies. C) Music and film. D) All of the responses. Show Answer Correct Answer: D) All of the responses. 15. Two factors that enabled Globalisation ..... A) Foreign Trade and Foreign Investment. B) World Trade organisation and Exports. C) Development in Technology and Liberalization of Foreign Trade. D) None of above. Show Answer Correct Answer: C) Development in Technology and Liberalization of Foreign Trade. 16. Globalisation will result in A) More competition among producers. B) Less competition among producers. C) No change in competition among producers. D) To generate income. Show Answer Correct Answer: A) More competition among producers. 17. Why all major multinationals are American, Japanese or European, such as Nike, Coca-Cola, Pepsi, Honda, Nokia.? A) They have much political influence in the world. B) They have huge sum of money to expand their production to other countries. C) They have many franchises that are supported by different governments. D) Their production coast is cheap because of advanced technology. Show Answer Correct Answer: B) They have huge sum of money to expand their production to other countries. 18. Mahindra & Mahindra an automobile company has a collaboration with which of the following MNC's A) BMW. B) Ford. C) Honda. D) Suzuki. Show Answer Correct Answer: B) Ford. 19. Investment by a person or company based in another country is called ..... A) Distribution. B) Economic interdependency. C) Foreign investment. D) Imports. Show Answer Correct Answer: C) Foreign investment. 20. Multinational corporations have succeeded in entering global markets through A) WTO. B) UNO. C) UNESCO. D) None of the above. Show Answer Correct Answer: A) WTO. ← 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 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