This quiz works best with JavaScript enabled. Home > Indian Economy > Global > Globalisation And The Indian Economy – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Globalisation And The Indian Economy Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What are the advantages of globalisation? A) Improvement in technology. B) Competition among producers. C) Creation of new job opportunities. D) Availability of international market. E) All of these. Show Answer Correct Answer: E) All of these. 2. Entry of MNCs in a domestic market may prove harmful for A) All large scale producers. B) All domestic producers. C) All substandard domestic producers. D) All small-scale producers. Show Answer Correct Answer: D) All small-scale producers. 3. Which organization provides loans to developing countries for capital projects? A) The IMF. B) The WTO. C) The GATT. D) The World Bank. Show Answer Correct Answer: D) The World Bank. 4. What is the main motive behind the investment of MNCs? A) The main motive is to increase their assets and earn profit. B) The main motive is the welfare of the poor people. C) The main motive of an MNC is is to offer financial support to the Government of their country. D) The main motive is to benefit foreign countries. Show Answer Correct Answer: A) The main motive is to increase their assets and earn profit. 5. FDI (Foreign Direct Investment) attracted by globalisation in India belongs to the A) World Bank. B) Multinationals. C) Foreign governments. D) None of the above. Show Answer Correct Answer: B) Multinationals. 6. When did the government remove the barriers for investment and investment in India? A) 1990. B) 1991. C) 1950. D) 1999. Show Answer Correct Answer: B) 1991. 7. Which of the following is a 'barrier' on foreign trade? A) Tax on import. B) Quality control. C) Sales tax. D) Tax on local trade. Show Answer Correct Answer: A) Tax on import. 8. International trade is an important part of globalisation because ..... A) It allows for countries to share technology and resources. B) It provides raw materials for countries to create products. C) It allows for countries to have trade partnerships with strengthens relationships between countries. D) All of the responses. Show Answer Correct Answer: D) All of the responses. 9. Which organisation support liberalisation of foreign trade and investment in India? A) International labour organisation (ILO). B) World Bank. C) World Trade organisation. D) International monetary fund. Show Answer Correct Answer: C) World Trade organisation. 10. Fill in the blank. Globalization is the result of several factors. Advances in communication & transportation have played a big part. Another major factor is the movement toward " ..... " A) Free trade. B) Distribution. C) Multinational corporation. D) Imports. Show Answer Correct Answer: A) Free trade. 11. Any substance that makes a spectacular dish A) Food miles. B) Ingre. C) Diet. D) Freshness. Show Answer Correct Answer: B) Ingre. 12. It refers to the globalisation which creates opportunities for all and ensures that its benefits are better shared. A) Privatisation. B) Special Economic Zones (SEZs). C) World Trade Organisation (WTO). D) Fair globalisation. Show Answer Correct Answer: D) Fair globalisation. 13. The process of rapid integration or interconnection between countries through free trade, free mobility of capital and labour is called A) Foreign trade. B) Liberalisation. C) Globalisation. D) Privatisation. Show Answer Correct Answer: C) Globalisation. 14. How is a tariff best described? A) A tax on imports. B) A violation of human rights. C) Comparative Advantage. D) Contributing to a favorable balance of trade. Show Answer Correct Answer: A) A tax on imports. 15. According to Friedman (2005), this phase continues to spread globalization due to technologies like fiber-optic network. A) Globalization 1.0. B) Globalization 2.0. C) Globalization 3.0. D) None of above. Show Answer Correct Answer: C) Globalization 3.0. 16. Production of services across countries has been facilitated by A) Money. B) Machine. C) Labour. D) Information and communication technology. Show Answer Correct Answer: D) Information and communication technology. 17. Globalization is not supported by A) Privatization. B) Liberalization. C) Information and communication technology. D) None of these. Show Answer Correct Answer: D) None of these. 18. What is the role of MNCs in the globalisation process? A) MNCs play a major role in promoting globalisation by investing in foreign countries, establishing production facilities, and facilitating the exchange of goods and services between countries. B) MNCs have no role in the globalisation process. C) MNCs hinder the globalisation process by creating trade barriers and restricting the flow of goods and services between countries. D) MNCs only benefit from the globalisation process without contributing to it. Show Answer Correct Answer: A) MNCs play a major role in promoting globalisation by investing in foreign countries, establishing production facilities, and facilitating the exchange of goods and services between countries. 19. Which of the following contributes to globalisation? A) Internal trade. B) External trade. C) Large scale trade. D) Small scale trade. Show Answer Correct Answer: B) External trade. 20. Which one of the following is not true regarding the World Trade Organisation? A) It allows free trade to all countries without any trade barriers. B) Its aim is to liberalise international trade. C) It establishes rules regarding internaional trade. D) WTO rules have forced the developing countries to remove trade barriers. Show Answer Correct Answer: A) It allows free trade to all countries without any trade barriers. ← 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 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