This quiz works best with JavaScript enabled. Home > Indian Economy > Global > Globalisation And The Indian Economy – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Globalisation And The Indian Economy Quiz 7 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which one of the following is a major benefit of joint production between a local company and a Multi-National Company? A) MNC can bring latest technology in the production. B) MNC can control the increase in the price. C) MNC can buy the local company. D) MNC can sell the products under their brand name. Show Answer Correct Answer: C) MNC can buy the local company. 2. Assertion(A):There are several goods and services that the society needs; however, the private sector does not produce all of them.Reason(R):Private sector is profit driven. 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) Assertion is true, but reason is false. D) Assertion is false, but reason is true. Show Answer Correct Answer: A) Both A and R are true and R is the correct explanation of A. 3. Countries impose restriction or barrier on foreign trade by ..... A) Applying High rate of interest. B) Banning import and export of certain goods. C) Banning trade with certain countries. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. Where do MNCs choose to set up production? A) Cheap goods. B) Cheap labour resources. C) Economic sustainability. D) None of these. Show Answer Correct Answer: B) Cheap labour resources. 5. In the past few years, WTO has influenced important decisions relating to trade and investments. Why? A) Demonstrated organised by asian countries. B) Massive campaigns and representation by people's organisations. C) Developing countries have created alternative solutions against MNCs. D) None of above. Show Answer Correct Answer: B) Massive campaigns and representation by people's organisations. 6. Selling of goods to any other country is called ..... A) Export. B) Import. C) Collateral. D) None of above. Show Answer Correct Answer: A) Export. 7. Globalisation leads to rapid movements of the following between countries: A) Goods and services. B) Investments. C) People. D) All the above. Show Answer Correct Answer: D) All the above. 8. The past two decades of globalisation has seen rapid movements in: A) Goods, services and people between countries. B) Goods, services and investments between countries. C) Goods, services and people between countries. D) None of the above. Show Answer Correct Answer: B) Goods, services and investments between countries. 9. An MNC is a company that owns or controls production in A) One country. B) More than one country. C) Only developing countries. D) Only developed countries. Show Answer Correct Answer: B) More than one country. 10. ..... technology has played a major role in spreading out production of services across countries. A) Transport. B) Information and communication. Show Answer Correct Answer: B) Information and communication. 11. SEZs are related from- A) Export Promotion. B) Education Promotion. C) Health Infrastructure. D) Defence Equipment. Show Answer Correct Answer: A) Export Promotion. 12. WTO aims at: A) Establishing rules for domestic trade. B) Restricting trade practices. C) Liberalising international trade. D) None of these. Show Answer Correct Answer: C) Liberalising international trade. 13. Which Indian company was bought over by Cargill Foods-a large American MNC? A) Amul. B) Britannia. C) Agro Tech Foods Ltd. D) Parakh Foods. Show Answer Correct Answer: D) Parakh Foods. 14. Foreign Trade A) Increases choice of goods. B) Decreases prices of goods. C) Increases competition in the market. D) Decreases earnings. Show Answer Correct Answer: D) Decreases earnings. 15. Ford Motors entered the Indian automobile business in collaboration with which Indian manufacturer? A) Mahindra and Mahindra. B) Tata Motors. C) Maruti Suzuki. D) Hindustan Motors. Show Answer Correct Answer: A) Mahindra and Mahindra. 16. Choose the incorrect statement. A) MNCs have increased their investments in India over the past 20 years, which means investing in India has been beneficial for them. B) Globalisation and greater competition among producers-both local and foreign producers-has been of advantage to consumers, particularly the well-off sections in the urban areas. C) Government has also allowed flexibility in the labour laws to attract foreign investment. D) Several of the top Indian companies have been able to drawback from the increased competition. They have invested in newer technology and production methods and raised their production standards. Show Answer Correct Answer: D) Several of the top Indian companies have been able to drawback from the increased competition. They have invested in newer technology and production methods and raised their production standards. 17. What are the positive impact of Liberalisation? A) Increase in GDP. B) Increase in Production. C) Technological Advancement. D) Increase in foreign Investment. E) All of these. Show Answer Correct Answer: E) All of these. 18. This aspect of globalization focuses on the exchange of goods and services. A) Economic. B) Political. C) Socio-cultural. D) None of above. Show Answer Correct Answer: A) Economic. 19. The main aim of World Trade Organisation is ..... A) To liberalise international trade. B) To increase the export. C) To increase the import. D) To increase the unity between the countries. Show Answer Correct Answer: A) To liberalise international trade. 20. Which of the following is an example of Trade Barrier? A) Tax on Imports. B) Custom Duty. C) Transit Permits. D) All of the above. Show Answer Correct Answer: D) All of the above. ← 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 8Globalisation And The Indian Economy Quiz 9Globalisation And The Indian Economy Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books