This quiz works best with JavaScript enabled. Home > Indian Economy > Global > Globalisation And The Indian Economy – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Globalisation And The Indian Economy Quiz 8 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What was the main channel connecting countries in the past? How is it different now? A) By sea routes; By air routes. B) By land routes; By sea routes. C) By air routes; By land routes. D) By rail routes; By sea routes. Show Answer Correct Answer: A) By sea routes; By air routes. 2. A SECONDARY 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: A) An industry that converts raw materials into commodities and products for the consumer. 3. Removing barriers or restrictions set by the government is known as A) Globalisation. B) Privatisation. C) Liberalisation. D) None of above. Show Answer Correct Answer: C) Liberalisation. 4. Small Scale industries face competition from A) Rising prices. B) Cheap imports. C) Exports. D) Subsidy. Show Answer Correct Answer: B) Cheap imports. 5. What is the main motive behind the investments of MNCs? A) The main motive is to increase their assets and earn profits. B) The main motive is the welfare of the poor people. C) The main motive of an MNCs 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 profits. 6. This aspect of globalization focuses on the distribution of ideas and way of life. A) Economic. B) Political. C) Socio-cultural. D) None of above. Show Answer Correct Answer: C) Socio-cultural. 7. Which one of the following has benefited least because of globalisation in India?. A) Agriculture Sector. B) Industrial Sector. C) Service Sector. D) Secondary Sector. Show Answer Correct Answer: A) Agriculture Sector. 8. New Economic policy was initiated in the year. A) 1991. B) 1990. C) 1988. D) 1980. Show Answer Correct Answer: A) 1991. 9. Ehich benefits enjoyed by a local company in a joint production with a MNC- A) Additional investment. B) Latest technology. C) International market. D) All of these. Show Answer Correct Answer: D) All of these. 10. 'The impact of Globalisation has not been fair.' Who among the following people have not benefitted from globalisation? A) Well off consumers. B) Small producers and workers. C) Skilled and educated producers. D) Large wealthy producers. Show Answer Correct Answer: B) Small producers and workers. 11. Foreign trade connects the markets A) In the country. B) Among neighbouring countries. C) Between two countries. D) In different countries. Show Answer Correct Answer: D) In different countries. 12. A law firm is an example of ..... A) Primary Industry. B) Secondary Industry. C) Tertiary Industry. D) Quaternary Industry. Show Answer Correct Answer: C) Tertiary Industry. 13. BPOs have benefited growth of: A) Local companies. B) National companies. C) MNCs. D) None of these. Show Answer Correct Answer: C) MNCs. 14. Which one of the following organizations lay stress on liberalization of foreign trade and foreign investment? A) International Monetary Fund. B) International Labour Organisation. C) World Health Organisation. D) World Trade Organization. Show Answer Correct Answer: D) World Trade Organization. 15. This helps to create an opportunity for the producers to reach beyond the domestic market A) Foreign trade. B) Domestic trade. C) Internal trade. D) Trade barrier. Show Answer Correct Answer: A) Foreign trade. 16. Assertion(A):Leela works five days a week, receives her income on the last day of each month and gets medical facilities from her firm.Reason(R):Leela is working in the organized sector. 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. 17. MNCs are investing in India because of ..... A) The cheaper production costs. B) Plenty of raw materials. C) Good government policies. D) None of above. Show Answer Correct Answer: A) The cheaper production costs. 18. Which one of the following organisations lay stress on liberalisation of foreign trade and foreign investment? A) International Monetary Fund. B) International Labour Organisation. C) World Health Organisation. D) World Trade Organisation. Show Answer Correct Answer: D) World Trade Organisation. 19. Which factor might attract a multinational corporation to a country? A) Good tourist attractions. B) Cheap raw materials. C) High average monthly wage. D) None of above. Show Answer Correct Answer: B) Cheap raw materials. 20. True or False Globalisation is created by TRADE. A) True. B) False. Show Answer Correct Answer: A) True. ← 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 7Globalisation And The Indian Economy Quiz 9Globalisation And The Indian Economy Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books