This quiz works best with JavaScript enabled. Home > Indian Economy > Global > Globalisation And The Indian Economy – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Globalisation And The Indian Economy Quiz 9 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What function do the World Bank and International Monetary Fund serve? A) Give loans to developing countries. B) Subsidize global corporations. C) Act as a slush fund for international politicians. D) Finance refugee operations and relief efforts. Show Answer Correct Answer: A) Give loans to developing countries. 2. Why did the Indian Government restricted foreign trade after independence? A) To protect domestic producers. B) To increase competition. C) To know the international level of quality. D) All of the above. Show Answer Correct Answer: A) To protect domestic producers. 3. Which one among the following is a far reaching change in the policy made in India in 1991? A) Removing barriers or restrictions set by the government which is known as liberalisation. B) Put barriers to foreign trade and foreign investments. C) Restrictions set by the government to protect the producers within the country from foreign competition. D) By giving protection to domestic producers through a variety of means. Show Answer Correct Answer: A) Removing barriers or restrictions set by the government which is known as liberalisation. 4. What is the aim of World Trade Organisation (WTO)? A) To promote Health facilities. B) To liberalize International Trade. C) Domestic infrastructure. D) To Increase Literacy. Show Answer Correct Answer: B) To liberalize International Trade. 5. Benefits enjoyed by companies who set up production units in the SEZs are: A) They do not have to pay taxes for some years. B) Reduction in excise duty. C) Reduced tariffs and barriers. D) None of the above. Show Answer Correct Answer: A) They do not have to pay taxes for some years. 6. Which one of the following refers to investment? A) The money spent on religious ceremonies. B) The money spent on social customs. C) The money spent to buy assets such as land. D) The money spent on household goods. Show Answer Correct Answer: C) The money spent to buy assets such as land. 7. Which organisations strain on the liberalisation of foreign investment and foreign trade? A) International Monetary Fund. B) World Health Organisation. C) World Trade Organisation. D) International Labour Organisation. Show Answer Correct Answer: C) World Trade Organisation. 8. Globalisation by connecting countries leads to: A) Lesser competition among producers. B) Greater competition among producers. C) No competition between producers. D) None of these. Show Answer Correct Answer: B) Greater competition among producers. 9. In which year Indian Government announced New Economic Policy (NEP) A) 1991. B) 2001. C) 2011. D) 1981. Show Answer Correct Answer: A) 1991. 10. What factor is considered by MNC before establishing the plant in another nation A) Skilled and semi skilled labours at low cost. B) Availability of resource such as raw materials. C) Governmental Policies. D) All of these. Show Answer Correct Answer: D) All of these. 11. Which of the following is a barrier on international trade? A) Tax on import. B) Tax on local trade. C) Quality control tax. D) Sales tax. Show Answer Correct Answer: A) Tax on import. 12. Which one of the following categories refers to investment? A) The money that is spent to buy assets such as land, building, machines, etc. B) The money that is spent on religious ceremonies. C) The money that is spent on social customs. D) The money that is spent on household goods. Show Answer Correct Answer: A) The money that is spent to buy assets such as land, building, machines, etc. 13. 'Increase in GNP' is a positive impact of liberalisation A) True. B) False. Show Answer Correct Answer: A) True. 14. Globalisation has led to degradation of living conditions: A) Of all the people. B) Of people in the developed countries. C) Of workers in the developing countries. D) None of the above. Show Answer Correct Answer: C) Of workers in the developing countries. 15. Globalisation is a process of rapid ..... or ..... between the countries. A) Integration or interconnection. B) Intersection or interrelation. C) Interaction or intermingling. D) None of above. Show Answer Correct Answer: A) Integration or interconnection. 16. Cargill Food's is the largest producer of which of the following in India? A) Medicines. B) Asian Paints. C) Edible oil. D) Garments. Show Answer Correct Answer: C) Edible oil. 17. Which among the following are factors that enabled globalisation? A) Improvement in transport technology. B) Development of information and communication technology. C) Liberalisation. D) All of the above. Show Answer Correct Answer: D) All of the above. 18. What will happen if the government fails to provide 100 days employment under MGNREGA? A) No extra benefit will be given. B) The officer-in-charge will be punished. C) Unemployment allowance will be given. D) Food grains will be provided. Show Answer Correct Answer: C) Unemployment allowance will be given. 19. How do MNCs spread their production to other countries? A) By setting up partnerships with local companies, using local companies for supplies, competing with local companies, or buying them up. B) By dividing the production process into small parts and spreading it across the globe. C) By placing orders for production with small producers in developing countries. D) By investing in foreign countries and setting up factories and offices for production. Show Answer Correct Answer: A) By setting up partnerships with local companies, using local companies for supplies, competing with local companies, or buying them up. 20. ..... have been a Major force in the globalisation process connecting distant regions of the world? A) Traders. B) International companies. C) MNCs. D) Business houses. Show Answer Correct Answer: C) MNCs. ← 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 8Globalisation And The Indian Economy Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books