This quiz works best with JavaScript enabled. Home > Indian Economy > Globalisation And The Indian Economy – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Globalisation And The Indian Economy Quiz 11 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which has played a big role in spreading globalisation? A) A-Information technology (IT). B) B-Transport technology. C) Both (a) and (b). D) None of the above. Show Answer Correct Answer: C) Both (a) and (b). 2. What is monopoly? A) Board game. B) Control of supply of or trade of commodity or service. C) Being rich. D) Taking control. Show Answer Correct Answer: B) Control of supply of or trade of commodity or service. 3. Special economic zones are being set up to attract A) Foreign tourists. B) Foreign investment. C) Foreign goods and services. D) Foreign policies. Show Answer Correct Answer: B) Foreign investment. 4. What has contributed to the rise in the global flow of information? A) Natural Resources. B) Capital. C) Money. D) New technology. Show Answer Correct Answer: D) New technology. 5. Which of the following is a cost of international trade? A) New Jobs. B) More Products. C) Loss of Jobs. D) Lower Prices. Show Answer Correct Answer: C) Loss of Jobs. 6. The worldwide spread of culture, economics, and technology A) Culturization. B) Urbanization. C) Globalization. D) Environmentalism. Show Answer Correct Answer: C) Globalization. 7. In developing countries like Nepal and Nigeria, which sector do most people work in? A) Primary Sector. B) Secondary Sector. C) Tertiary Sector. D) Quaternary. Show Answer Correct Answer: A) Primary Sector. 8. In the question given below, there are two statements marked as Assertion (A) and Reason (R).Read the statements and choose the correct option:Assertion:MNCs set up factories and offices for production in other countriesReason:It is to set up jointly with some of the local companies of different countries. A) Both A and R. are true and R is the correct explanation of A. B) Both A and R are true, but It is not the correct explanation of A. C) A is true but R is false. D) A is false but R is true. Show Answer Correct Answer: B) Both A and R are true, but It is not the correct explanation of A. 9. Which of the following contributes to globalization? A) External trade. B) Internal trade. C) Large scale trade. D) Small scale trade. Show Answer Correct Answer: A) External trade. 10. A large company that owns or controls production in more than one nation is nation is called a- A) Multinational Corporation. B) Self Help Group. C) Global Companies. D) Non Government Organisation. Show Answer Correct Answer: A) Multinational Corporation. 11. Choose the reason for which MNCs attracted to India for investments. A) India has educated English speaking people. B) India has skilled professionals. C) India has lot of natural resources. D) All of the above. Show Answer Correct Answer: D) All of the above. 12. How will the import of steel from India into the Chinese markets lead to integration of markets for steel in the two countries? Explain. A) The import of steel from India will increase competition in the Chinese markets, leading to a convergence of prices and a greater exchange of steel between the two countries. B) The import of steel from India will decrease competition in the Chinese markets, leading to a divergence of prices and a decrease in the exchange of steel between the two countries. C) The import of steel from India will have no effect on the integration of markets for steel in the two countries. D) The import of steel from India will lead to the complete separation of markets for steel in the two countries. Show Answer Correct Answer: A) The import of steel from India will increase competition in the Chinese markets, leading to a convergence of prices and a greater exchange of steel between the two countries. 13. Which steps are treated as trade barriers- A) Decrease in foreign trade. B) Decision regarding what kind of goods imported. C) Decision regarding How much of goods imported. D) All of these. Show Answer Correct Answer: D) All of these. 14. One major government initiative to attract foreign companies to invest in India is: A) To raise the standard of education. B) To promote unemployment in the public sector. C) To build special economic zones. D) Both (a) and (c). Show Answer Correct Answer: C) To build special economic zones. 15. Deregulation of Industries is a feature of economic reforms introduce in 1991 in India. A) True. B) False. C) None of these. D) None of above. Show Answer Correct Answer: A) True. 16. Companies who set up production units in the Special Economic Zones (SEZs) do not have to pay taxes for an initial period of: A) 10 years. B) 3 years. C) 5 years. D) 8 years. Show Answer Correct Answer: C) 5 years. 17. Which among the following is an example for Indian based MNCs. A) Emaar Properties. B) Adidas. C) Bajaj. D) Mc Donald. Show Answer Correct Answer: C) Bajaj. 18. A TERTIARY 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: C) An industry that is concerned with the provision of services. 19. The state of being over weight A) Diet. B) Obesit. C) Food miles. D) Ingre. Show Answer Correct Answer: B) Obesit. 20. Name the organisation that was formed by the initiative of some developed countries ..... A) Trade Union Organisation. B) Earth Summit. C) World Trade Organisation. D) None of above. Show Answer Correct Answer: C) World Trade Organisation. ← PreviousNext →Related 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 9Globalisation And The Indian Economy Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books