This quiz works best with JavaScript enabled. Home > Indian Economy > Globalisation And The Indian Economy – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Globalisation And The Indian Economy Quiz 3 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Fisheries is an example of ..... A) Primary Industry. B) Secondary Industry. C) Tertiary Industry. D) Quaternary Industry. Show Answer Correct Answer: A) Primary Industry. 2. "MNCs keep in mind certain factors before setting up production" . Identify the incorrect option from the choices given below A) Proximity to markets. B) Availability of cheap skilled and unskilled labour. C) Favourable government policies. D) Presence of a large number of local competitors. Show Answer Correct Answer: D) Presence of a large number of local competitors. 3. Fair Globalisation in WTO is a fight against A) Dissimilarity in interests. B) Domination of developed countries. C) Implementation of tax. D) Developing countries. Show Answer Correct Answer: B) Domination of developed countries. 4. Which one of the following is not characteristic of' Special Economic Zone'? A) They do not have to pay taxes at all. B) Government has allowed flexibility in labour laws. C) They have world class facilities. D) Government allows flexibiilty of labour laws. Show Answer Correct Answer: A) They do not have to pay taxes at all. 5. If tax is imposed on Chinese toys, what will happen? A) Chinese toy-makers will benefit. B) Indian toy-makers will prosper. C) Chinese toys will remain cheap. D) Indian consumers will buy more Chinese toys. Show Answer Correct Answer: B) Indian toy-makers will prosper. 6. The Central and state governments in India have set up ..... to attract foreign companies to invest in India? A) Special investment zones. B) Special economic zones. C) Special business zones. D) Special trade zones. Show Answer Correct Answer: B) Special economic zones. 7. ..... refers to exchange of goods, i.e., purchase and sale, across geographical boundaries of the countries. A) Trade. B) Foreign trade. C) Local trade. D) State trade. Show Answer Correct Answer: B) Foreign trade. 8. Cotton cultivation falls under ..... sector. A) Service sector. B) Tertiary. C) Primary. D) Government. Show Answer Correct Answer: C) Primary. 9. Which one of the following is not characteristic of'Special Economic Zone'? A) They do not have to pay taxes for long period. B) Government has allowed flexibility in labour laws. C) They have world class facilities. D) They do not have to pay taxes for an initial period of five years. Show Answer Correct Answer: A) They do not have to pay taxes for long period. 10. Tax on imports is an example of A) Terms of trade. B) Collateral. C) Trade barriers. D) None of above. Show Answer Correct Answer: C) Trade barriers. 11. The most common route for investments by MNCs in countries around the world is to A) Set up new factories. B) Buy existing local companies. C) Form partnerships with local companies. D) None of the above. Show Answer Correct Answer: B) Buy existing local companies. 12. Which out of the following is an example of a trade barrier? A) Foreign investment. B) Delay or damage of goods. C) Tax on imports. D) None of these. Show Answer Correct Answer: C) Tax on imports. 13. Liberalisation is ..... A) More trade. B) Removing barriers or restrictions set by the government. C) Checking barriers by the government. D) Help by the government. Show Answer Correct Answer: B) Removing barriers or restrictions set by the government. 14. The reason due to which multinational companies set up their branches in other countries is A) Cheap labour and resources. B) Welfare motive. C) To generate employment. D) To generate income. Show Answer Correct Answer: A) Cheap labour and resources. 15. Special Economic Zones (SEZ) developed by the Government of India aim: A) To attract foreign companies to invest in India. B) To encourage small investors. C) To encourage regional development. D) None of the above. Show Answer Correct Answer: A) To attract foreign companies to invest in India. 16. Globalization has largely favored the rich, highly educated and skilled persons of the society. A) True. B) False. Show Answer Correct Answer: A) True. 17. MNC stands for A) Multinational Corporation. B) Multination Corporation. C) Multinational Cities. D) Multinational Council. Show Answer Correct Answer: A) Multinational Corporation. 18. Chinese are exporting electrical goods and other consumer goods in the Indian market in a big way. It is posing problems for India and Indian manufacturer. A) True. B) False. Show Answer Correct Answer: A) True. 19. Cheaper imports, inadequate investment in infrastructure lead to A) Slowdown in agricultural sector. B) Replace the demand for domestic production. C) Slowdown in industrial sector. D) All the above. Show Answer Correct Answer: D) All the above. 20. In developed countries like the USA and Australia, which sector do most people work in? A) Primary Sector. B) Secondary Sector. C) Tertiary Sector. D) Quaternary. Show Answer Correct Answer: C) Tertiary Sector. ← PreviousNext →Related QuizzesGlobalisation And The Indian Economy Quiz 1Globalisation And The Indian Economy Quiz 2Globalisation 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 10Globalisation And The Indian Economy Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books