This quiz works best with JavaScript enabled. Home > Indian Economy > Globalisation And The Indian Economy – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Globalisation And The Indian Economy Quiz 4 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Deregulation of Industries' is a feature of economic reforms introduced in 1991 in India. A) True. B) False. Show Answer Correct Answer: A) True. 2. Why do MNCs set up offices and factories in more than one nation? A) The cost of production is high and the MNCs can earn profit. B) The cost of production is low and MNCs undergoes a loss. C) The cost of production is low and the MNCs can earn greater profit. D) The MNCs want to make their presence felt globally. Show Answer Correct Answer: C) The cost of production is low and the MNCs can earn greater profit. 3. Which of the following organisations lays stress on the liberalisation of foreign trade and foreign investment? A) World Health Organization (WHO). B) WorldTrade Organisation (WTO). C) International Labour Organisation (ILO). D) All of these. Show Answer Correct Answer: B) WorldTrade Organisation (WTO). 4. Which of the following is not a feature of a Multi-National Company? A) It owns/controls production in more than one nation. B) It sets up factories where it is close to the markets. C) It organises production in complex ways. D) It employs labour only from its own country. Show Answer Correct Answer: D) It employs labour only from its own country. 5. Mc Donald's is an example of a multinational corporation. A) True. B) False. Show Answer Correct Answer: A) True. 6. How do big private companies contribute in the development of a nation? A) By increasing the demands for their products through advertisements. B) By increasing their profits. C) By increasing productivity of the country in the manufacturing of industrial goods. D) By providing private hospital facilities for the rich. Show Answer Correct Answer: C) By increasing productivity of the country in the manufacturing of industrial goods. 7. Assertion(A):In India, the primary sector is the largest employer.Reason(R):The demand for services has increased enormously. 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) 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 and R is not the correct explanation of A. 8. What was the main channel connecting countries in the past? A) Labour. B) Religion. C) Technology. D) Trade. Show Answer Correct Answer: D) Trade. 9. What is the advantage of spreading out production across borders for MNCs? A) It allows MNCs to tap into the advantages of large markets, lower production costs, and availability of resources in different countries. B) It enables MNCs to control production and exert influence on distant producers. C) It provides opportunities for interlinking production across countries. D) It allows MNCs to buy up local companies and expand production. Show Answer Correct Answer: A) It allows MNCs to tap into the advantages of large markets, lower production costs, and availability of resources in different countries. 10. MGNREGA was implemented in A) 1990. B) 1998. C) 2000. D) 2005. Show Answer Correct Answer: D) 2005. 11. When did the Indian Government introduced a policy of liberalisation known as 'New Economic Policy'? A) 1980. B) 2000. C) 1994. D) 1991. Show Answer Correct Answer: D) 1991. 12. Foreign trade creates an opportunity A) Producers can sell their produce not only in markets located within the country but can also compete in markets located in other countries of the world. B) For the buyers, import of goods produced in another country is one way of expanding the choice of goods, at cheaper price. C) Both are correct. D) None of the above. Show Answer Correct Answer: C) Both are correct. 13. When was the WTO established? A) 1985. B) 1995. C) 2000. D) 2005. Show Answer Correct Answer: B) 1995. 14. Globalization was stimulated by A) Money. B) Transportation. C) Population. D) Computers. Show Answer Correct Answer: B) Transportation. 15. MNCs do not increase A) Competition. B) Price war. C) Quality. D) None of the above. Show Answer Correct Answer: D) None of the above. 16. Examples of industries where production is carried out by a large number of small producers around the world. A) Garments. B) Footwear. C) Sports items. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Removing barriers or restrictions set by the government is what is known as ..... A) Liberalisation. B) Globalisation. C) Socialisation. D) None of the above. Show Answer Correct Answer: A) Liberalisation. 18. The money spent on buying assets such as land, building, machinery etc is known as A) Capital. B) Rent. C) Investment. D) Production. Show Answer Correct Answer: C) Investment. 19. The industrial zones which are set up to attract the foreign investment are known as ..... A) SIPCOT. B) Industrial Zone. C) Special Economic Zone. D) SISCO. Show Answer Correct Answer: C) Special Economic Zone. 20. MNCs bring with them the latest technology and Investment for production. A) True. B) False. Show Answer Correct Answer: A) True. ← 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 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