This quiz works best with JavaScript enabled. Home > Indian Economy > Globalisation And The Indian Economy – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Globalisation And The Indian Economy Quiz 5 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The primary driver of globalization is A) Natural resources. B) Technology. C) Communication. D) None of above. Show Answer Correct Answer: B) Technology. 2. To check the free flow of Chinese goods in the Indian markets, what the Indian government can do? A) Ban trade with China. B) Impose tax on imports. C) Impose tax on exports. D) Complain to UNO. Show Answer Correct Answer: B) Impose tax on imports. 3. What does outsourcing and offshoring mean for you? A) Nothing, USA will always be number one. B) We compete for our jobs with people all over the world. C) I get to own a boat. D) I get my own resources. Show Answer Correct Answer: B) We compete for our jobs with people all over the world. 4. The most common way to control production by MNCs is A) Set up production with the local company. B) Buy the local company. C) Place order for production with small producers. D) Compete with the local company. Show Answer Correct Answer: B) Buy the local company. 5. By 2006, how many countries were the members of the World Trade Organisation? A) 139. B) 149. C) 159. D) 169. Show Answer Correct Answer: B) 149. 6. What is the basic function of foreign trade? A) To create an opportunity for producers to reach beyond domestic markets and compete in markets located in other countries. B) To facilitate the integration of markets and the interlinking of production across countries. C) To provide consumers with a wide choice of goods and services. D) To attract foreign investment and promote economic development. Show Answer Correct Answer: A) To create an opportunity for producers to reach beyond domestic markets and compete in markets located in other countries. 7. Which of the following industries have been hard hit by foreign competition? A) Dairy products. B) Leather industry. C) Cloth industry. D) Vehicle industry. Show Answer Correct Answer: A) Dairy products. 8. Which sector has not benefited by the policy of globalisation? A) Agricultural sector. B) Manufacturing sector. C) Service sector. D) All the above. Show Answer Correct Answer: A) Agricultural sector. 9. Liberalization does not include A) Removing trade barriers. B) Liberal policies. C) Introducing quota system. D) Disinvestment. Show Answer Correct Answer: C) Introducing quota system. 10. A company that owns or controls production in more than one nation is called: A) Multinational corporation. B) Joint stock company. C) Global company. D) None of these. Show Answer Correct Answer: A) Multinational corporation. 11. ..... is the interconnection of the global economy. A) Global Studies. B) Global. C) Market. D) Globalization. Show Answer Correct Answer: D) Globalization. 12. Indian government felt the need for removing barriers on foreign trade and foreign investment in ..... A) 1990. B) 1991. C) 1992. D) 1993. Show Answer Correct Answer: B) 1991. 13. Rapid integration and connection between countries is known as A) Liberalisation. B) Investment. C) Interrelation. D) Globalisation. Show Answer Correct Answer: D) Globalisation. 14. Investment means spending on ..... A) Land. B) Building. C) Machines. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. Integration of markets means A) Wider choice of goods. B) Operating beyond the domestic markets. C) Price of the product tend to become equal. D) All the above. Show Answer Correct Answer: D) All the above. 16. The main reason behind MNCs investments are A) To benefit foreign countries. B) To provide financial support to the country's government. C) For the welfare of underprivileged people. D) To increase the assets and earn profits. Show Answer Correct Answer: D) To increase the assets and earn profits. 17. Tax on imports can be treated as A) Collateral. B) Trade Barriers. C) Foreign Trade. D) Terms of Trade. Show Answer Correct Answer: B) Trade Barriers. 18. An important factor causing globalisation is A) More income. B) Expansion of markets. C) Technological development. D) Urbanisation. Show Answer Correct Answer: C) Technological development. 19. Which among the following is NOT a factor that promote MNCs to set up their production unit? A) Proximity of market. B) Availability of labour. C) Favourable Government Policies. D) Trade barrier. Show Answer Correct Answer: D) Trade barrier. 20. Till which time period, production was organised within the countries? A) Middle of twentieth century. B) End of twentieth century. C) Starting of twentieth century. D) Till nineteenth century. Show Answer Correct Answer: A) Middle of twentieth century. ← 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 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