This quiz works best with JavaScript enabled. Home > Indian Economy > Globalisation And The Indian Economy – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Globalisation And The Indian Economy Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Globalisation is created by ..... A) Multinational Companies. B) Sharing of knowledge and technologies. C) Music and film. D) All of the responses. Show Answer Correct Answer: D) All of the responses. 2. Two factors that enabled Globalisation ..... A) Foreign Trade and Foreign Investment. B) World Trade organisation and Exports. C) Development in Technology and Liberalization of Foreign Trade. D) None of above. Show Answer Correct Answer: C) Development in Technology and Liberalization of Foreign Trade. 3. Globalisation will result in A) More competition among producers. B) Less competition among producers. C) No change in competition among producers. D) To generate income. Show Answer Correct Answer: A) More competition among producers. 4. Why all major multinationals are American, Japanese or European, such as Nike, Coca-Cola, Pepsi, Honda, Nokia.? A) They have much political influence in the world. B) They have huge sum of money to expand their production to other countries. C) They have many franchises that are supported by different governments. D) Their production coast is cheap because of advanced technology. Show Answer Correct Answer: B) They have huge sum of money to expand their production to other countries. 5. Mahindra & Mahindra an automobile company has a collaboration with which of the following MNC's A) BMW. B) Ford. C) Honda. D) Suzuki. Show Answer Correct Answer: B) Ford. 6. Investment by a person or company based in another country is called ..... A) Distribution. B) Economic interdependency. C) Foreign investment. D) Imports. Show Answer Correct Answer: C) Foreign investment. 7. Multinational corporations have succeeded in entering global markets through A) WTO. B) UNO. C) UNESCO. D) None of the above. Show Answer Correct Answer: A) WTO. 8. What are the advantages of globalisation? A) Improvement in technology. B) Competition among producers. C) Creation of new job opportunities. D) Availability of international market. E) All of these. Show Answer Correct Answer: E) All of these. 9. Entry of MNCs in a domestic market may prove harmful for A) All large scale producers. B) All domestic producers. C) All substandard domestic producers. D) All small-scale producers. Show Answer Correct Answer: D) All small-scale producers. 10. Which organization provides loans to developing countries for capital projects? A) The IMF. B) The WTO. C) The GATT. D) The World Bank. Show Answer Correct Answer: D) The World Bank. 11. What is the main motive behind the investment of MNCs? A) The main motive is to increase their assets and earn profit. B) The main motive is the welfare of the poor people. C) The main motive of an MNC is is to offer financial support to the Government of their country. D) The main motive is to benefit foreign countries. Show Answer Correct Answer: A) The main motive is to increase their assets and earn profit. 12. Both TISCO and Reliance Industries are owned by: A) The government. B) Private company. C) A cooperative society. D) Jointly by private companies and the govt. Show Answer Correct Answer: B) Private company. 13. Employment figures of a country are based on data collected from 5-yearly survey on employment and unemployment. Which organisation conducts this survey? A) NSSO-National Sample Survey Organisation. B) NREGA 2005-National Rural Employment Guarantee Act, 2005. C) ILO-International Labour Organisation. D) Census of India. Show Answer Correct Answer: A) NSSO-National Sample Survey Organisation. 14. FDI (Foreign Direct Investment) attracted by globalisation in India belongs to the A) World Bank. B) Multinationals. C) Foreign governments. D) None of the above. Show Answer Correct Answer: B) Multinationals. 15. When did the government remove the barriers for investment and investment in India? A) 1990. B) 1991. C) 1950. D) 1999. Show Answer Correct Answer: B) 1991. 16. Which of the following is a 'barrier' on foreign trade? A) Tax on import. B) Quality control. C) Sales tax. D) Tax on local trade. Show Answer Correct Answer: A) Tax on import. 17. International trade is an important part of globalisation because ..... A) It allows for countries to share technology and resources. B) It provides raw materials for countries to create products. C) It allows for countries to have trade partnerships with strengthens relationships between countries. D) All of the responses. Show Answer Correct Answer: D) All of the responses. 18. Which organisation support liberalisation of foreign trade and investment in India? A) International labour organisation (ILO). B) World Bank. C) World Trade organisation. D) International monetary fund. Show Answer Correct Answer: C) World Trade organisation. 19. Fill in the blank. Globalization is the result of several factors. Advances in communication & transportation have played a big part. Another major factor is the movement toward " ..... " A) Free trade. B) Distribution. C) Multinational corporation. D) Imports. Show Answer Correct Answer: A) Free trade. 20. The task of collection of data in all three sectors is done by A) BPO. B) UNDP. C) NSSO. D) KPO. Show Answer Correct Answer: C) NSSO. ← 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 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