This quiz works best with JavaScript enabled. Home > Indian Economy > Globalisation And The Indian Economy – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Globalisation And The Indian Economy Quiz 8 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. An MNC is a company that owns or controls production in A) One country. B) More than one country. C) Only developing countries. D) Only developed countries. Show Answer Correct Answer: B) More than one country. 2. ..... technology has played a major role in spreading out production of services across countries. A) Transport. B) Information and communication. Show Answer Correct Answer: B) Information and communication. 3. SEZs are related from- A) Export Promotion. B) Education Promotion. C) Health Infrastructure. D) Defence Equipment. Show Answer Correct Answer: A) Export Promotion. 4. WTO aims at: A) Establishing rules for domestic trade. B) Restricting trade practices. C) Liberalising international trade. D) None of these. Show Answer Correct Answer: C) Liberalising international trade. 5. Which Indian company was bought over by Cargill Foods-a large American MNC? A) Amul. B) Britannia. C) Agro Tech Foods Ltd. D) Parakh Foods. Show Answer Correct Answer: D) Parakh Foods. 6. Foreign Trade A) Increases choice of goods. B) Decreases prices of goods. C) Increases competition in the market. D) Decreases earnings. Show Answer Correct Answer: D) Decreases earnings. 7. Ford Motors entered the Indian automobile business in collaboration with which Indian manufacturer? A) Mahindra and Mahindra. B) Tata Motors. C) Maruti Suzuki. D) Hindustan Motors. Show Answer Correct Answer: A) Mahindra and Mahindra. 8. Choose the incorrect statement. A) MNCs have increased their investments in India over the past 20 years, which means investing in India has been beneficial for them. B) Globalisation and greater competition among producers-both local and foreign producers-has been of advantage to consumers, particularly the well-off sections in the urban areas. C) Government has also allowed flexibility in the labour laws to attract foreign investment. D) Several of the top Indian companies have been able to drawback from the increased competition. They have invested in newer technology and production methods and raised their production standards. Show Answer Correct Answer: D) Several of the top Indian companies have been able to drawback from the increased competition. They have invested in newer technology and production methods and raised their production standards. 9. What are the positive impact of Liberalisation? A) Increase in GDP. B) Increase in Production. C) Technological Advancement. D) Increase in foreign Investment. E) All of these. Show Answer Correct Answer: E) All of these. 10. This aspect of globalization focuses on the exchange of goods and services. A) Economic. B) Political. C) Socio-cultural. D) None of above. Show Answer Correct Answer: A) Economic. 11. The main aim of World Trade Organisation is ..... A) To liberalise international trade. B) To increase the export. C) To increase the import. D) To increase the unity between the countries. Show Answer Correct Answer: A) To liberalise international trade. 12. Which of the following is an example of Trade Barrier? A) Tax on Imports. B) Custom Duty. C) Transit Permits. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. Pick the odd one A) Delhi metro Rail corporation. B) Delhi transport Corporation. C) Satyam Computers. D) Air india. Show Answer Correct Answer: A) Delhi metro Rail corporation. 14. What was the main channel connecting countries in the past? How is it different now? A) By sea routes; By air routes. B) By land routes; By sea routes. C) By air routes; By land routes. D) By rail routes; By sea routes. Show Answer Correct Answer: A) By sea routes; By air routes. 15. A SECONDARY 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: A) An industry that converts raw materials into commodities and products for the consumer. 16. Removing barriers or restrictions set by the government is known as A) Globalisation. B) Privatisation. C) Liberalisation. D) None of above. Show Answer Correct Answer: C) Liberalisation. 17. Small Scale industries face competition from A) Rising prices. B) Cheap imports. C) Exports. D) Subsidy. Show Answer Correct Answer: B) Cheap imports. 18. What is the main motive behind the investments of MNCs? A) The main motive is to increase their assets and earn profits. B) The main motive is the welfare of the poor people. C) The main motive of an MNCs 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 profits. 19. GDP is the sum total of the value of ..... produced during a particular year. A) All goods and services. B) All final goods and services. C) All intermediate goods and services. D) All final and intermediate goods and services. Show Answer Correct Answer: B) All final goods and services. 20. This aspect of globalization focuses on the distribution of ideas and way of life. A) Economic. B) Political. C) Socio-cultural. D) None of above. Show Answer Correct Answer: C) Socio-cultural. ← 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 9Globalisation And The Indian Economy Quiz 10Globalisation And The Indian Economy Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books