This quiz works best with JavaScript enabled. Home > Indian Economy > Globalisation And The Indian Economy – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Globalisation And The Indian Economy Quiz 9 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which one of the following has benefited least because of globalisation in India?. A) Agriculture Sector. B) Industrial Sector. C) Service Sector. D) Secondary Sector. Show Answer Correct Answer: A) Agriculture Sector. 2. New Economic policy was initiated in the year. A) 1991. B) 1990. C) 1988. D) 1980. Show Answer Correct Answer: A) 1991. 3. Ehich benefits enjoyed by a local company in a joint production with a MNC- A) Additional investment. B) Latest technology. C) International market. D) All of these. Show Answer Correct Answer: D) All of these. 4. 'The impact of Globalisation has not been fair.' Who among the following people have not benefitted from globalisation? A) Well off consumers. B) Small producers and workers. C) Skilled and educated producers. D) Large wealthy producers. Show Answer Correct Answer: B) Small producers and workers. 5. Foreign trade connects the markets A) In the country. B) Among neighbouring countries. C) Between two countries. D) In different countries. Show Answer Correct Answer: D) In different countries. 6. A law firm is an example of ..... A) Primary Industry. B) Secondary Industry. C) Tertiary Industry. D) Quaternary Industry. Show Answer Correct Answer: C) Tertiary Industry. 7. BPOs have benefited growth of: A) Local companies. B) National companies. C) MNCs. D) None of these. Show Answer Correct Answer: C) MNCs. 8. Which one of the following organizations lay stress on liberalization of foreign trade and foreign investment? A) International Monetary Fund. B) International Labour Organisation. C) World Health Organisation. D) World Trade Organization. Show Answer Correct Answer: D) World Trade Organization. 9. This helps to create an opportunity for the producers to reach beyond the domestic market A) Foreign trade. B) Domestic trade. C) Internal trade. D) Trade barrier. Show Answer Correct Answer: A) Foreign trade. 10. Assertion(A):Leela works five days a week, receives her income on the last day of each month and gets medical facilities from her firm.Reason(R):Leela is working in the organized sector. 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) Assertion is true, but reason is false. D) Assertion is false, but reason is true. Show Answer Correct Answer: A) Both A and R are true and R is the correct explanation of A. 11. MNCs are investing in India because of ..... A) The cheaper production costs. B) Plenty of raw materials. C) Good government policies. D) None of above. Show Answer Correct Answer: A) The cheaper production costs. 12. Service is both A) Tangible. B) Intangible. C) Physical product. D) Both 1 and 2. Show Answer Correct Answer: D) Both 1 and 2. 13. Which one of the following organisations lay stress on liberalisation of foreign trade and foreign investment? A) International Monetary Fund. B) International Labour Organisation. C) World Health Organisation. D) World Trade Organisation. Show Answer Correct Answer: D) World Trade Organisation. 14. Which factor might attract a multinational corporation to a country? A) Good tourist attractions. B) Cheap raw materials. C) High average monthly wage. D) None of above. Show Answer Correct Answer: B) Cheap raw materials. 15. True or False Globalisation is created by TRADE. A) True. B) False. Show Answer Correct Answer: A) True. 16. What function do the World Bank and International Monetary Fund serve? A) Give loans to developing countries. B) Subsidize global corporations. C) Act as a slush fund for international politicians. D) Finance refugee operations and relief efforts. Show Answer Correct Answer: A) Give loans to developing countries. 17. Why did the Indian Government restricted foreign trade after independence? A) To protect domestic producers. B) To increase competition. C) To know the international level of quality. D) All of the above. Show Answer Correct Answer: A) To protect domestic producers. 18. Which one among the following is a far reaching change in the policy made in India in 1991? A) Removing barriers or restrictions set by the government which is known as liberalisation. B) Put barriers to foreign trade and foreign investments. C) Restrictions set by the government to protect the producers within the country from foreign competition. D) By giving protection to domestic producers through a variety of means. Show Answer Correct Answer: A) Removing barriers or restrictions set by the government which is known as liberalisation. 19. What is the aim of World Trade Organisation (WTO)? A) To promote Health facilities. B) To liberalize International Trade. C) Domestic infrastructure. D) To Increase Literacy. Show Answer Correct Answer: B) To liberalize International Trade. 20. Benefits enjoyed by companies who set up production units in the SEZs are: A) They do not have to pay taxes for some years. B) Reduction in excise duty. C) Reduced tariffs and barriers. D) None of the above. Show Answer Correct Answer: A) They do not have to pay taxes for some years. ← 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 8Globalisation And The Indian Economy Quiz 10Globalisation And The Indian Economy Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books