Multiple Choice Questions and Answers on Globalisation and the Indian Economy
1. The past two decades of globalisation has seen rapid movements in:
(a) goods, services and people between countries
(b) goods, services and investments between countries
(c) goods, investments and people between countries
(d) none of these
2. The most common route for investments by MNCs in countries around the world is to:
(a) set up new factories
(b) buy existing local companies
(c) form partnerships with local companies
(d) both (a) and (b)
3. Globalisation has led to higher standards of living of:
(a) well-off consumers
(b) poor consumers
(c) big producers
(d) small producers
4. 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
5. Where do MNCs choose to set up production?
(a) Cheap goods
(b) Cheap labour resources
(c) Economic sustainability
(d) None of these
(a) Amul (b) Britannia
(c) Parakh Foods (d) Dabur
(a) Mahindra and Mahindra
(b) Tata Motors
(c) Maruti Suzuki
(d) Hindustan Motors
(a) Indian toys are selling more
(b) Indian consumers are buying less
(c) Indian consumers are getting more choice at cheaper rates
(d) Chinese consumers are falling short of choice
9. Trade between countries:
(a) determines prices of products in different countries
(b) decreases competition between countries
(c) makes a country dependent on the other
(d) none of these
(a) lesser competition among producers
(b) greater competition among producers
(c) no competition between producers
(d) none of these
(a) effective utilisation of resources
(b) increase in income and wealth
(c) willingness to cooperate
(d) rapid improvement in technology
(a) Chinese toy-makers will benefit
(b) Indian toy-makers will prosper
(c) Chinese toys will remain cheap
(d) Indian consumers will buy more Chinese toys
(a) Foreign investment
(b) Delay or damage of goods
(c) Tax on imports
(d) None of these
(a) liberalisation
(b) investment
(c) favourable trade
(d) free trade
(a) establishing rules for domestic trade
(b) restricting trade practices
(c) liberalising international trade
(d) none of these
(a) Footwear
(b) Automobiles
(c) Jewellery
(d) Clothing and accessories
(a) employment
(b) emerging multinationals
(c) providing services
(d) all of the above
(a) to raise the standard of education
(b) to promote unemployment in the public sector
(c) to build special economic zones
(d) both (a) and (c)
(a) big producers
(b) small producers
(c) rural poor
(d) none of these
(a) flexibly
(b) quickly
(c) selectively
(d) none of these
(a) good health
(b) good education
(c) permanent job
(d) none of these
(a) fair opportunities for all
(b) fair benefits for all
(c) more support to small producers
(d) all of the above
(a) increasing competition
(b) increasing employment
(c) implementing the labour laws
(d) imposing trade barriers
Answers for Multiple Choice Questions:
1.
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(b)
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2.
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(c)
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3. (a)
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4. (a)
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5. (b)
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6. (c)
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7.
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(a)
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8.
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(c)
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9.
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(a)
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10. (b)
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11. (d)
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12. (b)
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13. (c)
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14.
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(a)
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15.
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(c)
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16.
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(b)
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17. (d)
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18. (c)
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19. (b)
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20. (a)
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21.
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(c)
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22.
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(d)
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23.
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(c)
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