Which of the following has not gained from the process of globalisation?
  • Small indigenous industries correct
  • Indian IT industries
  • Big Indian industries
  • Multinational Corporations
Which of the following is a ‘barrier’ on foreign trade?
  • Sales tax
  • Quality control
  • Tax on import
  • Tax on local trade
In what way did the pressure of competition affect the workers in the garment industry?
  • Reduced cost of raw materials
  • Reduced the labour cost
  • Decreased the working hours
  • Protection to workers
Liberalisation involves which one of the following?
  • Increasing import duties on goods
  • Increased export duties on goods
  • Increasing subsidy on fertilizers
  • Removal of trade barriers
Globalisation does not involve which one of the following?
  • Rapid integration between countries
  • Movement of people between countries for jobs, education etc.
  • Increased taxes on imports
  • More goods and services moving between countries
Which of the following fact is not true about globalisation?
  • Globalisation has been beneficial to each and every country of the world.
  • Globalisation needs to become fairer.
  • Advancement in information and communication technology has strengthened the process of globalisation.
  • Many IT industries have been benefited by globalisation.
Which one of the following Indian industries is hit hard by globalisation?
  • IT industry
  • Cement
  • Jute
  • Toy making
Which one of the following is not a feature of a multinational corporation?
  • It owns/control production in more than one nation.
  • It employs labour only from its own country.
  • It sets up factories where it is close to the markets.
  • It organises production in complex ways
Which of the following benefited the buyers in foreign trade?
  • Export of domestically produced goods
  • Increase in the choice of goods
  • Expansion of domestic markets
  • Domestically produced and sold
In which year far reaching changes were made in India’s economic policy?
  • 1988
  • 1991 correct
  • 1990
  • 1989
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