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Class 10 Social Science
Economics Globalisation And The Indian Ec
Quiz 1
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Removing barriers or restrictions set by the government is called:
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Liberalisation
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Investment
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Fovourable trade
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Free trade
Explanation
a
Rapid integration or interconnection between countries is known as:
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Privatisation
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Globalisation
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Liberalisation
0%
Socialisation
Explanation
b
Globalisation has led to improvement in living conditions:
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of all the people
0%
of people in the developed countries
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of workers in the developing countries
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none of the above.
Explanation
c
Which one of the following Indian indus¬tries has been hit hard by globalisation?
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Information Technology (IT)
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Toy making
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Jute
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Cement
Explanation
b
World Trade Organisation (WTO) was started at the initiative of which one of the following group of countries?
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Rich countries
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Poor countries
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Developed countries
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Developing countries
Explanation
c
Which of the following organisations lays stress on liberalisation of foreign trade and foreign investment?
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International Labour Organisation
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International Monetary Fund
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World Health Organisation
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World Trade Oraganisation
Explanation
d
Investments made by MNCs are termed as:
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Indigenous investment
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Foreign investment
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Entrepreneur’s investment
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None of the above
Explanation
b
Which of the following is not a feature of a Multi-National Company?
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It owns/controls production in more than one nation.
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It sets up factories where it is close to the markets.
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It organises production in complex ways.
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It employs labour only from its own country.
Explanation
d
Tax on imports is an example of:
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Terms of Trade
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Collateral
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Trade Barriers
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ForeignTrade
Explanation
c
Which one of the following is not characteristic of‘Special Economic Zone’?
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They do not have to pay taxes for long period.
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Government has allowed flexibility in labour laws.
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They have world class facilities.
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They do not have to pay taxes for an initial period of five years.
Explanation
a
Companies who set up production units in the Special Economic Zones (SEZs) do not have to pay taxes for an initial period of:
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2 years
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5 years
0%
4 years
0%
10 years
Explanation
b
It refers to the globalisation which creates opportunities for all and ensures that its benefits are better shared.
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Privatisation
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Special Economic Zones (SEZs)
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World Trade Organisation (WTO)
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Fair globalisation
Explanation
d
An MNC is a company that owns or controls production in
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one country
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more than one country
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only developing countries
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only developed countries
Explanation
b
The process of rapid integration or interconnection between countries through free trade, free mobility of capital and labour is called
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Foreign trade
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Liberalisation
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Globalisation
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Privatisation
Explanation
c
What was the main channel connecting countries in the past?
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Labour
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Religion
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Technology
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Trade
Explanation
d
'The impact of Globalisation has not been fair.' Who among the following people have not benefitted from globalisation?
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Well off consumers
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Small producers and workers
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Skilled and educated producers
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Large wealthy producers
Explanation
b
What is the main motive behind the investments of MNCs?
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The main motive is to increase their assets and earn profits.
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The main motive is the welfare of the poor people.
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The main motive of an MNCs is to offer financial support to the government of their country.
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The main motive is to benefit foreign countries.
Explanation
a
“MNCs keep in mind certain factors before setting up production". Identify the incorrect option from the choices given below
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Availability of cheap skilled and unskilled labour
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Proximity to markets
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Presence of a large number of local competitors
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Favourable government policies
Explanation
c
WTiich Indian company was bought over by Cargill Foods—a large American MNC? Pick out the name from the alternatives provided
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Amul
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Fun Foods Ltd.
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Agro Tech Foods Ltd.
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Parakh Foods
Explanation
d
WTiich organisation supports liberalisation of foreign trade and investments in India?
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International Labour Organisation (ILO)
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World Bank
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World Trade Organisation (WTO)
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International Monetary Fund (IMF)
Explanation
c
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