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GLOBALISATION IN ECONOMICS MCQs FOR MRSAFPI

GLOBALISATION IN ECONOMICS MCQs FOR MRSAFPI

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11.Name the country which is known for cheap manufacturing?

A. China

B. Australia

C. Fiji

D. Spain

Answer: A

12.When India attained independence in 1947, its economy was

A. Underdeveloped

B. Developed

C. Developing

D. Partially developed

Answer: A

13.The First Five Year Plan Only inaugurated the process of planning. Its main objective was to:

A. Correct the damage done to an economy by war and partition.

B. Increase agricultural production

C. Remove poverty

D. Raise the standard of life of the people.

Answer: B

14.Which is not the aim of liberalisation and globalisation?

A. More production at all levels

B. Increase ion the trade of goods and services

C. Generating more employment opportunities

D. Increase in the subsidies to the poor and deprived sections of the society.

Answer: D

15.The past two decades of globalisation have 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 the above

Answer: A

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16.Globalisation has led to improvement in living conditions:

A. Of all the people

B. Of people in the developed countries

C. Of people in the developing countries

D. None of the above

Answer: C

17.Which of the following is the cause of the policy of globalisation in India?

A. Crisis in the balance of payments

B. Crisis in exchange rate management

C. Crisis in public sector management

D. All of the above

Answer: D

18.Most regions of the world are getting increasingly

A. Integrated

B. Mutually fighting

C. Inter-depending for defence

D. None of the above

Answer: A

19.Interconnections across countries have now a days several dimensions

A. Cultural and political

B. Social

C. Economic

D. All of the above

Answer: D

20.Globalization integrates different countries

A. Through foreign trade

B. Through foreign investment

C. By multinational corporations

D. All of the above

Answer: D

ALSO VISIT :- I. MCQs ON MONEY AND CREDIT

II. DEVELOPMENT MCQ FOR MRSAFPI

III. SECTORS OF INDIAN ECONOMY

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