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GLOBALISATION IN ECONOMICS MCQs FOR MRSAFPI

GLOBALISATION IN ECONOMICS MCQs FOR MRSAFPI

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21.How do local companies get the benefit when any MNC set up production with them jointly?

A. Local companies become a part of the MNC in all the locations.

B. Local companies share the major part of the profit.

C. Local companies get extra money for investments.

D. Local companies are encouraged to set up their production in other countries.

Answer: C

22.Which of the following countries have not removed the trade barriers from agriculture?

A. Developing countries

B. Developed countries

C. Third world country

D. Countries who are not members of WTO

Answer: B

23.A multinational company set up its production where there is

A. Lower cost of production

B. Cheap skilled and unskilled laborers

C. Only (i) is true

Both are true

Only (ii) is true

Both are false.

24. Which of the following is most favoured route for MNC to establish production unit?

A. Joint venture

B. Buy Local companies

C. Place order to local companies

D. Set up new factories

Answer: B

25.Which of the following is odd one about the MNC to set up its production unit?

A. Cheap labour

B. Favourable government policies

C. Trade barrier

D. Nearer to the market

Answer: C

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Read the statement and choose the correct option:

26. Globalisation refers to the flow ofGoods

I.Services

II.Land

III.Culture

A. (I), (II), (IV)

B. (I), (II). (III)

C. (I), (II)

D. (I), (II), (III), (IV)

Answer: A

27.Which one of the following is/ are not the components of the New Economic Policy of India?

I. Privatisation

II. Liberalisation

III. Modernisation

IV. Globalisation

A. Only (I)

B. Only (II)

C. (I), (II)

D. (II), (III)

Answer: B

28.Which of the following factor(s) explains the introduction of the New Economic Policy in 1991?

Mismanagement of the public sector units.

Fiscal Deficit

To allow Indian producers to compete with the foreign producers

Rapid economic development

A. All four

B. Only (i) and (ii)

C. Only (i), (ii) and (iv)

D. None of the above

29. Liberalisation refers to

A. Removing trade barriers

B. Putting restrictions on private sectors

C. High import duty

D. Encouraging public sectors

Answer: A

30.The World Trade Organisations aims to

Liberalise international trade

Solve disputes related to multilateral trade

A. Both are true

B. Only (i) is true

C. Only (ii) is true

D. Both are false

Answer: A

ALSO VISIT :- I. MCQs ON MONEY AND CREDIT

II. DEVELOPMENT MCQ FOR MRSAFPI

III. SECTORS OF INDIAN ECONOMY

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