Table of Contents
GLOBALISATION IN ECONOMICS MCQs FOR MRSAFPI
DOWNLOAD MOBILE APPLICATION TO LEARN MORE: GLOBALISATION IN ECONOMICS MCQs FOR MRSAFPI
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
DOWNLOAD MOBILE APPLICATION TO LEARN MORE: GLOBALISATION IN ECONOMICS MCQs FOR MRSAFPI
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
DOWNLOAD MOBILE APPLICATION TO LEARN MORE: GLOBALISATION IN ECONOMICS MCQs FOR MRSAFPI