MRSAFPI QUIZ ON GLOBALISATION AND INDIAN ECONOMY- SOCIAL SCIENCE (ECONOMICS) Leave a Comment / MRSAFPI / By admin Welcome to your MRSAFPI- QUIZ 4 (SOCIAL SCIENCE) (ECONOMICS) Quiz on Globalisation and Indian Economy Name Email ID Contact No. 1. World trade Organisation (WTO) was started at the initiative of which one of the following group of countries? Rich countries Poor countries Developed Countries Developing countries Developed Countries Developing countries 2. What is the correct definition of multi-national companies? It is a company what owns or controls production in more than one nation. It is a company that owns or controls production in one nation. It is a company that owns or controls production outside the nation. It is a company that owns production in the country and controlled by the government. 3. Tax on imports is an example of Trade enhancer Trade barrier State regulator None of them 4. Why do MNCs set up offices and factories in more than one nation? The cost of production is high and MNCs can earn profits. The cost of production is low and the MNCs undergoes a loss. The cost of production is low and the MNCs can earn greater profits. The MNCs want to make their presence felt globally. 5. Globalisation means the integration of domestic economy with the rest of the world through: Fast transport connectivity New communication technology Free international relations Trade, Capital and technology flows. 6. Which of the following measures is introduced in India to attract foreign investment? Establishment of SEZ Establishment of Private Industrial Estates. Establishment of Private companies All the above 7. Liberalisation means……………. Free trade No government interference Private trade Any of these 8. MNCs want to tap two main advantages of…………….. Cheap labour and large market. Trained labour and tax concessions Advanced technology and marketing Publicity and marketing 9. Globalisation means……………… Integration through cultural relations. Integration through social and political relations. Integration between countries through trade. Integration between countries through trade and investment. 10. Globalisation by connecting countries, shall result in Lesser competition among producers. Greater competition among producers. No change in the competition among producers. Least competition among producers. 11. Consider the following statements: (a) Globalisation has enabled many companies to enlarge as multinationals. (b) Foreign trade gives opportunity to the producers to reach buyers in domestic market. (c) Globalisation has led to the improvement in living conditions of workers in the developing countries. (d) Globalisation involves increase of taxes imports. Which of the above statements are correct? (a), (c) and (d) (a) and (b) (b) and (d) (a), (b) and (d) 12. Which of the following is not a feature of multi-national company? It owns/ controls production in more than one nation. It sets up factories where it is close to the markets. It organises production in complex ways. It employs labour only from its own country. 13. With reference to multi-national companies, consider the following statements: (a) It controls or owns production in more than one nation. (b) It employs labour only from its own country. Which of the above statement(s) is/ are correct? (a)only (b)only Both (a) and (b) Neither (a) nor (b) 14. There is a need for The end of globalisation A fair globalisation Breaking the present globalisation Banning the process of globalisation 15. Which of the following technique helps in raising foreign investment? Setting up SEZ Flexibility of Labour Laws Relaxation of govt. rules All of these 16. Which of the following agency promotes globalisation? Reserve bank of India State Bank of India World trade organisation Any of these 17. Information and communication technology has played a major role in spreading out………..across countries. Manufacturing of goods Processing data Production of services Improvement in communication 18. Removing barriers or restrictions set by the government is known as: Privatisation Globalisation Liberalisation Socialisation 19. Investments made by MNCs are termed as: Indigenous investment Foreign Investment Entrepreneur’s Investment None of the above 20. The most common route for investments by MNC’s in countries around world is to: Set up new factories Buy existing local companies Form partnership with local companies All of them Time's up Time is Up! MRSAFPI QUIZ, MRS AFPI Examination, MRS AFPI Preparation
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