Globalisation Quiz | Globalisation Objective Type Questions and Answers

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Questions
21 Exports now fiancé over 80% of imports, as compared to 60% in 1985, this situation is achieved due to _______:
A Liberalization
B Privatization
C Disinvement
D Globalization

Answer: Globalization
22 WTO was formed in ______:
A 1990
B 1991
C 1995
D None of the above

Answer: 19952
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23 The other name of World Bank is :
A IDA
B IFC
C IBRD
D All of these

Answer: IBRD
24 Government can make globalisation more ‘fair’ by:
A increasing competition
B increasing employment
C implementing the labour laws
D None of the above

Answer: implementing the labour laws
25 IMF was organized in ______:
A 1946
B 1956
C 1966
D 1976

Answer: 1946
26 Globalisation opportunities for paid work for women has denied them:
A good health
B good education
C permanent job
D None of these

Answer: permanent job
27 One major government initiative to attract foreign companies to invest in India is:
A to raise the standard of education
B to promote unemployment in the public sector
C to build special economic zones
D None Of The Above

Answer: to build special economic zones
28 Which out of the following industries has a large number of well-off buyers in urban areas?
A Footwear
B Automobiles
C Jewellery
D None of these

Answer: Automobiles
29 WTO aims at:
A establishing rules for domestic trade
B restricting trade practices
C liberalising international trade
D None of the Above

Answer: liberalising international trade
30 Removing barriers or restrictions set by the government is called:
A Liberalisation
B Investment
C Favourable Trade
D Free Trade

Answer: Liberalisation
31 One major factor that has stimulated the globalisation process is:
A effective utilisation of resources
B increase in income and wealth
C willingness to cooperate
D rapid improvement in technology

Answer: rapid improvement in technology
32 Globalisation by connecting countries leads to:
A lesser competition among producers
B greater competition among producers
C no competition between producers
D none of these

Answer: greater competition among producers
33 Cargill Foods, an MNC has bought over which indigenous Indian company?
A Amul
B Britannia
C Parakh Foods
D Dabur

Answer: Parakh Foods
34 A company that owns or controls production in more than one nation is called:
A multinational corporation
B joint stock company
C global company
D none of these

Answer: multinational corporation
35 The most common route for investments by MNCs in countries around the world is to:
A set up new factories
B buy existing local companies
C form partnerships with local companies
D both (a) and (b)

Answer: form partnerships with local companies
16 Which one is false?
A MNCs acquire small companies to expand production
B MNCs enter into joint venture to enter into foreign markets
C MNCS offer subsidy to the small scale industries
D None of the above

Answer: MNCS offer subsidy to the small scale industries
37 Small Scale industries face competition from
A Rising prices
B Cheap imports
C Exports
D Subsidy

Answer: Cheap imports
38 The past two decades of globalisation has 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 these

Answer: goods, services and investments between countries
39 Investment made by MNCs is called
A Investment
B Foreign Trade
C Foreign Investment
D Disinvestment

Answer: Foreign Investment
40 MNCs do not increase
A Competition
B Price war
C Quality
D None of the above

Answer: None of the above
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