Globalisation and the Indian Economy

Rapid integration and connection between countries is known as

• Liberalisation

• Investment

• Globalisation

• Interrelation

Globalisation has been of advantage to

• all the people

• the poorer section of the society

• the richer section of the society

• none of the above.

Which one of the following Indian industries has been hit hard by globalisation?

• soft drinks

• automobiles

• electronics

• toy

World Trade Organisation (WTO) was started at the initiative of which one of the following group of countries?

• Developed

• Developing

• Under Developed

• Poor

Which of the following organisations lays stress on liberalisation of foreign trade and foreign investment?

• International Labour Organisation

• International Monetary Fund

• World Health Organisation

• World Trade Organisation

Investments made by MNCs are termed as:

• Indigenous investment

• Foreign investment

• Entrepreneur’s investment

• None of the above

Which of the following is not a feature of a Multi-National Company?

• It owns/controls production in more than one nation.

• It employs labour only from its own country.

• It organises production in complex ways.

• It sets up factories where it is close to the marke

Tax on imports is an example of:

• Terms of Trade

• Collateral

• Trade Barriers

• Foreign Trade

Which one of the following is not characteristic of‘ Special Economic Zone’?

• They do not have to pay taxes at all

• Government has allowed flexibility in labour laws.

• They have world class facilities.

• Government allows flexibiilty of labour laws

Companies who set up production units in the Special Economic Zones (SEZs) do not have to pay taxes for an initial period of:

• 10 years

• 3 years

• 5 years

• 8 years