Economy: Globalisation

Removing barriers or restrictions set by the government is called:

• Investment

• Fovourable trade

• Liberalisation

• Privatisation

Rapid integration or interconnection between countries is known as:

• Privatisation

• Free trade

• Globalisation

• Liberalisation

Globalisation has led to improvement in living conditions:

• of all the people in the world

• of people in the developed countries only

• of workers in the developing countries only

• none of the above.

Cargill Food’s is the largest producer of which of the following in India?

• Medicines

• Asian Paints

• Edible oil

• Garments

W.T.O. was started at the initiative of which one of the following group of countries?

• Poor countries

• Developed countries

• Developing countries

• All of the above

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

• They do not have to pay taxes for long period

• Government has allowed flexibility in labour laws

• They have world class facilities

• They do not have to pay taxes for an initial period of five years

Investment made by MNCs are termed as:

• Indigenous investment

• Foreign investment

• Entrepreneur’s investment

• None of the above

Which one of the following is an example of trade barrier?

• Restriction on Export

• Tax on Exports

• Tax on Imports

• 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 sets up factories where it is close to the markets

• It employs labour only from its own country

• It organises production in complex ways

Globalisation, by connecting countries, shall result in

• lesser competition among producers

• greater competition among producers

• no change in competition among producers

• All of the above