Globalization and the Indian Economy (NCERT 10th Social)

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 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

A large company that owns or controls production in more than one nation is nation is called a-

• Multinational Corporation

• Self Help Group

• Global Companies

• Non Government 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

“MNCs keep in mind certain factors before setting up production”. Identify the incorrect option from the choices given below

• Availability of cheap skilled and unskilled labour

• Proximity to markets

• Presence of a large number of local competitors

• Favourable government policies

An american MNC, Cargil Foods has purchased an indian company named (a)   Foods.

MNCs normally take decisions regarding the location of production units on the basis of following factors:

• Production units should be close to the markets

• Availability of skilled and unskilled labour at low cost

• Assured availability of raw materials

• Government policies that can look after their decisions