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__________ 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