Globalisation And The Indian Economy Revision Quiz

Rapid integration and connection between countries is known as

• Liberalisation

• Investment

• Globalisation

• Interrelation

Investments made by MNCs are termed as:

• Indigenous investment

• Foreign investment

• Entrepreneur’s investment

• None of the above

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

Fair Globalisation in WTO is a fight against

• Dissimilarity in interests

• Domination of developed countries

• Implementation of tax

• Developing countries

‘The impact of Globalisation has not been fair.’ Who among the following people have not benefitted from globalisation?

• Well off consumers

• Skilled and educated producers

• Small producers and workers

• Large wealthy producers

“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

Which Indian company was bought over by Cargill Foods—a large American MNC?

• Amul

• Britannia

• Agro Tech Foods Ltd.

• Parakh Foods

In which year did the government decide to remove barriers on foreign trade and investment in India?

• 1990

• 1980

• 1991

• 1999