Globalization and Indian Economy

Large companies that have their presence in more than on country are called ______________________________.

• Large National Companies

• Multi National Corporations

• Multi International Companies

Globalisation is a process of rapid ___________________ or ___________________________ between the countries.

• integration or interconnection

• intersection or interrelation

• Interaction or intermingling

Investments made in a country by Multi National Companies is called _____________________.

• Internal Investment

• Local Investment

• Foreign Investment

One of the cause for imposing trade barrier ______________________

• To protect local small manufacturers

• To encourage investment of MNC

• To encourage foreign import

Name the organisation that was formed by the initiative of some developed countries _________________________

• Trade Union Organisation

• Earth Summit

• World Trade Organisation

The main objective of World Trade Organisation is to _________________________________.

• No restrictions on import or export

• allow meeting of producers and consumers

• create environment suitable for trade

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 organises production in complex ways.

• It employs labour only from its own country.

An MNC is a company that owns or controls production in

• one country

• more than one country

• only developing countries

• only developed countries

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