Quiz on Globalisation - Revision

Removing barriers or restrictions set by the government is known as:

• Globalisation

• Liberalisation

• Privatisation

• Outsourcing

Entry of MNCs in a domestic market may prove harmful for

• all large scale producers

• all domestic producers

• all substandard domestic producers

• all small-scale 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

Why do MNCs set up offices and factories in more than one nation ?

• The cost of production is high and the MNCs can earn profit.

• The cost of production is low and the MNCs undergoes a loss

• The cost of production is low and the MNCS can earn greater profit.

• The MNCs want to make their presence felt globally

The most common route for investments by MNCs in countries around the world is to:

• set up new factories

• buy existing local companies

• form partnerships with local companies

• None of these

FDI (Foreign Direct Investment) attracted by globalisation in India belongs to the

• World Bank

• multinationals

• foreign governments

• none of the above

Fair globalisation refers to ensuring benefits to:

• labourers

• producers

• consumers

• all the above

What is the full form of WTO?

When was the WTO founded?

• 1st Jan 1994

• 1st Jan 1995

• 1st Jan 1996

• 1st Jan 1997

The primary objective of the WTO is :

• To uphold The General Agreement on Tariffs and Trade

• To supplement the Organisation for Economic Cooperation and Development

• To assist the IMF and the World Bank group as a global provider of credit

• To provide underdeveloped countries with a forum to take part in trade decisions