Globalisation & Indian Economy Part 1

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

• Well off consumers

• Small producers and workers

• Skilled and educated producers

• 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

An MNC is a company that owns or controls production in

• one country
• more than one country
• only developing countries
• only developed countries

Benefits enjoyed by companies who set up production units in the SEZs are:

• they do not have to pay taxes for some years
• reduction in excise duty
• reduced tariffs and barriers
• none of the above

By 2006, how many countries were the members of the World Trade Organisation?

• 139
• 149
• 159
• 169

Cheaper imports, inadequate investment in infrastructure lead to

• slowdown in agricultural sector
• replace the demand for domestic production
• slowdown in industrial sector
• All the above

Companies who set up production units in the Special Economic Zones (SEZs) do not have to pay taxes for an initial period of:

• 2 years
• 5 years
• 4 years
• 10 years

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.

Fair globalisation refers to ensuring benefits to:

• labourers
• producers
• consumers
• all the above

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

• World Bank
• multinationals
• foreign governments
• none of the above