Globalization 1

The process of rapid integration or interconnection between countries due to greater foreign investment is known as:

• Integration of markets

• International Trade

• MNC

• Globalisation

A company that owns or controls production in more than one nation is called?

• Foreign Company

• International Company

• Local Company

• Multinational Company

When did the Indian Government introduce a policy of Liberalisation known as 'New Economic Policy'?

• 1991

• 1994

• 2000

• 1980

Globalisation results in:

• lesser competition among producers

• greater competition among producers

• no change in competition among producers

• none of the above

Which one of the following is NOT true regarding the impact of the globalisation?

• It has created jobs in the service sector.

• People with education, skill, and wealth have not been benefited.

• Benefits of globalisation are not equal.

• Labour laws are not implemented properly and workers are denied their rights.

Which one of the following is a major benefit of a joint production between a local company and a Multi-National Company?

• MNC can control the increase in the price

• Competition between the local company and MNC increases

• MNC get capital from local companies

• None of the above

The most common route for investments by MNC's in countries around the world is to:

• Phase out all local companies

• They change brand names of existing local companies

• Buy existing local companies

• I don't know

How has Rwanda benefited from globalization?