Impact of Globalisation

2. Globalisation caused

I. Easy movement of goods, capital and services

II. Increasing the international trade

III. Companies easily operating in various countries

• I and III

• I and II

• II and III

• All of the above

3. Which of the following can be considered an investment?

• 1. Spending money on different assets, for example, land

• 1. Spending money on healthcare

• 1. Spending money on household items

• 1. Spending money on any social ritual or custom

5. Opening and improving the Economy with other major economies to take it to the international level is known as

• 1. Privatisation

• 1. Liberalisation

• 1. Globalisation

What is the reason why Multinational Companies set up new factories and offices across various nations?

• 1. Production cost is low, and they can earn great profit

• 1. Production cost is high, and they can earn a high profit

• 1. MNCs can create a significant presence across

• 1. The production cost is low, and MNCs can face a loss

11. What are the benefits of Globalisation? 

I. Use of Innovation and Technology 

II. Low Production Costs

III. Get Access to Various New Cultures

• I and II

• I and III

• II and III

• All of the above

17. Multinational Companies entered the global market with the help of: 

• 1. UNESCO 

• WTO

• UNO

What kind of help does the World Trade Organization offer to assist MNCs?

I. Centralised Databases

II. Clear Information about Policies and Regulations

III. Providing Foreign Labour

IV. Goods and Services

• I, II and IV

• I and II only

• II, III and IV

• All of the above

Outsourcing is

• Exporting

• Importing

• A firm having someone else do part of what it previously did itself

• Going out of business

A company sends in-house jobs to be performed in another country

• Outsourcing

• Offshoring

How does the global spread of skills and technology impact international economies?

• It results in reduced access to education

• It contributes to economic growth and innovation

• It has no significant impact on global economies