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Unit 3 - Privatisation and Globalisation Quiz

Authored by subhashree s

Social Studies

University

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Unit 3 - Privatisation and Globalisation Quiz
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29 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is a key driver of globalization according to the text?

Political stability

Technological advancements

Domestic markets

Raw materials supply

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which agreement is mentioned in the text as aiming to remove trade barriers among three countries?

Mercosur

G-7

NAFTA

WTO

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is mentioned as a feature of the current phase of globalization in financial markets?

Deregulation

Protectionism

Trade barriers

Inflation

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which organization is described as having the authority to enforce national governments' compliance with rules?

G-40

WTO

G77

OECD

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which strategy involves granting the right to do business in a prescribed manner?

Exporting

Licensing

Joint Ventures

Turnkey contracts

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What does the fifth stage of global corporate development involve?

Exporting

Full insider position in key foreign markets

Wholly Owned Manufacturing Facilities

Genuinely global mode of operation

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is one benefit of globalization mentioned in the text?

Increased job security

Cultural homogenization

Access to foreign investment

Lower wages for workers

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