Quiz on Globalization and Regional Economic Integration

What is the primary focus of Environmental Globalization?

• Economic growth

• Cultural exchange

• Transboundary environmental issues

• Political cooperation

Which of the following is NOT a form of Economic Globalization?

• International trade

• Cultural homogenization

• Presence of MNCs

• Labour mobility

What does Political Globalization refer to?

• Influence of international organizations

• Environmental challenges

• Interconnectedness of national economies

• Spread of cultural elements

Which method of globalization involves a company allowing another to use its intellectual property?

• Joint Venture

• Licensing and Franchising

• Exporting

• Foreign Direct Investment

What is a Joint Venture?

• A licensing agreement

• A partnership for mutual goals

• A method of exporting goods

• A type of foreign investment

Which of the following is a benefit of globalization?

• Cultural exchanges

• Job losses

• Economic inequality

• Environmental degradation

What is the main goal of the World Trade Organization (WTO)?

• To regulate environmental issues

• To promote cultural exchange

• To manage political relations

• To ensure smooth trade flows

Which principle of the WTO involves treating all countries equally?

• Free trade

• Most-favoured-nation

• Predictability

• National treatment

When did Nepal become a member of the WTO?

• 1989

• 1995

• 2006

• 2004

What is a major challenge faced by LDCs in the WTO?

• Strong economic diplomacy

• Lack of competitiveness

• Excessive subsidies

• High tariffs