Quiz on Globalization and Regional Economic Integration

What is defined as the exchange of capital, goods, services, ideas, and technology across the world?

• Political Globalization

• Economic Globalization

• Cultural Globalization

• Environmental Globalization

Which form of globalization involves the increasing interconnectedness of environmental issues?

• Political Globalization

• Environmental Globalization

• Economic Globalization

• Cultural Globalization

What is a strategic alliance?

• A structured form of licensing

• A type of foreign direct investment

• A method of exporting goods

• A partnership where companies pool resources for a specific project

Which of the following is NOT a benefit of globalization?

• Access to New Markets

• Cultural Conflicts

• Job Creation

• Economic Growth

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

• To create political unions

• To ensure smooth and predictable trade flows

• To promote cultural exchanges

• To regulate environmental issues

Which principle of the WTO involves treating all countries equally?

• National treatment

• Most-favoured-nation (MFN)

• Free trade

• Predictability

What does SAFTA stand for?

• South Asian Financial Trade Agreement

• South Asian Free Trade Agreement

• Southeast Asian Free Trade Agreement

• South American Free Trade Agreement

Which of the following is a method of globalization that involves selling domestic products to foreign markets?

• Joint Venture

• Exporting

• Licensing

• Franchising

What is a major challenge faced by Nepal in benefiting from WTO membership?

• High productivity

• Lack of competitiveness

• Robust trade barriers

• Strong economic diplomacy

Which organization was established to promote economic cooperation in the SAARC region?

• SAFTA

• ASEAN

• APEC

• BIMSTEC