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WorksheetsEconomy: Globalisation
Total questions: 19
Worksheet time: 9mins
Removing barriers or restrictions set by the government is called:
Investment
Fovourable trade
Liberalisation
Privatisation
Rapid integration or interconnection between countries is known as:
Privatisation
Free trade
Globalisation
Liberalisation
Globalisation has led to improvement in living conditions:
of all the people in the world
of people in the developed countries only
of workers in the developing countries only
none of the above.
Cargill Food’s is the largest producer of which of the following in India?
Medicines
Asian Paints
Edible oil
Garments
W.T.O. was started at the initiative of which one of the following group of countries?
Poor countries
Developed countries
Developing countries
All of the above
Which one of the following is not characteristic of ‘Special Economic Zone’?
They do not have to pay taxes for long period
Government has allowed flexibility in labour laws
They have world class facilities
They do not have to pay taxes for an initial period of five years
Investment made by MNCs are termed as:
Indigenous investment
Foreign investment
Entrepreneur’s investment
None of the above
Which one of the following is an example of trade barrier?
Restriction on Export
Tax on Exports
Tax on Imports
None of the above
Which of the following is not a feature of a Multi-National Company?
It owns/controls production in more than one nation.
It sets up factories where it is close to the markets
It employs labour only from its own country
It organises production in complex ways
Globalisation, by connecting countries, shall result in
lesser competition among producers
greater competition among producers
no change in competition among producers
All of the above
Examples of industries where production is carried out by a large number of small producers around the world.
Garments
footwear
Sports items
All of the above
Tax on imports is an example of
Terms of Trade
Collateral
Foreign Trade
Trade Barriers
To get large orders, Indian exporters try hard to cut their own costs by
Reducing cost of raw materials
Reducing electricity cost
Cutting labour cost
All of the above
The most common route for investments by MNCs in countries around the world is to
set up new factories.
buy existing local companies.
form partnerships with local companies.
None of the above
MNCs bring with them the latest technology and Investment for production.
True
False
Which of the following options are correct with respect to MNC's choosing a different country for their operations?
Cheap labour
Proximity to market
Availability of natural resources
All of the above
Mahindra & Mahindra an automobile company has a collaboration with which of the following MNC's
BMW
Ford
Honda
Suzuki
Removing barriers or restrictions set by the government is what is known as ________
Globalisation
Privatization
Liberalisation
All of the above
What is the aim of the WTO?
To established trade blocks
To favor developing countries only
To promote free trade around the globe
None of these
