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WorksheetsGlobalisation
Total questions: 10
Worksheet time: 5mins
What is globalisation?
Cultivation
Integration of our economy with world economy
Degradation of the Banking and Financial sectors of the economy
The most important factor that enables globalisation is
Advancement in technology
Narrow Industrial Policies
Orthodox Foreign Trade Policy
Government controls and restrictions
What is liberalisation?
Prominence to agriculture sector
Encouraging full government control on industries
Discourage Foreign investments
Freeing trade and industry policies from unwanted government controls and restriction
What is SEZ?
Special Economic zones
Special environment zone
Small economy zone
When did Economic Liberalisation start in India?
2000
1991
1971
2011
Name the act to regulate foreign investment in India.
COPRA
RTI
FEMA
ICA
WTO is an organisation under the
Government of India
United Nations
International Monetary Fund
FEMA
The headquarters of WTO is located in
Dubai, UAE
Istanbul, Turkey
Geneva, Switzerland
Paris, France
What are MNCs?
They are otherwise known as Transnational companies
They promote competition in the Indian Economy
The extend their trading and manufacturing activities in more than one country.
All of the above
Benefits of MNCs include
inflow of foreign exchange
Lower the standard of living
to increase barriers in trade
To reduce competitiveness
