WorksheetsGlobalisation
Total questions: 35
Worksheet time: 20mins
What does TNC stand for?
Trans national corporations
Trade nations conference
Trans national countries
Trial national cooperations
Which one of the following is a characteristic of globalisation
Low levels of labour migration
The development of global brands
A decrease in foreign direct investment
A reduction in out-sourcing and off-shoring of production
Which one of the following is a negative consequence of globalisation for less-developed countries
Enhanced cultural uniqueness
Skills transferred to domestic workers
Improved terms of trade
Wider income inequalities
The process by which businesses or other organizations develop international influence or start operating on an international scale
worldwide
globalisation
significantly
melting pot
Which factor might attract a transnational corporation to a country?
Good tourist attractions
Cheap raw materials
High average monthly wage
Which of the following is NOT a transnational corporation (TNC)?
Local newsagent
Shell
Ford
What is globalisation?
The process by which the world is becoming increasingly interconnected.
The process by which the world is becoming less interconnected.
The process by which the world is becoming more divided.
One disadvantage of globalisation is...
There is no way of guaranteeing that the wealth will help the developing country
You won't be able to communicate with the workers in a different country
Your brand will always get tarnished
Removing barriers or restrictions set by the government is called:
Investment
Fovourable trade
Liberalisation
Privatisation
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
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
The most important factor that enables globalisation is
Advancement in technology
Narrow Industrial Policies
Orthodox Foreign Trade Policy
Government controls and restrictions
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
Which of these is NOT one of the four factors that have helped to bring about globalisation?
Technological
Economic
Political
Education
Which of these is an example of a technological change that has created a global community?
The EU
The internet
Uber
Deliveroo
What are Free Trade Agreements?
No tax on goods moving between 2 countries
Agreement to allow all goods to move freely between 2 countries
Agreement to allow trade between 2 countries
treaties which make trade and investment between 2 or more countries easier
What is Foreign Direct Investment
is an investment made by a firm or individual in one country into business interests located in another country
is an investment made by a firm or individual in one country into business interests located within their country
is an investment made by a firm or individual in one country into a sports team of another country
Platform where people can invest directly in other countries
What is free trade?
Trade reflects the impact of
specialisation and exchange rates
This is international trade free from
artificial barriers such as import tariffs,
quotas and other trade barriers
This is international trade with artificial barriers such as import tariffs, quotas and other trade barriers
It is the best way to encourage free trade through the transit of goods between countries without paying taxes. Boosts trade through competitive and comparative advantages of goods.
Preferential trade
Non-tariff regulations reduction
Tariff Relief
Rules of Origin
A Free-trade agreement between the Caribbean and the United States of America
Caribbean Basin Initiative
Caribbean Initiative with the US
Caribbean US Trade Agreement
Caribbean Agreement USA
A Free Trade agreement between the Caribbean and Canada.
Canada Free Trade Agreement
Caribbean Canada Trade Agreement
Caribbean Free Trade Agreement
Caribbean Canada Initiative
Which of the following trade agreements would BEST describe an agreement between the Caribbean and Canada?
Bilateral
Multilateral
Unilateral
All of the above
A unilateral agreement is one that is made by Country A with Country B, without any expectation of a return from Country B.
True
False
Which of the following is the clearer indication of a trade agreement between/among Caribbean countries?
CARICOM
CCJ
CARIBCAN
CSME
