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WorksheetsPreliminary Examination- Contemporary World
Total questions: 32
Worksheet time: 29mins
Which among the following are inter-related elements identified by WHO that supports the idea of globalization?
The prioritizing of necessities to support the needs of the citizens and the avoidance of the wants in life
The opening of international borders and the changes in institutional policies at national and international levels
The opening of domestic borders and the maintaining of institutional policies at national and international border
All of the these
Globalization is possible in all areas except:
Common religion
Increased trade
Common currency
Global transportation
Which of the following is demerit of globalization?
Globalization motivates consumerism
Globalization reduces the prospects of tyranny
Globalization allows us to pool all our resources together
Globalization would also reduce labor exploitation issues
Which of the following is the negative impact of cultural homogenization?
Establishment of standards of labor practice
Increase in the use of labor extensive techniques
Increase in the Gross Per capita of the Global citizens
Increase pressure in the development of monoculture
Social, political, economics, ecological and ideological are examples of:
Merits of globalization
Reasons for globalization
Indicators of globalization
Dimensions of globalization
The following are barriers of Globalization, EXCEPT:
Geographical claims
Cultural differences
Ethnocentrism tendency
Improvement of communications
The following are reasons for economic globalization, EXCEPT:
Migration resulting from conflicts and persecution
Domestic market cannot support the demands of product
The more competitors available in the market the cheaper the price
Labor outsourcing is cheaper when created in the developing countries
Which of the following to be considered as main reason for establishing an international financial institution?
To rebuild the damaged global economy brought by war
To rebuild the trust of different nations and countries
To build diplomatic relationship and alliances
None of the above
Which among the following is the possible reason for a corporation to transfer its operation in some countries?
Transferring to other country may bring raw materials farther than the usual
Transferring to other country may lessen capital inputs and brings more profit
Transferring to other country may increase capital inputs and brings more profit
Transferring to other country may decreased the number of target consumer
The following are the possible reasons for a corporation to transfer its operation in some countries, EXCEPT:
Transferring to other country may bring raw materials nearer than the usual
Transferring to other country may lessen capital inputs and brings more profit
Transferring to other country may increase capital inputs and brings more profit
Transferring to other country may increase the number of target consumer
Which among the following is likely a negative impact of economic globalization among developing countries?
Developing countries attracts foreign investment that results lesser actions taken against corporations who often violates environmental laws and regulation
Developing countries attracts foreign investment that results greater actions taken against corporations who often violates environmental laws and regulation
Developing countries attracts foreign investment that results greater action taken against corporations who often violates labor laws
Developing countries attracts foreign investment that results greater action taken against corporations who often violates consumer rights
Which among the following covers the diffusion of belief, practices and issues concerning population growth, media, urbanization, tourism and education?
Social Globalization
Cultural Globalization
Economic Globalization
Disembodied Globalization
What best represents the structure of an interstate system?
Compensation on allies
Comparison within allies
Competition between allies
Competing and allying states
Which of the following deals with the dispersion and exchange of agents or representatives of various institutions, policies and organizations?
Political Globalization
Embodied Globalization
Socio-Cultural Globalization
Agency-Extended Globalization
The following are the basic aspects of globalization identified by the IMF, EXCEPT…
Trade and transaction
Capital and investment movements
Migration and Movement of people
Suppress of information
Which of The following is a consequence of globalization?
Decreasing interdependence between national economies
Increase in barriers to cross-border trade
Increasing outsourcing of services
Differentiation of material culture
Which of the following organizations is primarily responsible for policing the world trading system and making sure nation-states adhere to the rules laid down in trade treaties signed by member states?
TBA
WTO
IDA
ICJ
The following are the basic aspects of globalization identified by the IMF, EXCEPT…
Trade and transaction
Capital and investment movements
Migration and Movement of people
Suppress of information
Which of the following that best describes International Monetary Fund?
It was established to formulate a coordinated policy response to financial crises in developing nations.
It is seen as the lender of last resort to nation-states whose economies are in turmoil.
It is responsible for establishing multinational treaties to govern the global business system.
It is primarily responsible for policing the world trading system.
Which of the following promote by the World Trade Organization?
Regulation of national economies
Lowering of barriers to cross-border trade and investment
State ownership of major enterprises
Infrastructural development in poor nations through low-interest loans
1st Statement : Global corporations are bounded by domestic laws
2nd Statement : Global corporations are bounded by the international law
First statement is correct and second statement is incorrect
Second statement correct and first statement is incorrect
Both statements are correct
Both statements are incorrect
1st Statement : IFI’s are chartered by more than one country and therefore are subjects to international law
2nd Statement : Most of the prominent IFI’s are creation of multiple nations, although some bilateral financial institutions exist and are technically IFIs
First statement is correct and second statement is incorrect
Second statement correct and first statement is incorrect
Both statements are correct
Both statements are incorrect
1st Statement : Countries are not allowed to become a member in a regional development bank if they are not part of the region
2nd Statement : Countries are not allowed to join world bank if they are a developing country
First statement is correct and second statement is incorrect
Second statement correct and first statement is incorrect
Both statements are correct
Both statements are incorrect
1st Statement : The creation of World Trade Organization made countries cut down trade barriers and open up their current accounts and capital accounts.
2nd Statement : The International Monetary Funds is dealing with global rules of trade.
First statement is correct and second statement is incorrect
Second statement correct and first statement is incorrect
Both statements are correct
Both statements are incorrect
1st Statement : IMF provides loan intended for investment and development
2nd Statement : MDB's provides loan intended to ease the balance of payments
First statement is correct and second statement is incorrect
Second statement correct and first statement is incorrect
Both statements are correct
Both statements are incorrect
1st Statement : Loans provided by IMF and MDB's have higher rates of interest compared to the market
2nd Statement : Loans provided by IMF and MDB's have lower rates of interest compared to the market
First statement is correct and second statement is incorrect
Second statement correct and first statement is incorrect
Both statements are correct
Both statements are incorrect
1st Statement : The IMF and MDB's reinforced relationship among nation states
2nd Statement : The IMF and MDB's weakens relationship among nations.
First statement is correct and second statement is incorrect
Second statement correct and first statement is incorrect
Both statements are correct
Both statements are incorrect
1st Statement : Corporate Giants was coined by Charles Taze Russel.
2nd Statement : Teodore Levitt popularized the term globalization
First statement is correct and second statement is incorrect
Second statement correct and first statement is incorrect
Both statements are correct
Both statements are incorrect
1st Statement : Market Integration exist when products are found in different locations in the world
2nd Statement : Market Integrations exist when certain products are only available in a certain place in the world
First statement is correct and second statement is incorrect
Second statement correct and first statement is incorrect
Both statements are correct
Both statements are incorrect
1st Statement : Economic trades and services started around 20th century
2nd Statement : Economic trades and services started during the pre-historic era
First statement is correct and second statement is incorrect
Second statement correct and first statement is incorrect
Both statements are correct
Both statements are incorrect
Discuss the impact of technological change on global markets.
What is The World Bank? What its relationship to the Philippines?
