The Globalisation And Indian Economy Quiz
Removing barriers or restrictions set by the government is called:
Liberalisation
Investment
Favorable trade
Free trade
Investments made by MNCs are termed as:
Indigenous investment.
Foreign investment
Entrepreneur's investment
None
Which of the following is not a feature of a Multi-National Coorporation ?
It owns/controls production in more than one nation.
It sets up factories where it is close to the markets.
It organises production in complex ways.
It employs labour only from its own country
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.
MNCs keep in mind certain factors before setting up production”. Identify the incorrect option from the choices given below :
Availability of cheap skilled and unskilled labour
Proximity of market
Presence of a large number of local competitors
Favorable government policy
Which of these organisation favours the policy of liberalisation?
World trade organization (WTO)
International Monetary Fund (IMF)
World bank
Planning commission
Identify the company that has gained and become a multinational as a result of globalization.
IOC
HAL
BHEL
INFOSYS
The World Trade Organisation was formed in ____.
1995
1985
1975
1982
Globalisation does not involve which one of the following?
Rapid integration between countries
Movement of people between countries for jobs, education etc.
Increased taxes on imports
More goods and services moving between countries
Trade barrier refers to :
Tax on export.
Tax on sale
Tax on import.
None
IT stands for :
Institution Technology.
Inspection technology
Information technology
None
Mention the factors that have enabled globalisation ?
Transportation Technology
Information Technology
Liberalisation
a , b & c
The money that is spent to buy assets such as land, building, machines and other equipment is called ______.
Currency
Cheque
Investment
None
Foreign trade refers to ____
Trade in foreign currency.
Exchange of goods among countries
Trade within a country
None
Ford Motors, an American company, is one of the world’s largest _______ manufacturers .
Bulb
Bicycle
Automobiles
None
You got {number correct}/{number of questions} correct answers