MCQ Globalization and the Indian Economy.
1. MNC stands for
(i) Multinational Corporation (ii) Multination Corporation
(iii) Multinational Cities (iv) Multinational Council
2. Investment made by MNCs is called
(i) Investment (ii) Foreign Trade
(iii) Foreign Investment (iv) Disinvestment
3. Process of integration of different countries is called
(i) Liberalisation (ii) Privatisation
(iii) Globalisation (iv) None of the above
4. MNCs do not increase
(i) Competition (ii) Price war (iii) Quality (iv) None of the above
5. This helps to create an opportunity for the producers to reach beyond the domestic market
(i) Foreign trade (ii) Domestic trade (iii) Internal trade (iv)Trade barrier
6. Foreign Trade
(i) Increases choice of goods (ii) Decreases prices of goods
(iii) Increases competition in the market (iv) Decreases earnings
7. Globalisation was stimulated by
(i) Money (ii) Transportation (iii) Population (iv) Computers
8. Production of services across countries has been facilitated by
(i) Money (ii) Machine (iii) Labour (iv) Information and communication technology
9. Tax on imports is an example of
(i) Investment (ii) Disinvestment (iii) Trade barrier (iv) Privatisation
10. Liberalisation does not include
(i) Removing trade barriers (ii) Liberal policies
(iii) Introducing quota system (iv) Disinvestment
Answer Key of MCQ:1(i) 2(iii) 3(iii) 4(iv) 5(i) 6(iv) 7(ii) 8(iv) 9(iii) 10(iii)
