CBSE - Globalisation and the Indian Economy

1 Globalisation and the Indian Economy Foreign Trade
(1) Increases choice of goods
(2) Decreases prices of goods
(3) Increases competition in the market
(4) Decreases earnings

2 Globalisation and the Indian Economy Which one of the following is not true regarding the World Trade Organisation?
(1) It allows free trade to all countries without any trade barriers.
(2) Its aim is to liberalise international trade.
(3) It establishes rules regarding internaional trade.
(4) WTO rules have forced the developing countries to remove trade barriers.

3 Globalisation and the Indian Economy MNC stands for
(1) Multinational Corporation
(2) Multination Corporation
(3) Multinational Cities
(4) Multinational Council

4 Globalisation and the Indian Economy Multinational corporations have succeeded in entering global markets through
(1) WTO
(2) UNO
(3) UNESCO
(4) none of the above

5 Globalisation and the Indian Economy Why do MNCs set up offices and factories in more than one nation ?
(1) The cost of production is high and the MNCs can earn profit.
(2) The cost of production is low and the MNCs undergoes a loss.
(3) The cost of production is low and the MNCS can earn greater profit.
(4) The MNCs want to make their presence felt globally.

6 Globalisation and the Indian Economy Which one among the following is a far reaching change in the policy made in India in 1991 ?
(1) Removing barriers or restrictions set by the government which is known as liberalisation.
(2) Put barriers to foreign trade and foreign investments.
(3) Restrictions set by the government to protect the producers within the country from foreign competition.
(4) By giving protection to domestic producers through a variety of me

7 Globalisation and the Indian Economy A company that operates in more than one country is called a
(1) partnership
(2) corporation
(3) foreign company
(4) multinational

8 Globalisation and the Indian Economy Small Scale industries face competition from
(1) Rising prices
(2) Cheap imports
(3) Exports
(4) Subsidy

9 Globalisation and the Indian Economy This helps to create an opportunity for the producers to reach beyond the domestic market
(1) Foreign trade
(2) Domestic trade
(3) Internal trade
(4)Trade barrier

10 Globalisation and the Indian Economy Which of the following organisations lays stress on liberalisation of foreign trade and foreigninvestment ?
(1) International Labour Organisation
(2)World Health Organisation
(3) International Monetary Fund
(4)World Trade Organisation