CBSE - Globalisation and the Indian Economy

1 Globalisation and the Indian Economy Production of services across countries has been facilitated by
(1) Money
(2) Machine
(3) Labor
(4) Information and communication technology

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

4 Globalisation and the Indian Economy Globalisation has posed major challanges for:
(1) Big producers
(2) Small producers
(3) Rural poor
(4) Urban poor

5 Globalisation and the Indian Economy Entry of MNCs in a domestic market may prove harmful for :
(1) all large scale producers.
(2) all domestic producers.
(3) all substandard domestic producers.
(4) all small scale producers.

6 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

7 Globalisation and the Indian Economy Which one of the following categories refers to investment ? [
(1) The money that is spent to buy assets such as land, building, machines, etc.
(2) The money that is spent on religious ceremonies.
(3) The money that is spent on social customs.
(4) The money that is spent on household goods.

8 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

9 Globalisation and the Indian Economy SEZ stands for
(1) Special Economic Package
(2) Special Economic Zone
(3) Special Ecology Zone
(4) None of these

10 Globalisation and the Indian Economy Process of integration of different countries is called
(1) Liberalization
(2) Privatization
(3) Globalization
(4) None of the above