GK: Globalisation & Indian Economy, Class X

1. The process of rapid integration or interconnection between countries through free trade, free mobility of capital and labour is called

A) Liberalisation
B) Privatisation
C) Globalisation
D) Foreign Trade

... Answer is C)

2. It refers to the globalisation which creates opportunities for all and ensures that its benefits are better shared.

A) Liberalisation
B) World Trade Organisation
C) Fair Globalisation
D) Special Economic Zones (SEZ)

... Answer is C)

3.Tax on imports is an example of:

A) Trade Barrier
B)Collateral
C) Foreign Trade
D) Terms of Trade

... Answer is A)

4. Investments made by MNCs are termed as:

A) Domestic Investment
B) Foreign investment
C) Indigenous investment
D) None of these

... Answer is B)

5. Companies who set up production units in the Special Economic Zones (SEZs) do not have to pay taxes for an initial period of:

A) 2 Years
B) 4 Years
C) 5 Years
D) 10 Years

... Answer is C)

6.What was the main channel connecting country in the past?

A) Education
B) Technology
C) Religion
D) Trade

... Answer is D)

7. Which of the following organisations lays stress on liberalisation of foreign trade and foreign investment?

A) International Labour Organisation
B) International Monetary Fund
C) World Bank
D) World Trade Organisation

... Answer is D)

... Answer is B)

9.Globalisation has posed major challenges for:

A) Big Producers
B) Small Producers
C) Rural people
D) Urban people

... Answer is B)

10.An MNC is a company that owns or controls production in

A) Only developed countries
B) Only developing countries
C) One country
D) More than one country

... Answer is D)

11.Globalisation has created new opportunities of:

A) Employment
B) Emerging multinationals
C) Providing services
D) All of these

... Answer is D)

12. World Trade Organisation (WTO) was started at the initiative of which one of the following group of countries?

A) Rich countries
B) Poor countries
C) Developed Countries
D) Developing countries

... Answer is C)

13. Which of the following is not a feature of a Multi-National Company?

A) It owns/controls production in more than one nation.
B) It organised production in complex ways.
C) It sets up factories where it is close to the markets.
D) It employs labour only from its own country.

... Answer is D)

... Answer is B)

15.One major government initiative to attract foreign companies to invest in India is:

A) To raise the standard of education
B) to promote unemployment in the public sector
C) To build special economic zones
D) both (a) and (c)

... Answer is C)

16.Which of the following factors has not facilitate gobalisation?

A) Technology
B) Liberalisation of trade
C) Setting up WTO
D) Nationalisation of banks

... Answer is D)

17.Investment means spending factors on:

A) Machines
B) Equipment
C) Factory Buidling
D) All of these

... Answer is D)

18. The most common route for investment by MNCs in countries around the world is to:

A) set up new factories
B) buy existing local companies
C) form partnerships with local companies
D) none of these

... Answer is A)

19."MNCs keep in mind certain factor before setting up production". Identify the incorrect option from the following:

A) Availability of cheap skill and unskilled labour.
B) Favourable government policies.
C) Proximity to market
D) Presence of large number of local competitors

... Answer is D)

20.In which year did the government of India decide to remove barriers on foreign trade and investment?

A) 1990
B) 1991
C) 1995
D) 1951

... Answer is C)