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Free download in PDF Globalisation Multiple Choice Questions and Answers for competitive exams. These short objective type questions with answers are very important for Board exams as well as competitive exams like UPSC, SSC etc. These short solved questions or quizzes are provided by Gkseries.
(1)
MNC stands for
[A]
Multinational Corporation
[B]
Multination Corporation
[C]
Multinational Cities
[D]
Multinational Council
Answer: Multinational Corporation
(2)
Process of integration of different countries is called
[A]
Liberalization
[B]
Privatization
[C]
Globalization
[D]
None of the above
(3)
Globalization was stimulated by
[A]
Money
[B]
Transportation
[C]
Population
[D]
Computers
(4)
Liberalization does not include
[A]
Removing trade barriers
[B]
Liberal policies
[C]
Introducing quota system
[D]
None of the above
Answer: Introducing quota system
(5)
WTO stands for
[A]
World Tennis Organization
[B]
World Trade Office
[C]
World Trade Organization
[D]
World Trade center
Answer: World Trade Organization
(6)
SEZ stands for
[A]
Special Economic Package
[B]
Special Economic Zone
[C]
Special Ecology Zone
[D]
None of these
Answer: Special Economic Zone
(7)
Globalisation has led to higher standards of living of:
[A]
well-off consumers
[B]
poor consumers
[C]
big producers
[D]
None Of The Above
Answer: well-off consumers
(8)
Where do MNCs choose to set up production?
[A]
Cheap goods
[B]
Cheap labour resources
[C]
Economic sustainability
[D]
None of these
Answer: Cheap labour resources
(9)
Ford Motors entered the Indian automobile business in collaboration with which Indian manufacturer?
[A]
Mahindra and Mahindra
[B]
Tata Motors
[C]
Maruti Suzuki
[D]
None of the Above
Answer: Mahindra and Mahindra
(10)
What is happening with the import of Chinese toys in India ?
[A]
Indian toys are selling more
[B]
Indian consumers are buying less
[C]
Indian consumers are getting more choice at cheaper rates
[D]
Chinese consumers are falling short of choice
Answer: Indian consumers are getting more choice at cheaper rates
(11)
Trade between countries:
[A]
determines prices of products in different countries
[B]
decreases competition between countries
[C]
makes a country dependent on the other
[D]
none of these
Answer: determines prices of products in different countries
(12)
If tax is imposed on Chinese toys, what will happen?
[A]
Chinese toy-makers will benefit
[B]
Indian toy-makers will prosper
[C]
Chinese toys will remain cheap
[D]
Indian consumers will buy more Chinese toys
Answer: Indian toy-makers will prosper
(13)
Which out of the following is an example of a trade barrier?
[A]
Foreign investment
[B]
Delay or damage of goods
[C]
Tax on imports
[D]
None of these
(14)
Globalisation has created new opportunities of:
[A]
employment
[B]
emerging multinationals
[C]
providing services
[D]
all of the above
(15)
Globalisation has posed major challenges for:
[A]
Big Producers
[B]
Small Producers
[C]
Rural Poor
[D]
None Of These
(16)
With the growing competition, most employers these days prefer to employ workers:
[A]
Flexibly
[B]
Quickly
[C]
Selectively
[D]
None of the above
(17)
Fair globalisation would mean:
[A]
Fair Opportunities For All
[B]
Fair Benefits For All
[C]
More Support To Small Producers
[D]
All Of The Above
(18)
Organisation which does not facilitable the process of globalization:
[A]
IMF
[B]
World Bank
[C]
Asian Bank
[D]
WTO
(19)
In the 2006-07 Budget, the peak rate of custom duty was brought down to : (updated)
[A]
5%
[B]
10%
[C]
12%
[D]
20%
(20)
IMF commenced its operation in :
[A]
March 1947
[B]
April 1947
[C]
Dec 1947
[D]
April 1957
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