Globalisation and The Indian Economy

Which statement best describes the relationship between globalisation and technology?

1. Technology has slowed globalisation
2. Technology has helped connect economies worldwide
3. Technology has stopped international trade
4. Technology has reduced communication

What does MNC stand for?

1. Multi National Company
2. Modern National Corporation
3. Market Network Centre
4. Multiple Natural Countries

Which of the following is a positive impact of globalisation?

1. Increased unemployment everywhere
2. Greater availability of goods and services
3. Complete removal of local industries
4. Reduction in technology development

Which organisation provides loans and financial assistance for development projects?

1. World Bank
2. WTO
3. MNC
4. Local government

Which group is most likely to benefit from increased competition due to globalisation?

1. Consumers
2. Only large companies
3. Government offices
4. Import restrictions

What is the main aim of multinational corporations?

1. To stop international trade
2. To earn profits by expanding business globally
3. To reduce production permanently
4. To avoid competition

Which sector has benefited significantly from globalisation in India?

1. Information technology sector
2. Traditional handicrafts only
3. Local transport only
4. Small farming only

What is meant by trade barrier?

1. Restrictions on international trade
2. Increase in production
3. Improvement in technology
4. Development of industries

Which policy change was introduced by the Indian government in 1991 to promote globalisation?

1. Increase in trade barriers
2. Liberalisation of the economy
3. Ban on foreign investment
4. Closing of industries

Which of the following is an example of a multinational corporation?

1. A local grocery shop
2. A village cooperative
3. A company operating production in many countries
4. A small family business

What is foreign investment?

1. Investment made within the same country
2. Investment made by one country's company in another country
3. Government expenditure only
4. Investment in agriculture only

Which factor has greatly helped the process of globalisation?

1. Improved transport and communication technology
2. Increase in trade restrictions
3. Decrease in production
4. Reduction in technology use

A company that owns or controls production in more than one country is called:

1. Small-scale industry
2. Public sector company
3. Multinational corporation
4. Cooperative society

Which organisation works to liberalise international trade among countries?

1. World Bank
2. World Trade Organization
3. United Nations Security Council
4. International Monetary Fund

What is meant by globalisation?

1. Restriction of trade between countries
2. Integration of production and markets across countries
3. Closing of industries in a country
4. Complete dependence on local markets