Ch-4 ‘Globalization and the Indian Economy’-MCQs

Q1.Ford motors came to India in,

		1996
		1995
		1994
		1990

Q 2. Benefit to the local company of joint production with MNCs is (i) Money from MNCs for additional investments
(ii) Moral & Social support
(iii) Latest technology for production
(iv) All of them

		(i) and (ii)
		(ii) and (iii)
		(iii) and (iv)
		(i) and (iii)

Q 3.Number of workers that small industries in India employ

		18 million
		19 million
		20 million
		21 million

Q4.Examples of industries where production is carried out by a large number of small producers around the world

		Garments
		Footwear
		Sport items
		All of them

Q5. Industries where small manufacturers have been hit hard due to competition.

		Batteries
		Tyres
		Dairy Products
		All of them

Q 6. To get large orders, Indian exporters try hard to cut their own costs by

		Reducing cost of raw materials
		Reducing advertising and marketing cost
		Reducing electricity cost
		Cutting labour cost

Q 7. Around which year, need for removing barriers on foreign trade and foreign investment in India was felt?

		1990
		1991
		1992
		2000

Q8. Company that owns or controls production in more than one nation

		Foreign companies
		Government companies
		Multinational companies
		Private companies

Q9. Globalisation, by connecting countries, shall result in

		lesser competition among producers.
		greater competition among producers
		no change in competition among producers.

Q10. Tax on imports is an example of

		Terms of Trade
		Collateral
		Trade Barriers
		Foreign Trade

Q11. Cargill is now the largest producer of edible oil in India, with a capacity to make __________ pouches daily

	6 million
	5 million
	4 million
	55 million

Q12.Effect of Chinese toys on Indian toy makers is

	No effect
	Making profits
	Suffering losses
	None of them

Q13. Investment made by MNCs is called

	Mutual investment
	Inter-government investment
	Portfolio Investment
	Foreign investment

Q14. Examples of industries where production is carried out by a large number of small producers around the world

	Garments
	Footwear
	Sport items
	All of them

Q15.Allowing private sector to set up more and more of such industries as were previously reserved for public sector.

	Globalisation
	Privatisation
	Privatisation
	Socialisation

Q16.Till 2006, how many members were there in WTO?

	139
	150
	101
	149

Q17. Benefit to the local company of joint production with MNCs is (i) Money from MNCs for additional investments
(ii) Moral & Social support
(iii) Latest technology for production
(iv) All of them

	(i) and (ii)
	(ii) and (iii)
	(iii) and (iv)
	(i) and (iii)

Q18.The past two decades of globalisation has seen rapid movements in

	goods, services and people between countries.
	goods, services and investments between countries.
	goods, investments and people between countries.

Q19. Globalisation has led to improvement in living conditions

	of all the people
	of people in the developed countries
	of workers in the developing countries
	none of the above.

Q20. Tax on imports is an example of

	Terms of Trade
	Collateral
	Trade Barriers Foreign Trade