• 1. 
    Removing barriers or restrictions set by the government is called:

  • Liberalisation
  • Investment
  • Fovourable trade
  • Free trade
  • 2. 
    Rapid integration or interconnection between countries is known as:

  • Privatisation
  • Globalisation
  • Liberalisation
  • Socialisation
  • 3. 
    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.
  • 4. 
    Which one of the following Indian indus¬tries has been hit hard by globalisation?

  • Information Technology (IT)
  • Toy making
  • Jute
  • Cement
  • 5. 
    World Trade Organisation (WTO) was started at the initiative of which one of the following group of countries?

  • Rich countries
  • Poor countries
  • Developed countries
  • Developing countries
  • 6. 
    Which of the following organisations lays stress on liberalisation of foreign trade and foreign investment?

  • International Labour Organisation
  • International Monetary Fund
  • World Health Organisation
  • World Trade Oraganisation
  • 7. 
    Investments made by MNCs are termed as:

  • Indigenous investment
  • Foreign investment
  • Entrepreneur’s investment
  • None of the above
  • 8. 
    Which of the following is not a feature of a Multi-National Company?

  • It owns/controls production in more than one nation.
  • It sets up factories where it is close to the markets.
  • It organises production in complex ways.
  • It employs labour only from its own country.
  • 9. 
    Tax on imports is an example of:

  • Terms of Trade
  • Collateral
  • Trade Barriers
  • ForeignTrade
  • 10. 
    Which one of the following is not characteristic of‘Special Economic Zone’?

  • They do not have to pay taxes for long period.
  • Government has allowed flexibility in labour laws.
  • They have world class facilities.
  • They do not have to pay taxes for an initial period of five years.
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