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

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

  • Privatisation
  • Special Economic Zones (SEZs)
  • World Trade Organisation (WTO)
  • Fair globalisation
  • 3.  An MNC is a company that owns or controls production in

  • one country
  • more than one country
  • only developing countries
  • only developed countries
  • 4.  The process of rapid integration or interconnection between countries through free trade, free mobility of capital and labour is called

  • Foreign trade
  • Liberalisation
  • Globalisation
  • Privatisation
  • 5.  What was the main channel connecting countries in the past?

  • Labour
  • Religion
  • Technology
  • Trade
  • 6.  'The impact of Globalisation has not been fair.' Who among the following people have not benefitted from globalisation?

  • Well off consumers
  • Small producers and workers
  • Skilled and educated producers
  • Large wealthy producers
  • 7.  What is the main motive behind the investments of MNCs?

  • The main motive is to increase their assets and earn profits.
  • The main motive is the welfare of the poor people.
  • The main motive of an MNCs is to offer financial support to the government of their country.
  • The main motive is to benefit foreign countries.
  • 8.  “MNCs keep in mind certain factors before setting up production". Identify the incorrect option from the choices given below

  • Availability of cheap skilled and unskilled labour
  • Proximity to markets
  • Presence of a large number of local competitors
  • Favourable government policies
  • 9.  WTiich Indian company was bought over by Cargill Foods—a large American MNC? Pick out the name from the alternatives provided

  • Amul
  • Fun Foods Ltd.
  • Agro Tech Foods Ltd.
  • Parakh Foods
  • 10.  WTiich organisation supports liberalisation of foreign trade and investments in India?

  • International Labour Organisation (ILO)
  • World Bank
  • World Trade Organisation (WTO)
  • International Monetary Fund (IMF)
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