Test: Globalisation & the Indian Economy - 1


10 Questions MCQ Test Indian Economy for UPSC CSE | Test: Globalisation & the Indian Economy - 1


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Attempt Test: Globalisation & the Indian Economy - 1 | 10 questions in 10 minutes | Mock test for Class 10 preparation | Free important questions MCQ to study Indian Economy for UPSC CSE for Class 10 Exam | Download free PDF with solutions
QUESTION: 1

Assertion: Multinational companies help in the growth of local companies.
Reason: The activities of MNCs like research manufacturing, customer care services are spread over many countries.

Solution:

Multinational companies may help and invest in the local companies giving them another dimension to expand. However, possible reason cannot be the spread of services in many countries because it may just exploit the available labor force.

QUESTION: 2

Globalisation will result in

Solution:
QUESTION: 3

Removing barriers or restrictions set by the government is called:

Solution:

The removing barriers or restrictions set by the government is called liberalization.

QUESTION: 4

Assertion: World Trade Organisation forms rules and regulations for all the member nations.
Reason: World Trade Organisation handles trade disputes.

Solution:
QUESTION: 5

Liberalisation is..............

Solution:
QUESTION: 6

Rapid Integration or interconnection between countries is known as:

Solution:
QUESTION: 7

Assertion: Indian government encouraged foreign trade and investment for development.
Reason: Rate of economic growth of India is low.

Solution:
QUESTION: 8

 Uder liberal policy there has been removal of

Solution:
QUESTION: 9

Globalisation has led to an improvement in living conditions:

Solution:
  • With the technological advancements and setting up of multi-national companies in different states, new jobs have sprung up for many people and the living conditions are getting better with the introduction of new products in the market.
  • They provide a great source for boosting up economies, global transport, etc.
  • The interconnection between the economies gets a way lot easier.
QUESTION: 10

Assertion: Indian market is not expanding because of RBI.
Reason: The policy of globalisation and liberalisation has removed trade barriers.

Solution:
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