Test: Globalisation & the Indian Economy - 2
20 Questions MCQ Test Indian Economy for UPSC CSE | Test: Globalisation & the Indian Economy - 2
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Assertion: Until the middle of the 20th century, production was largely organised within countries.
Reason: Lack of trade among nations.
Reason: Lack of trade among nations.
Until the middle of the twentieth century, production was largely organised within countries. Only raw materials, food stuff and finished products were exported to other countries. India exported raw materials and food stuff and imported finished goods. Trade was the main channel connecting distant countries.
Improvement in transport has helped in promotion of
Which one of the following Indian industries has been hit hard by globalisation?
Which of the following is correct about an MNC ?
MNC stands for Multinational Corporation. It refers to a company which is operating in two or more countries and managed from one country where it is headquartered. It is also called as multinational enterprise (MNE), stateless corporation or transnational corporation. An MNC may have its offices and factories in different countries, but its head office or headquarter is usually located in the country of origin.
Assertion: Rapid improvement in technology has stimulated the globalisation process.
Reason: Everyone has benefited from globalisation.
World Trade Organisation (WTO) was started at the initiative of which one of the following group of countries?
Assertion: Tax on imports is an example of trade barriers.
Reason: Government can use it to increase or decrease foreign trade.
Which of the following organisations lays stress on liberalisation of foreign trade and foreign investment?
Where does an MNC set up production?
Assertion: Removing barriers or restrictions set by the government on trade is known as liberalisation.
Reason : This helps in the globalisation process
The past two decades of globalisation has seen rapid movements in
Investments made by MNCs are termed as:
Which of the following statements is not correct about MNCs?
Removing barriers or restrictions set by the government on foreign trade and foreign investment is known as
The most common route for investments by MNCs in countries around the world is to
Which of the following is not a feature of a MultiNational Company?
Which one of the following was the main aim to form ‘World Trade Organisation’ ?
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