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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This mock test of Test: Globalisation & the Indian Economy- 2 for Class 10 helps you for every Class 10 entrance exam. This contains 20 Multiple Choice Questions for Class 10 Test: Globalisation & the Indian Economy- 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Globalisation & the Indian Economy- 2 quiz give you a good mix of easy questions and tough questions. Class 10 students definitely take this Test: Globalisation & the Indian Economy- 2 exercise for a better result in the exam. You can find other Test: Globalisation & the Indian Economy- 2 extra questions, long questions & short questions for Class 10 on EduRev as well by searching above.
QUESTION: 1

 Assertion: Until the middle of the 20th century, production was largely organised within countries.
Reason: Lack of trade among nations.

Solution:

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.

QUESTION: 2

Improvement in transport has helped in promotion of

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QUESTION: 3

Which one of the following Indian industries has been hit hard by globalisation?

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QUESTION: 4

Which of the following is correct about an MNC ?

Solution:

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.

QUESTION: 5

Assertion: Rapid improvement in technology has stimulated the globalisation process.
Reason: Everyone has benefited from globalisation.

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QUESTION: 6

BPOs have benefited growth of

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QUESTION: 7

World Trade Organisation (WTO) was started at the initiative of which one of the following group of countries?

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QUESTION: 8

An MNC produces goods

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QUESTION: 9

Assertion: Tax on imports is an example of trade barriers.
Reason: Government can use it to increase or decrease foreign trade.

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QUESTION: 10

Tata Steel is an

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QUESTION: 11

Which of the following organisations lays stress on liberalisation of foreign trade and foreign investment?

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QUESTION: 12

Where does an MNC set up production?

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QUESTION: 13

Assertion: Removing barriers or restrictions set by the government on trade is known as liberalisation.
Reason : This helps in the globalisation process

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QUESTION: 14

The past two decades of globalisation has seen rapid movements in

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QUESTION: 15

Investments made by MNCs are termed as:

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QUESTION: 16

Which of the following statements is not correct about MNCs?

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QUESTION: 17

Removing barriers or restrictions set by the government on foreign trade and foreign investment is known as

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QUESTION: 18

The most common route for investments by MNCs in countries around the world is to

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QUESTION: 19

Which of the following is not a feature of a MultiNational Company?

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QUESTION: 20

Which one of the following was the main aim to form ‘World Trade Organisation’ ?

Solution: