Welcome to your Globalization and the Indian Economy (Quiz)

1. 
What is investment made by MNCs called?

2. 
Why did the Indian government impose trade barriers after independence?

3. 
What role do MNCs play in globalisation?

4. 
For how long are companies in SEZs exempted from paying taxes?

5. 
How has the use of containers in transportation benefited global trade?

6. 
Which of the following best describes the transformation in production processes due to MNCs?

7. 
What is one benefit to local companies when they collaborate with MNCs?

8. 
What factors influence MNCs to set up production in a particular location?

9. 
What is the primary aim of the World Trade Organisation (WTO)?

10. 
Why has there been limited movement of people between countries in recent decades?

11. 
What has led to the rapid rise in foreign trade and foreign investment by MNCs?

12. 
What is the money spent on buying land, buildings, machines, and equipment called?

13. 
What is liberalization of trade?

14. 
What step can ensure that workers benefit from globalisation?

15. 
What does MNC stand for?

16. 
What is the role of e-banking in globalization?

17. 
What are Special Economic Zones (SEZs) designed to provide?

18. 
Which international entities supported India’s liberalization policy?

19. 
What role does Mexico and Eastern Europe play in the production process in the given example?

20. 
Which sector provides the bulk of employment and a significant portion of GDP in India?

21. 
Why are SEZs being set up in India?

22. 
What is one potential disadvantage of hiring workers flexibly for short periods?

23. 
What is the meaning of globalisation?

24. 
Who has mostly benefited from globalisation so far?

25. 

26. 
Which of the following is a major factor that has stimulated the process of globalisation?

27. 
Why do MNCs set up factories in regions with cheap labour?

28. 
Which technology has played a major role in spreading out production of services across countries?

29. 
What flexibility in labour laws has been allowed in recent years?

30. 
Which country in the example provides cheap manufacturing locations?

31. 
Where is Ford Motors' large plant located in India?

32. 
What has been demonstrated by people's organisations in recent years?

33. 
How do large MNCs control production when they place orders with small producers?

34. 
Which Indian company did Ford Motors collaborate with for setting up its plant in India?

35. 
Which Indian company was bought by the American MNC, Cargill Foods?

36. 
What has been one advantage of globalisation for urban consumers in India?

37. 
Which technology allows instant communication across the world at low costs?

38. 
What is the most common route for MNC investments?

39. 
Which factor does NOT contribute to MNCs choosing a production location?

40. 
What has been one effective way to influence decisions at the WTO?

41. 
What was one major effect of liberalization of trade in India?

42. 
What is the primary concern regarding globalisation?

43. 
How do MNCs affect the competition in the market?

44. 
Why do US farmers sell their products at abnormally low prices in other countries?

45. 
In which sectors have MNCs shown the most interest in India?

46. 
What do MNCs often bring to local companies during joint production?

47. 
What type of products are typically produced by small producers for large MNCs?

48. 
Why are SEZs considered attractive for foreign companies?

49. 
How do MNCs contribute to the globalisation process?

50. 
What is the meaning of 'fair globalisation'?

51. 
What has been the effect of subsidies provided to US farmers on Indian farmers?

52. 

53. 
Why do MNCs set up production near markets?

54. 
What is a trade barrier?

55. 
Which organisation puts pressure on developing countries to liberalise trade and investment?