Welcome to your Globalization and the Indian Economy (Quiz)
1. Why do MNCs set up production near markets?
2. What is the most common route for MNC investments?
3. What has been demonstrated by people's organisations in recent years?
4. Which sector provides the bulk of employment and a significant portion of GDP in India?
5. What has been the effect of subsidies provided to US farmers on Indian farmers?
6. Which of the following best describes the transformation in production processes due to MNCs?
7. What is the role of e-banking in globalization?
8. Which Indian company did Ford Motors collaborate with for setting up its plant in India?
9. In which sectors have MNCs shown the most interest in India?
10. What has been one effective way to influence decisions at the WTO?
11. What does MNC stand for?
12. What is investment made by MNCs called?
13. What is the primary concern regarding globalisation?
14. How has the use of containers in transportation benefited global trade?
15. What was one major effect of liberalization of trade in India?
16. What is the money spent on buying land, buildings, machines, and equipment called?
17. Which of the following is a major factor that has stimulated the process of globalisation?
18. How do large MNCs control production when they place orders with small producers?
19. Which Indian company was bought by the American MNC, Cargill Foods?
20. What is the meaning of 'fair globalisation'?
21. Why has there been limited movement of people between countries in recent decades?
22. What role do MNCs play in globalisation?
23. What are Special Economic Zones (SEZs) designed to provide?
24. Where is Ford Motors' large plant located in India?
25. Which factor does NOT contribute to MNCs choosing a production location?
26. Why do MNCs set up factories in regions with cheap labour?
27. What type of products are typically produced by small producers for large MNCs?
28. Which country in the example provides cheap manufacturing locations?
29. Which technology has played a major role in spreading out production of services across countries?
30. What has led to the rapid rise in foreign trade and foreign investment by MNCs?
31. How do MNCs contribute to the globalisation process?
32. Which organisation puts pressure on developing countries to liberalise trade and investment?
33. What factors influence MNCs to set up production in a particular location?
34. Why are SEZs considered attractive for foreign companies?
35. Why do US farmers sell their products at abnormally low prices in other countries?
36. Which technology allows instant communication across the world at low costs?
37. How do MNCs affect the competition in the market?
38. What step can ensure that workers benefit from globalisation?
39. What is a trade barrier?
40. Why are SEZs being set up in India?
41. What has been one advantage of globalisation for urban consumers in India?
42. For how long are companies in SEZs exempted from paying taxes?
43. What is the primary aim of the World Trade Organisation (WTO)?
44. What is one potential disadvantage of hiring workers flexibly for short periods?
45. What role does Mexico and Eastern Europe play in the production process in the given example?
46. Who has mostly benefited from globalisation so far?
47. What is the meaning of globalisation?
48. Why did the Indian government impose trade barriers after independence?
49. What is liberalization of trade?
50. What is one benefit to local companies when they collaborate with MNCs?
51. What flexibility in labour laws has been allowed in recent years?
52. What do MNCs often bring to local companies during joint production?
53. Which international entities supported India’s liberalization policy?
