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