Welcome to your Globalization and the Indian Economy (Quiz)

1. 

2. 
What is the meaning of globalisation?

3. 
What do MNCs often bring to local companies during joint production?

4. 
How do MNCs contribute to the globalisation process?

5. 
How do large MNCs control production when they place orders with small producers?

6. 
What has led to the rapid rise in foreign trade and foreign investment by MNCs?

7. 
Which Indian company did Ford Motors collaborate with for setting up its plant in India?

8. 
Which sector provides the bulk of employment and a significant portion of GDP in India?

9. 
What has been demonstrated by people's organisations in recent years?

10. 
What is the primary aim of the World Trade Organisation (WTO)?

11. 
Which Indian company was bought by the American MNC, Cargill Foods?

12. 
What is the primary concern regarding globalisation?

13. 
Why has there been limited movement of people between countries in recent decades?

14. 
What was one major effect of liberalization of trade in India?

15. 
What is liberalization of trade?

16. 
What is a trade barrier?

17. 
Why do MNCs set up factories in regions with cheap labour?

18. 
What has been the effect of subsidies provided to US farmers on Indian farmers?

19. 
What flexibility in labour laws has been allowed in recent years?

20. 
What does MNC stand for?

21. 
Which of the following best describes the transformation in production processes due to MNCs?

22. 
Which international entities supported India’s liberalization policy?

23. 
Which technology has played a major role in spreading out production of services across countries?

24. 
Which technology allows instant communication across the world at low costs?

25. 
What are Special Economic Zones (SEZs) designed to provide?

26. 
What type of products are typically produced by small producers for large MNCs?

27. 
Why do US farmers sell their products at abnormally low prices in other countries?

28. 
What is the money spent on buying land, buildings, machines, and equipment called?

29. 
What has been one effective way to influence decisions at the WTO?

30. 
Who has mostly benefited from globalisation so far?

31. 
Which of the following is a major factor that has stimulated the process of globalisation?

32. 
Why are SEZs considered attractive for foreign companies?

33. 
How do MNCs affect the competition in the market?

34. 
Which organisation puts pressure on developing countries to liberalise trade and investment?

35. 
What role do MNCs play in globalisation?

36. 
What is one potential disadvantage of hiring workers flexibly for short periods?

37. 
What has been one advantage of globalisation for urban consumers in India?

38. 
How has the use of containers in transportation benefited global trade?

39. 
What step can ensure that workers benefit from globalisation?

40. 
What factors influence MNCs to set up production in a particular location?

41. 
Why did the Indian government impose trade barriers after independence?

42. 
What role does Mexico and Eastern Europe play in the production process in the given example?

43. 
Where is Ford Motors' large plant located in India?

44. 
Why are SEZs being set up in India?

45. 
What is one benefit to local companies when they collaborate with MNCs?

46. 
Why do MNCs set up production near markets?

47. 
What is investment made by MNCs called?

48. 
Which factor does NOT contribute to MNCs choosing a production location?

49. 
In which sectors have MNCs shown the most interest in India?

50. 

51. 
Which country in the example provides cheap manufacturing locations?

52. 
For how long are companies in SEZs exempted from paying taxes?

53. 
What is the role of e-banking in globalization?

54. 
What is the most common route for MNC investments?

55. 
What is the meaning of 'fair globalisation'?