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