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