Welcome to your Globalization and the Indian Economy (Quiz)

1. 

2. 
What is the role of e-banking in globalization?

3. 
Which factor does NOT contribute to MNCs choosing a production location?

4. 
What was one major effect of liberalization of trade in India?

5. 
What type of products are typically produced by small producers for large MNCs?

6. 
In which sectors have MNCs shown the most interest in India?

7. 
What is one benefit to local companies when they collaborate with MNCs?

8. 
What step can ensure that workers benefit from globalisation?

9. 
What does MNC stand for?

10. 
What role do MNCs play in globalisation?

11. 
How has the use of containers in transportation benefited global trade?

12. 
Why do MNCs set up production near markets?

13. 
Which international entities supported India’s liberalization policy?

14. 
What has been one advantage of globalisation for urban consumers in India?

15. 
Why do US farmers sell their products at abnormally low prices in other countries?

16. 
What has led to the rapid rise in foreign trade and foreign investment by MNCs?

17. 
Which technology allows instant communication across the world at low costs?

18. 
Which sector provides the bulk of employment and a significant portion of GDP in India?

19. 
What is investment made by MNCs called?

20. 
How do large MNCs control production when they place orders with small producers?

21. 
What do MNCs often bring to local companies during joint production?

22. 
What factors influence MNCs to set up production in a particular location?

23. 
What role does Mexico and Eastern Europe play in the production process in the given example?

24. 
Which Indian company was bought by the American MNC, Cargill Foods?

25. 
Who has mostly benefited from globalisation so far?

26. 
Which country in the example provides cheap manufacturing locations?

27. 
What has been one effective way to influence decisions at the WTO?

28. 
Which organisation puts pressure on developing countries to liberalise trade and investment?

29. 
What is a trade barrier?

30. 
Which technology has played a major role in spreading out production of services across countries?

31. 
Which of the following best describes the transformation in production processes due to MNCs?

32. 
Why do MNCs set up factories in regions with cheap labour?

33. 
What is the money spent on buying land, buildings, machines, and equipment called?

34. 
What has been the effect of subsidies provided to US farmers on Indian farmers?

35. 
What is the most common route for MNC investments?

36. 
What is the meaning of globalisation?

37. 
Why did the Indian government impose trade barriers after independence?

38. 
How do MNCs contribute to the globalisation process?

39. 
What is liberalization of trade?

40. 
Which Indian company did Ford Motors collaborate with for setting up its plant in India?

41. 
Why are SEZs being set up in India?

42. 
Which of the following is a major factor that has stimulated the process of globalisation?

43. 
For how long are companies in SEZs exempted from paying taxes?

44. 
What are Special Economic Zones (SEZs) designed to provide?

45. 
What is one potential disadvantage of hiring workers flexibly for short periods?

46. 
What is the primary aim of the World Trade Organisation (WTO)?

47. 
Why has there been limited movement of people between countries in recent decades?

48. 
Why are SEZs considered attractive for foreign companies?

49. 
What is the primary concern regarding globalisation?

50. 
What is the meaning of 'fair globalisation'?

51. 

52. 
How do MNCs affect the competition in the market?

53. 
What has been demonstrated by people's organisations in recent years?

54. 
What flexibility in labour laws has been allowed in recent years?

55. 
Where is Ford Motors' large plant located in India?