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