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