Time Left:
600
sec
1. What does globalisation mean in simple terms?
A. Integration of people only
B. Integration of countries through trade and investment
C. Integration of cultures only
D. Integration of politics only
2. Which of the following is a multinational corporation (MNC)?
A. A company producing in one nation
B. A company that controls production in more than one nation
C. A company that sells only in domestic markets
D. A company with no foreign investment
3. Why do MNCs set up offices and factories in other countries?
A. To increase competition
B. To get cheap labour and resources
C. To avoid customers
D. To pay higher taxes
4. What is foreign investment?
A. Buying goods from abroad
B. Selling goods abroad
C. Money spent by MNCs to buy assets like land and machines in another country
D. Employing foreign workers
5. Which company bought Parakh Foods in India?
A. Ford Motors
B. Nokia
C. Cargill Foods
D. Infosys
6. The main channel connecting countries in the past was:
A. Tourism
B. Trade
C. Communication
D. Transport
7. What is the basic function of foreign trade?
A. To restrict trade within a country
B. To increase government taxes
C. To create opportunities for producers to reach beyond domestic markets
D. To reduce competition
8. What happened when Chinese toys entered the Indian market?
A. Indian toys became more popular
B. Indian toys were exported more
C. Indian toy makers faced losses
D. Prices of toys increased
9. What does foreign trade lead to?
A. Isolation of markets
B. Integration of markets
C. Reduction of goods
D. Increased taxes
10. Which American company set up a large plant near Chennai in 1995?
A. Pepsi
B. Ford Motors
C. Coca-Cola
D. Nike
11. How much did Ford Motors invest in India to set up its plant?
A. Rs.700 crore
B. Rs.1000 crore
C. Rs.1700 crore
D. Rs.2000 crore
12. What is the most common route for MNC investments?
A. Setting up new factories only
B. Buying up local companies
C. Hiring local workers
D. Exporting goods directly
13. What is liberalisation?
A. Removing barriers set by the government on trade and investment
B. Increasing restrictions on imports
C. Taxing foreign goods heavily
D. Allowing only domestic trade
14. After Independence, why did India put barriers on foreign trade and investment?
A. To promote tourism
B. To protect domestic producers from foreign competition
C. To encourage imports
D. To reduce employment
15. Which organisation aims to liberalise international trade?
A. UNO
B. UNESCO
C. WTO
D. IMF
16. How many countries are currently members of WTO (as per the text)?
A. About 120
B. About 140
C. About 160
D. About 200
17. Which sector in India provides the bulk of employment and GDP share?
A. Industry
B. Services
C. Agriculture
D. IT sector
18. What is the effect of globalisation on well-off consumers in India?
A. Lesser choice of goods
B. Poor quality products
C. More choice, better quality and lower prices
D. No change in lifestyle
19. Which industries in India have attracted more MNC investment?
A. Agriculture
B. Small-scale industries
C. Automobiles, cell phones, electronics, banking
D. Cottage industries
20. Which Indian company has emerged as a multinational in automobiles?
A. Infosys
B. Tata Motors
C. Ranbaxy
D. Asian Paints
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