Globalisation And The Indian Economy Question MCQ
Globalization MCQ Question 21. In which year did the government decide to remove barriers on foreign trade and investment in India?
(a) 1993
(b) 1992
(c) 1991
(d) 1990
Answer
Answer: c
MCQ On Globalization Question 22. Which of the following industries have been hard hit by foreign competition?
(a) Dairy products
(b) Leather industry
(c) Cloth industry
(d) Vehicle industry
Answer
Answer: a
MCQ On Globalisation And Liberalisation Question 23. _____________ refers to all those different economic reforms or policy measures and changes which aim at increasing the productivity and efficiency by creating an environment of competition in the economy.
Answer:
Explanation: New Economic Policy
Economics MCQ Question 24. Indian government felt the need for removing barriers on foreign trade and foreign investment in ____________ .
Answer:
Explanation: 1991
Globalization Multiple Choice Questions And Answers Question 25. A _____________ is a company that owns or controls production in more than one nation/country.
Answer:
Explanation: Multinational Corporation (MNC)
Globalisation And The Indian Economy Questions Answers Question 26. _____________ refers to exchange of goods, i.e., purchase and sale, across geographical boundaries of the countries.
Answer:
Explanation: Foreign trade
- The main aim of World Trade Organisation is _____________ .
Answer:
Explanation: To liberalise international trade
- ‘Increased job opportunities’ is an impact of _____________ .
Answer:
Explanation: Globalisation
- The industrial zones which are set up to attract the foreign investment are known as _____________ .
Answer:
Explanation: Special Economic Zones (SEZs)
- ‘Increase in GNP’ is a positive impact of liberalisation. (True/False)
Answer:
Explanation:
True, as with the trade and investment barriers being removed, international trade and investments would get promoted.
