Globalisation And The Indian Economy Question MCQ
- ‘Deregulation of Industries’ is a feature of economic reforms introduced in 1991 in India. (True/False)
Answer:
Explanation:
True, as the government imposes less restrictions and is more liberal.
- Rapid integration or interconnection between countries is known as socialisation. (True/False)
Answer:
Explanation:
False, as rapid integration or interconnection between countries is known as globalisation.
- World Trade Organisation (WTO) was started at the initiative of developing countries. (True/False)
Answer:
Explanation:
False, as World Trade Organisation (WTO) was started at the initiative of developed countries.
- ‘Ensuring that rules are being followed’ is a function of World Trade Organisation. (True/False)
Answer:
Explanation:
True, as it is an international body looking after the free-trade between the numbers.
- As on July 2016, 175 countries are the members of World Trade Organisation. (True/False)
Answer:
Explanation:
False, as on July 2016, nearly 165 countries are the members of World Trade Organisation.
- UNICEF is one such organisation whose aim is to liberalise international trade. (True/False)
Answer:
Explanation:
False, as WTO is one such organisation whose aim is to liberalise international trade and not UNICEF.
- Define a Multinational Corporation (MNC).
Answer:
Explanation:
A Multinational Corporation (MNC) is a company that owns or controls production in more than one nation.
- Why do MNCs set up their offices and factories in those regions where they get cheap labour and other resources? [All India 2016]
Answer:
Explanation:
To redu.ee their cost of production and increase their profits.
- Define investment.
Answer:
Explanation:
Money that is spent to buy assets such as land, building, machines and other equipments is called investment.
- What is foreign investment?
Answer:
Explanation:
Investment made by MNCs to buy assets like land, building, machines and other equipments is called foreign investment.
