Globalisation And The Indian Economy Question MCQ
- What do you mean by fair globalisation?
Answer:
Explanation:
Fair globalisation means creating opportunities for all. It also ensures better sharing of the benefits of globalisation.
- What do you think can be done so that trade between countries is more fair?
Answer:
Explanation:
All countries should remove trade barriers to make for a fair international trade. Developed countries should desist from forcing the developing countries in agreements which they themselves may not obey.
- Differentiate between investment and foreign investment. [Delhi 2016]
Answer:
Explanation:
The money that is spent to buy assets such as land, building, machine and other equipments is known as investment whereas investment made by a MNC is known as foreign investment.
- What is the basic function of foreign trade?
Answer:
Explanation:
Foreign trade creates an opportunity for the producers to reach beyond the domestic market, i.e., markets of their own countries.
- What prompts people to move from one country to another?
Answer:
Explanation:
People usually move from one country to another in search of better income, jobs and education.
- Which factor is responsible for the faster delivery of goods across the world in recent times?
Answer:
Explanation:
Improvement in transportation technology.
- After independence, which items were allowed to be imported by the government of India?
Answer:
Explanation:
The government of India allowed imports of only essential items such as machinery, fertilizers, petroleum etc. after independence.
- After independence, which items were allowed to be imported by the government of India?
Answer:
Explanation:
MNCs have been interested in industries such as cell phones, automobiles, electronics, softdrinks and fast food.
- What has brought about the availability of greater choice of goods in the market for the consumers?
Answer:
Explanation:
The entry of MNCs in the market has led to the availability of greater choice of goods for the consumers.
- In which two different forms do we participate in the market?
Answer:
Explanation:
We participate as producers and consumers in the market.
