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Globalisation and the Indian Economy
Class X ( Eco L- 4 )
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Q1. Removing barriers or restrictions set by the government is called:
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(a) Liberalisation
(b) Investment
(c) Fovourable trade
(d) Free trade
Q2. Rapid integration or interconnection between countries is known as:
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(a) Privatisation
(b) Globalisation
(c) Liberalisation
(d) Socialisation
Q3. Which one of the following Indian industries has been hit hard by globalisation?
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(a) Information Technology (IT)
(b) Toy making
(c) Jute
(d) Cement
Q4. World Trade Organisation (WTO) was started at the initiative of which one of the following group of countries?
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(a) Rich countries
(b) Poor countries
(c) Developed countries
(d) Developing countries
Q5. Which of the following organisations lays stress on liberalisation of foreign trade and foreign investment?
1 point
(a) International Labour Organisation
(b) International Monetary Fund
(c) World Health Organisation
(d) World Trade Oraganisation
Clear selection
Q6. Investments made by MNCs are termed as:
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(a) Indigenous investment
(b) Foreign investment
(c) Entrepreneur’s investment
(d) None of the above
Q7. Which of the following is not a feature of a Multi-National Company?
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(a) It owns/controls production in more than one nation.
(b) It sets up factories where it is close to the markets.
(c) It organises production in complex ways.
(d) It employs labour only from its own country.
Q8. Tax on imports is an example of:
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(a) Terms of Trade
(b) Collateral
(c) Trade Barriers
(d) ForeignTrade
Q9. Which one of the following is not characteristic of ‘Special Economic Zone’?
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(a) They do not have to pay taxes for long period.
(b) Government has allowed flexibility in labour laws.
(c) They have world class facilities.
(d) They do not have to pay taxes for an initial period of five years.
Q10. Companies who set up production units in the Special Economic Zones (SEZs) do not have to pay taxes for an initial period of:
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(a) 2 years
(b) 5 years
(c) 4 years
(d) 10 years
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