ESI (Economic and Social Issues) Quiz 13 for RBI, NABARD, SEBI, IRDA and Other Banking Exams; Chapter – Globalization June 27, 2020June 10, 2021 CHAPTER: GLOBASIZATION Please enter your email: 1. Globalization was stimulated by Money Transportation Population Computers None of the above 2. Liberalization does not include Removing trade barriers Liberal policies Introducing quota system None of the above Any of the above 3. WTO stands for World Tennis Organization World Trade Office World Trade Organization World Trade center None of the above 4. SEZ stands for Special Economic Package Special Economic Zone Special Ecology Zone None of these Any of the above 5. Globalisation has led to higher standards of living of: well-off consumers poor consumers big producers Small producers None Of The Above 6. Where do MNCs choose to set up production? Cheap goods Cheap labour resources Economic sustainability Close to metro cities None of the above 7. Ford Motors entered the Indian automobile business in collaboration with which Indian manufacturer? Mahindra and Mahindra Tata Motors Maruti Suzuki Bajaj None of the above 8. What is happening with the import of Chinese toys in India ? Indian toys are selling more Indian consumers are buying less Indian consumers are getting more choice at cheaper rates Chinese consumers are falling short of choice None of the above 9. Trade between countries: determines prices of products in different countries decreases competition between countries makes a country dependent on the other none of these Any of the above 10. If tax is imposed on Chinese toys, what will happen? Chinese toy-makers will benefit Indian toy-makers will prosper Chinese toys will remain cheap Indian consumers will buy more Chinese toys None of the above Loading …