ESI (Economic and Social Issues) Quiz 15 for RBI, NABARD, SEBI, IRDA and Others : Globalization June 27, 2020June 10, 2021 CHAPTER: GLOBALIZATION Please enter your email: 1. Where do MNCs choose to set up production? Cheap goods Cheap labour resources Economic sustainability None of the above 2. Cargill Foods, an MNC has bought over which indigenous Indian company? Amul Britannia Parakh Foods Dabur None of the above 3. Ford Motors entered the Indian automobile business in collaboration with which Indian manufacturer? Mahindra and Mahindra Tata Motors Maruti Suzuki Hindustan Motors None of the above 4. Trade between countries: determines prices of products in different countries decreases competition between countries makes a country dependent on the other none of the above 5. Globalisation by connecting countries leads to: lesser competition among producers greater competition among producers no competition between producers none of these 6. One major factor that has stimulated the globalisation process is: effective utilisation of resources increase in income and wealth willingness to cooperate rapid improvement in technology None of the above 7. Which out of the following is an example of a trade barrier? Foreign investment Delay or damage of goods Tax on imports None of these 8. Removing barriers or restrictions set by the government is called: Liberalisation Investment Favourable trade Free trade None of the above 9. WTO aims at: establishing rules for domestic trade restricting trade practices liberalising international trade none of these 10. Which out of the following industries has a large number of well-off buyers in urban areas? Footwear Automobiles Jewellery Clothing and accessories None of the above 11. Globalisation has created new opportunities of: employment emerging multinationals providing services all of the above none of the above 12. One major government initiative to attract foreign companies to invest in India is: to raise the standard of education to promote unemployment in the public sector to build special economic zones both (a) and (c) None of the above 13. Globalisation has posed major challenges for: big producers small producers rural poor Urban poor None of the above 14. With the growing competition, most employers these days prefer to employ workers: flexibly quickly selectively None of these 15. Globalisation opportunities for paid work for women has denied them: good health good education permanent job temporary job None of these 16. Fair globalisation would mean: fair opportunities for all fair benefits for all more support to small producers all of the above None of the above 17. Government can make globalisation more ‘fair’ by: increasing competition increasing employment implementing the labour laws imposing trade barriers None of the above Loading …