Welcome to your Globalization and the Indian Economy MCQs Mock Test 10th Class S.St.
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Q1. Large MNCs in the ………….industry in Europe and America order their products from Indian exporters?
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Q2. What do MNCs buy at cheap rates from small producers?
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Q3. Which MNCs have invested in setting up factories in India for production?
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Q4. ………… has helped most in the spread of production of services?
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Q5. What is the integration between countries through foreign trade and foreign investments by multinational corporations (MNCs)?
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Q6. ………… have been a major force in the globalization process connecting distant regions of the world?
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Q7. What are the key ideas behind understanding the process of globalisation and its impact?
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Q8. Which factors has globalization been facilitated by?
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Q9. What is a multinational corporation-MNC?
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Q10. MNCs set up offices and factories for production in regions where they can get…………………..?
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Q11. MNCs generally manufacture goods and market them……….
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Q12. The money that is spent to buy assets such as land, building, machines and other equipment by MNCs is called………?
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Q13. What advantage do the local companies have by setting up joint production with MNCs?
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Q14. The most common route for MNC investments is to buy up ……………….
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Q15. In which other way do the MNCs control production?
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Q16. Ford Motors came to India in 1995, by 2017, Ford Motors was selling …………….. cars in the Indian markets?
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Q17. Which Indian companies have invested abroad?
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Q18. Within a year, ……….. of the toy shops had replaced Indian toys with Chinese toys?
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Q19. Globalisation, by connecting countries, shall result in ……….?
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Q20. What has been one major factor that has stimulated the globalisation process?
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Q21. Goods are placed in ……….. that can be loaded intact onto ships, railways, planes and trucks?
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Q22. What is used to contact one another around the world, to access information instantly, and to communicate from remote areas?
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Q23. Suppose the Indian government puts a tax on the import of toys from China, what would happen?
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Q24. Governments use …………… to increase or decrease (regulate) foreign trade and to decide what kinds of goods and how much of each, should come into the country?
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Q25. Removing barriers or restrictions set by the government is what is known as……..?
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Q26. ………..is one such organisation whose aim is to liberalise international trade?
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Q27. How many countries of the world are currently members of the WTO?
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Q28. The central and state governments in India have set up………… to attract foreign companies to invest in India?
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Q29. Which Indian Company has emerged as an MNC?
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Q30. Give examples of industries in India where the small manufacturers have been hit hard due to competition?
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Q31) Which of the following statements are true about MNCs?
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Q 32. The MNC is not only selling its finished products globally but, more importantly, the goods and services are produced globally. State whether true or false.
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Q 33. ___________ provides the advantage of being a cheap manufacturing location.
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Q 34. Cargill Foods, a very large ________ MNC, is the largest producer of edible oil in India, with a capacity to make 5 million pouches daily.
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Q 35. __________, footwear, sports items are examples of industries where production is carried out by a large number of small producers around the world.
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Q 36. __________, an American company, is one of the world’s largest automobile manufacturers with production spread over 26 countries of the world.
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Q 37. The products are supplied to the MNCs, which then sell these under their own brand names to the customers. These large MNCs have tremendous power to determine the _____.
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Q 38. Ford Motors came to India in _______ and spent Rs. 1700 crore to set up a large plant near Chennai.
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Q 39. When Ford established its manufacturing plant in India, it had collaborated with _______.
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Q 40. Ford Motors was selling 27,000 cars in the Indian markets, while 24,000 cars were exported from India to South Africa, Mexico and _______.
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Q 41. Chinese toys have become more popular in the Indian markets. Within a year, ___________ of the toy shops have replaced Indian toys with Chinese toys.
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Q 42. Which of the following is true regarding the opening of trade?
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Q 43. Globalisation is a process of slow integration or interconnection between countries. State whether true or false.
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Q 44. _________ have led to huge reduction in port handling costs and increased the speed with which exports can reach markets.
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Q 45. The cost of _______has fallen. This has enabled much greater volumes of goods being transported by _______.
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Q 46. Governments can use trade barriers to increase or decrease (regulate) foreign trade and to decide what kinds of goods and how much of each, should come into the country. State whether true or false.
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Q 47. Removing barriers or restrictions set by the government is known as _____.
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Q 48. Starting around ________, some far-reaching changes in policy were made in India. The government decided that the time had come for Indian producers to compete with producers around the globe.
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Q 49. Nearly _________ countries of the world are members of the WTO, as of June 2014.
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Q50. Started at the initiative of the ________, WTO establishes rules regarding international trade, and sees that these rules are obeyed.
