MCQs of Globalization
Amalgamation and rapid unification between countries can be identified as
A) Globalization
B) Liberalization
C) Socialization
D) Privatization
Answer A
Globalization has improved in the living structure of
A) All the people
B) Workers in developing countries
C) People in developed countries
D) None of the above.
Answer B
Which organizations lay stress on the liberalization of foreign investment and foreign trade?
A) International Monetary Fund
B) World Health Organization
C) World Trade Organization
D) International Labour Organization
Answer C
Tax on imports can be treated as
A) Collateral
B) Trade Barriers
C) Foreign Trade
D) Terms of Trade
Answer B
The main reason behind MNCs investments is
A) To benefit foreign countries
B) To provide financial support to the country’s government
C) For the welfare of underprivileged people.
D) To increase the assets and earn profits.
Answer D
‘The impact of Globalization has not been fair.’ Who among the following people have not
benefitted from globalization?
a) Well off consumers
b) Small producers and workers
c) Skilled and educated producers
d) Large wealthy producers
Answer: b
What was the main channel connecting countries in the past?
a) Labour
b) Religion
c) Technology
d) Trade
Answer: d
The process of rapid integration or interconnection between countries through free trade, free
mobility of capital and labor is called
a) Foreign trade
b) Liberalization
c) Globalization
d) Privatization
Answer: c
An MNC is a company that owns or controls production in
a) one country
b) more than one country
c) only developing countries
d) only developed countries
Answer: b
It refers to the globalization which creates opportunities for all and ensures that its benefits are
better shared.
a) Privatization
b) Special Economic Zones (SEZs)
c) World Trade Organization (WTO)
d) Fair globalization
Answer: d
Which of the following is not a feature of a Multi-National Company?
a) It owns/controls production in more than one nation.
b) It sets up factories where it is close to the markets.
c) It organizes production in complex ways.
d) It employs labor only from its own country.
Answer: d
Which one of the following is not characteristic of 'Special Economic Zone’?
a) They do not have to pay taxes for long period.
b) Government has allowed flexibility in labor laws.
c) They have world class facilities.
d) They do not have to pay taxes for an initial period of five years.
Answer: a
Investments made by MNCs are termed as:
a) Indigenous investment
b) Foreign investment
c) Entrepreneur’s investment
d) None of the above
Answer: b
World Trade Organization (WTO) was started at the initiative of which one of the following
group of countries?
a) Rich countries
b) Poor countries
c) Developed countries
d) Developing countries
Answer: c
Rapid integration or interconnection between countries is known as:
a) Privatisation
b) Globalization
c) Liberalization
d) Socialization
Answer: b
