Globalisation is the process of rapid integration or interconnection of countries. MNCs are playing a major role in the process of globalisation.
- More and more goods and services, investments, and technologies are moving between countries.
- There is one more way in which nations can be connected. This is through the movement of people between the nations.
- In other words, globalisation can be defined as the opening of nationalistic and local outlooks to a broader perspective of an interlinked and interdependent world with free transfer of goods, capitals, and services across the national borders.
Given are the important MCQs on globalisation to analyse your understanding of the topic. The answers are also given for your reference.
MCQs on Globalisation
What is the amalgamation and rapid unification between countries identified as?
Globalisation has improved the living structure of which of the following?
A) All the people
B) Workers in developing countries
C) People in developed countries
D) None of the above
Which Indian industries have been hit by globalisation?
C) Toy making
D) Information technology (IT)
Which of these organisations strains on the liberalisation of foreign investment and foreign trade?
A) International Monetary Fund
B) World Health Organisation
C) World Trade Organisation
D) International Labour Organisation
What is the tax on imports treated as?
B) Trade barriers
C) Foreign trade
D) Terms of trade
Which of the following is the main reason behind the investments of MNCs?
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
Which of these institutes supports investments and foreign trade in India?
A) International Monetary Fund (IMF)
B) World Trade Organisation (WTO)
C) World Bank
D) International Labour Organisation (ILO)
When did the government remove the barriers for investment in India?
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