Globalisation is the process of rapid integration or interconnection of countries. MNCs are playing a major role in the globalisation process.
- More and more goods and services, investments and technology are moving between countries.
- There is one more way in which the countries can be connected. This is through the movement of people between countries.
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, capital and services across the national borders.
Given below are important MCQs on Globalisation to analyze your understanding of the topic. The answers are also given for your reference.
Amalgamation and rapid unification between countries can be identified as
Globalisation 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.
Which Indian industries have been hit by globalisation?
C) Toy making
D) Information Technology (IT)
Which organisations strain 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
Tax on imports can be treated as
B) Trade Barriers
C) Foreign Trade
D) Terms of Trade
The main reason behind MNCs investments are
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 institute 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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