Globalisation and Its Benefits

Q.

Describe the role of technology in promoting the globalisation process.

Q. is a process of integration and interconnection between countries.

1. Globalisation
2. Privatisation
3. Liberalisation
4. Diversification

Q. Which of the following is not a feature of globalisation?

1. Technology is a facilitating factor for globalisation.
2. Globalisation attracts foreign capital investment.
3. Globalisation is a process of interconnection and integration.
4. Globalisation is limited to trade in goods and services only.

Q. Technological advancement is one of the most important factors for the success of globalisation.

Why is the above sentence correct?

1. Technology increases the speed of information and communication.
2. Technology increases domestic investment.
3. Technology enhances the mobility of people as well as goods.
4. Technology brings innovation in the service sector.

Q. What role played by globalisation had an adverse impact on the economy?

1. The variety of products available in the market was increased.
2. Foreign capital investment was increased.
3. Domestic producers could earn more due to increased exports.
4. Small producers could not compete with international private players.

Q. Which of the following statements justifies the meaning of globalisation accurately?

1. It is an integration of economies of two countries.
2. It is the process of economic integration and interdependence between countries.
3. It is the process of expansion of business of MNCs at a global scale.
4. It is the process of transferring the ownership and management of public companies to private sectors across countries.

Q. The process of globalisation facilitates trade and exchange of many factors. Which of the following is not one of those?

1. Technology
2. Labour
3. Trade secret
4. Capital

Q. Earlier, only a few mobile phone manufacturers were operating in India. But now the number of such manufacturers has increased.

What could be the possible reason for such a change? Choose the appropriate option.

1. Introduction of liberalisation, privatisation, and globalisation policies
2. Imposition of heavy taxes on imports
3. Introduction of licence system
4. Restriction on flow of labour, capital, goods, and services.