Globalization

Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> What is the integration between countries through foreign trade and investments by multinational companies known as?

1. Nationalization
2. International trade
3. Globalization
4. Foreign investment

Q. Write a short note on the World Trade Organization (WTO) and its functions.

Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> State which of the following is/are exchanged between countries due to globalization.

1. Culture
2. People
3. Capital
4. Pollution

Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Sameer makes videos on gadgets and then uploads them on the internet for people to see. For this, he orders new gadgets using the internet from all around the world. The gadgets are delivered to him within a week.

Which of the following defines the above phenomenon?

1. It is the process by which the ownership of businesses is transferred from the government to private players.
2. It is the process where trade barriers are removed so that countries can trade freely with each other.
3. It is the process of interconnection and integration between countries where there are various cross-border transactions.
4. It is the process by which the ownership of businesses is transferred from the private players to the government.

Q. In today's world, we travel to different countries and exchange goods, services, capital, and technology with other countries because of .

1. privatisation
2. globalization
3. liberalisation
4. nationalisation

Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Identify the process that has made the world one big global market.

1. Liberalisation
2. Globalization
3. Privatisation
4. Internationalisation

Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Analyse which of the following events is an example of globalization.

1. A heart surgery specialist travelled from Karnataka to Canada to treat a patient.
2. Customer care service of Infochip, an Indian company, hired by FMCG company of Banglore.
3. Trip from Jammu and Kashmir to Kerala
4. Use of digital camera produced by a foreign company to click photos