Which of these has grown tremendously in the wake of the growth of MNC's? Amalgamation and rapid unification between countries can be identified as (A) Globalisation (B) Liberalisation (C) Socialisation (D) Privatisation. 2. (adsbygoogle = window.adsbygoogle || []).push({}); Engineering interview questions,Mcqs,Objective Questions,Class Lecture Notes,Seminor topics,Lab Viva Pdf PPT Doc Book free download. It began developing as an outwardly opening economy, with the aim of linking, integrating and unifying domestic economy with world economy. Answer. Ans. More and more goods and services, investments and technology are moving between countries. Understand the concept clearly by consistently practicing the Multiple Choice Questions and score well in your exams. Understand the concept clearly by consistently practicing the Multiple Choice Questions and score well in your exams. GLOBALISATION: Globalization is primarily economic phenomenon, involving the increasing interaction, or integration, of national economic systems through the growth in international trade, investment, and capital flows. a) 1990 More and more goods and services, investments and technology are moving between countries. MCQs on Globalisation: Below are the list of Commerce MCQs and Answers as per the new syllabus. 6. Tax on imports can be treated as The past two decades of globalisation has seen rapid movements in: (a) goods, services and people between countries (b) goods, services and investments between countries ... liberalisation (b) investment (c) … These reforms paved the way for initiating the process of liberalisation and globalisation of Indian economy. The main reason behind MNCs investments are (A) All the people Increase in competition : The process of globalisation and liberalisation has increased the competition among the different industries. When did the government remove the barriers for investment and investment in India? Globalisation MCQ Test contains 10 questions. 4Q. Copyright 2020 , Engineering Interview Questions.com. Please keep a pen and paper ready for rough work but keep your books away. Which Indian industries have been hit by globalisation? MNC stands for(i) Multinational Corporation (ii) Multination Corporation(iii) Multinational Cities (iv) Multinational Council 2. (a) globalisation (b) liberalisation (c) privatisation (d) none of these Ans : (a) globalisation 18. tax on imports. There will be total 10 MCQ in this test. Your email address will not be published. (D) To increase the assets and earn profits. (A) To benefit foreign countries Though some liberalisation proposals were prefaced in the 1980’s in areas of export-import policy, technology up-gradation, fiscal policy and foreign investment, industrial licensing, economic reform policies launched in 1991 were more general. (B) World Health Organisation (D) None of the above. (B) Liberalisation Check the below NCERT MCQ Questions for Class 11 Business Studies Chapter 11 International Business 1 with Answers Pdf free download. _____ refers to relaxation of produce government restriction usually in areas of social and economic polices: (a) Privatisation (b) Globalisation (c) Disinvestment (d) Liberalisation. Answer. Globalisation and the Indian Economy Class 10 MCQs Questions with Answers. Required fields are marked *. We have Provided Globalisation and the Indian Economy Class 10 Economics MCQs Questions with Answers to help students understand the … Liberalization vs. Answers to Economics MCQ Questions are available at the end of the last question. (b) Globalisation (c) Liberalisation (d) Socialisation Q5 (CBSE 2011): Which one of the following has benefited least because of globalisation in India? ADVERTISEMENTS: Multiple Choice Questions and Answers on Globalisation and the Indian Economy Related posts: 15 Multiple Choice Questions and Answers on Nationalism in India Multiple Choice Questions and Answers on National Economy 50 multiple choice questions with answers Multiple Choice Questions and Answers on Manufacturing Industries Multiple Choice Questions and Answers on … There is one more way in which the countries can be connected. Q: List three factors for globalisation. Your email address will not be published. 1. Removing barriers or restrictions set by the government on trade is called liberalization. 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Liberalisation Trade Barriers : It refers to the various restrictions which are used by the government to increase or decrease foreign trade. Answer: b. On 8th November 2016, with the announcement from Government of India, all the ₹500 and ₹1,000 banknotes of the Mahatma Gandhi series have ceased to be a legal tender. This test is Rated positive by 85% students preparing for Class 10.This MCQ test is related to Class 10 syllabus, prepared by Class 10 teachers. Ace up your preparation with the Objective Questions available on Globalisation and enhance your subject knowledge. D) To increase the assets and earn profits. C) For the welfare of underprivileged people. 1. MNCs are playing a major role in the globalisation process. Which institute supports investments and foreign trade in India? By practicing Class 10 Economics Chapter 4 MCQ with Answers, you … Which institute supports investments and foreign trade in India? 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