Globalisation and Indian Economy

Consider the following statements:
1. Until the middle of the twentieth century, production was largely organised within countries.
2. An MNC is a company that owns or controls production in more than one nation.
The correct statement(s) is/are:

Under the globalisation system, Multi-National Companies (MNCs):
1. Produce the goods and services globally.
2. Sell its finished products globally.
Choose the correct answer using the options given below:

Which of the following factor(s) determines/determine the location of production centres of MNCs?
1. Proximity to market
2. Available of skilled workforce
3. Cheap manufacturing
Choose the correct answer using the options given below:

Which of the following is/are among benefits of collaboration of domestic company with MNCs?
1. More capital investments
2. Newer technology
3. Guaranteed market
Choose the correct answer using the options given below:

Which of the following is the most common way of MNC investment in a country?

Which of the following is the most basic function of foreign trade?

Globalisation causes cross-border movement of which of the following?
1. Movements of goods
2. Investments and technology
3. Political control
Choose the correct answer using the options given below:

Consider the following statements:
1. After independence, India did not allow import of any goods.
2. All developed countries, during the early stages of development, have given protection to domestic producers.
The correct statement(s) is/are:

Consider the following statements:
1. Post-1991 economic reforms, businesses have been allowed to make decisions freely about what they wish to import or export.
2. Removing barriers or restrictions set by the government is known as liberalisation.
The correct statement(s) is/are:

Consider the following statements about Special Economic Zones (SEZs):
1. SEZs are to have world class infrastructure facilities.
2. Companies who set up production units in the SEZs are completely tax free.
The correct statement(s) is/are:

World Trade Organisation (WTO) is concerned with:

Which of the following can be the consequences of ‘Protectionism’ coupled with ‘Import Substitution’?
1. Blocking large MNCs from entering into domestic markets
2. Revival of domestic employment
3. Reduction in foreign investment