Globalisation And The Indian Economy Question MCQ
- Mention two benefits that local companies get when they set up production units in association with the MNCs.
Answer:
Explanation:
The benefits that local companies can get are:
(a) MNCs can provide money for additional investment like buying latest and new machines for faster production.
(b ) MNCs might bring the latest technology of production with them.
- How are the MNCs spreading their production across the globe?
Answer:
Explanation:
MNCs are spreading their production across the globe by setting up partnerships with local companies, by using the local companies for supplies and by closely competing with local companies or buying them up.
- What happens to the sales of the Indian toys when Chinese toys invade the domestic market?
Answer:
Explanation:
As a result of the invasion of Chinese toys in the domestic market, the sale of Indian toys fall.
- Define globalisation.
Answer:
Explanation:
Globalisation is the process of rapid integration or interconnection between countries.
- Due to which reason the latest models of different items are available within our reach? [Foreign 2016]
Answer:
Explanation:
Due to Globalisation, the latest variety of different items is available within our reach.
- Give one major factor that has stimulated the globalisation process.
Answer:
Explanation:
Rapid improvement in technology has stimulated the globalisation process.
- What is meant by trade barrier? [All India 2016]
Answer:
Explanation:
Tax on imports by the government is called trade barrier. It is called a barrier because some restrictions have been set up.
- How government can use trade barriers?
Answer:
Explanation:
Government can use trade barriers to increase or decrease foreign trade and to decide what kind of goods and how much of each good should come into the country.
- Why had the Indian Government put barriers to foreign trade and foreign investment after independence? State any one reason. [Delhi 2015]
Answer:
Explanation:
To save domestic producers from international competition so that they may develop.
- Why did the Indian Government remove barriers to a large extent on foreign trade and foreign investment? [Foreign 2015]
Answer:
Explanation:
Indian Government felt that time has come for Indian producers to compete in international markets.
