Question

1. Globalisation has led to improvement in:
A) Choice to consumers
B) Quality of goods and services
C) Foreign investment
D) All of the above
2. Which of the following factors has not facilitated globalisation?
A) Technology
B) Liberlisation of trade
C) WTO
D) Nationalisation of banks
3. One of the major results of globalisation in India has been in the growth of:
A) Outsourcing by MNCs
B) Transportation services
C) Telecommunication services
D) None of the above
4. Globalisation so far has been more in favour of:
A) Developed countries
B) Developing countries
C) Under developed countries
D) poor countries
5. Multinational corporations have succeeded in entering global market
A) WTO
B) UNO
C) UNESCO D) RTO
6. FDI (Foreign Direct Investment) attracted by globalisation in India
the:
A) World Bank
B) Multinationals
C) Foreign governments
D) Individuals
7. When economic activities in a country are influenced by economi
other countries, it is called
A) Foreign trade B) Competition c) Globalisation D) Prhal
8. Which of the following contributes to globalisation?
A) Internal trade
B) External trade
C) Large scale trade
D) Small scale trade
9. Liberalisation refers to:
A) Freeing the economy from direct control
B) Putting an end to various restrictions
C) Opening up the economy
D) All of the above​

Answer 1

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Answer 2

1. Globalization has led to improvement in option D - All of the above.

Choice to consumers, Quality of goods and services and Foreign investment are correct.

2. option D -  Nationalization of banks has not facilitated globalization.

3. One of the major results of globalization in India has been in the growth of option A - Outsourcing by MNCs.

4. Globalization so far has been more in favor of option A -  developed countries.

5. Multinational corporations have succeeded in entering global market - option A - WTO.

6. FDI (Foreign Direct Investment) attracted by globalization in India the - option B - Multinationals.

7. When economic activities in a country are influenced by economy of other countries, it is called Option c - Globalization.

8. Option B - External trade  contributes to globalization.

9.  Liberalization refers to - option D - All of the above​.

Freeing the economy from direct control, Putting an end to various restrictions and Opening up the economy.

Globalization:

• The integration of a country's economy with the global economy is referred to as globalization.
• It has a variety of facets.
• It is the end result of a variety of tactics aimed at changing the world in order to make it more interdependent and integrated.
• It entails the development of networks and initiatives that break through social, economic, and geographic barriers.
• Globalization aims to create connections between events such that those happening far away can influence those happening in India.

Effect of Globalization in India:

• One of the nations that had tremendous success following the start and execution of globalization is India.
• The country is seeing a huge increase in foreign investment in the corporate, retail, and scientific sectors.
• Additionally, it had a significant impact on social, financial, cultural, and political spheres.
• Due to advancements in information technology and transportation, there has been a surge in globalization recently.
• Global trade, doctrines, and culture are all growing as global synergies get better.

Globalization in the Indian economy:

• Indian society is undergoing significant change as a result of urbanization and globalization.
• The fundamental structure of the economy has been directly shaped by economic policy.
• Government-created and -managed economic policies were crucial in determining the levels of societal savings, employment, income, and investments.
• One of the most significant effects of globalization on Indian society is cross-country culture.
• Cultural, social, political, and economic components of the nation have all undergone major transformation as a result.
• The primary component, however, that transforms a nation's economy into a global economy is economic unification.

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