4.4 MULTIPLE CHOICE QUESTIONS : (MCQ’s)
1. Which one of the following traders results in the integration of markets in different countries ?
2. Globalisation integrates different countries _____
3. WTO was started at the initiative of _____
4. Which of the definitions is related to foreign trade ?
5. Which one of the following means removing barriers or restrictions set by the government on trade .
6. Which one of the following plays a major role in the globalisation process ?
7. Which organisation in the world is supposed to allow free trade for all ?
8. In which of the following industries are MNC’s mostly interested ?
9. Which one of the following countries provides the advantage of being close to us markets for MNC’s ?
10. Which one of the following allows us to send e-mail and talk (voice-mail) across the world at negligible cost ?
11. How many of the following are currently member countries of WTO ?
12. Which one of the following plays a major role in the globalisation process ?
13. Which one of the following countries provides the advantage of being a cheap manufacturing location for MNC’s ?
14. For which one of the following purposes is any investment made by MNC’s ?
15. WTO (World Trade Organisation) was started at the initiative of __________ .
16. MNCs stands for __________ .
17. ___________ means to rid industry and trade of unnecessary restriction .
18. The new Economic policy was adopted in __________ .
19. The money spent to buy assets such as land , building , machines and other equipment is ___________ .
20. IT stands for _________ .
Answers:
2. d)All of the above
3. c)Developed countries
4. a)Trade between the countries
5. b)Liberalization
6. d)MNC’s
8. d)Cell phones
9. c)Mexico
10. b)Internet
11. b)149
12. c)MNC’s
14. d)Earn profits
15. b) Developed countries
16. c)Multi-National Corporations
17. b)Liberalisation
19. d)Investment
20. a)Information Technology