Tamil Nadu (English Medium) Plus 1 Humanities Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

Question-1 Globalization means

(A) Integration of the economy with world economy	(B)Increasing degree of openness in respect of international trade
(C)Process of transformation of the world in to a single economic unit	(D)All the above

Question-2 The most dominant group in the World Trade Organization (WTO) is of

(A) Developing countries	(B)Developed countries
(C)Countries of the middle east	(D)Asian countries

Question-3 Technology transfer has been taking place on a large scale through

(A) Licensing agreements and joint ventures	(B)Choice of ownership structure
(C)Simplification of procedures	(D)Increasing degree of openness in respect of international trade

Question-4 Why do the MNCs make investments?

(A) To increase their assets	(B)To increase their assets
(C)For the benefit of the foreign countries	(D)For the welfare of the poor people

Question-5 The most dominant group in the World Trade Organization (WTO) is of

(A) Developing countries	(B)Developed countries
(C)Countries of the middle east	(D)Asian countries

Question-6 What steps can the government take to ensure that the benefits of globalization are shared better?

(A) To ensure the proper implementation of labour laws	(B)To support small producers to improve their performance
(C)Using the trade and investment barriers, if necessary	(D)All the above

Question-7 The main inconvenience of barter system was

(A) Transactions were many and complex	(B)Lack of double coincidence of wants
(C)The intermediate commodity need not be familiar	(D)Prevalence of domestic system

Question-8 Trade between countries

(A) Determines prices of products in different countries	(B)Determines prices of products in different countries
(C)Makes a country dependent on the other	(D)Country independent

Question-9 What is the main features of New Economic Policy?

(A) Liberalization	(B)Globalization
(C)Privatization	(D)All the above

Question-10 Globalization can create problems for business because

(A) It can result in more competition	(B)It increases vulnerability to political risk and uncertainty when operating abroad
(C)It means that they can increase prices	(D)It means that they can decrease prices

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Plus 1 Humanities

Tamil Nadu (English Medium)

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