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Question-1 What is the main feature of New Economic Policy?

(A) Liberalization	(B)Globalisation
(C)Privatization	(D)All of these

Question-2 What are SEZs?

(A) Special Economic Zones	(B)Special Excise Zones
(C)Special Export Zones	(D)Special Experience Zones

Question-3 Foreign trade takes place in

(A) Between two or more countries	(B)Between states of a counrties
(C)Within the states of a country	(D)Union territories

Question-4 What is the main features of New Economic Policy?

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

Question-5 Which of the following is NOT a driver of Globalisation?

(A) The fragmentation of consumer tastes between countries	(B)The competitive process
(C)Multinational companies successfully persuading governments to lower trading barriers	(D)The need to gain economies of scale

Question-6 When did Ford Motors come to India?

(A) 1990	(B)1995
(C)1996	(D)1998

Question-7 Which one of the following is a basic function of foreign trade?

(A) It flourishes trade in the domestic market	(B)Goods and services are produced for internal market
(C)It gives opportunity for the reduction to reach beyond the domestic market	(D)Investment is done to expand the trade within the domestic markets

Question-8 Trade between countries

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

Question-9 Globalisation integrates different countries:

(A) Through foreign trade	(B)Through foreign investment
(C)By multinational corporations	(D)All the above

Question-10 Which of the following do NOT facilitate Globalisation?

(A) Improvements in communications	(B)Barriers to trade and investment
(C)Immigration controls	(D)Removal of controls on movement of capital across borders

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Std 9

ICSE/ISC

Practice in Related Chapters
Consumer Awareness
Infrastructure of the Indian Economy
Basic Concepts of Economics
An Overview of Indian Economy
Globalisation