ICSE/ISC Std 9 Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

Question-1 When did Ford Motors come to India?

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

Question-2 Name the organization which lay emphasis on liberalization or foreign trade and foreign investment in India.

(A) WHO	(B)WTO
(C)UNESCO	(D)UNICEF

Question-3 When was privatization adopted in India?

(A) 1957	(B)1995
(C)19911991	(D)1926

Question-4 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-5 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-6 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

Question-7 WTO aims at

(A) Establishing rules for domestic trade	(B)Restricting trade practices
(C)Liberalizing international trade	(D)Free trade

Question-8 Why do the MNCs make investments?

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

Question-9 One major government initiative to attract foreign companies to invest in India is

(A) To raise the standard of education	(B)To promote unemployment in the public sector
(C)To build special economic zones	(D)To promote village level programmes

Question-10 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

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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