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

Question-1 WTO aims at

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

Question-2 What is the main feature of New Economic Policy?

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

Question-3 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-4 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-5 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-6 Globalisation 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

Question-7 When was privatization adopted in India?

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

Question-8 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-9 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-10 When did Ford Motors come to India?

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

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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