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Question-1 When did Ford Motors come to India?

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

Question-2 When was privatization adopted in India?

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

Question-3 What is the main feature of New Economic Policy?

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

Question-4 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-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 The member countries of WTO are

(A) 120	(B)157
(C)86	(D)58

Question-7 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-8 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-9 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-10 WTO aims at

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

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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