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English I
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English II
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Question-1
WTO aims at
(A)
Establishing rules for domestic trade
(B)
Restricting trade practices
(C)
Liberalizing international trade
(D)
Free trade
Question-2
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-3
What is the main feature of New Economic Policy?
(A)
Liberalization
(B)
Globalisation
(C)
Privatization
(D)
All of these
Question-4
What is the main features of New Economic Policy?
(A)
Liberalization
(B)
Globalization
(C)
Privatization
(D)
All the above
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
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
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-8
Globalisation integrates different countries:
(A)
Through foreign trade
(B)
Through foreign investment
(C)
By multinational corporations
(D)
All the above
Question-9
What are SEZs?
(A)
Special Economic Zones
(B)
Special Excise Zones
(C)
Special Export Zones
(D)
Special Experience Zones
Question-10
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
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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
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