Economics Practice Quiz 65

Q1.What has been the nature of the impact of globalization among producers and workers in India?

A. It has been uniformly positive. B. It has been uniformly negative. C. It has not been uniform. D. It has been limited to specific regions.

Q2.Why have MNCs increased their investments in India over the past 20 years, according to the provided text?

A. Due to government subsidies for foreign companies. B. Because investing in India has been beneficial for them. C. To provide employment to rural populations. D. To promote environmental sustainability.

Q3.For the industries and services where MNCs have invested in India, who are primarily the large number of buyers?

A. Low-income households B. Well-off buyers C. Government agencies D. Small-scale industries

Q4.What has been the effect on employment in the industries and services where MNCs have invested in India?

A. A significant decrease in jobs. B. No change in job creation. C. New jobs have been created. D. Jobs have been outsourced to other countries.

Q5.How have local companies supplying raw materials to MNC-invested industries in India been affected by globalization?

A. They have faced severe losses. B. They have been forced to close down. C. They have prospered. D. Their operations have remained stagnant.

Q6.What is one significant effect of globalization on some Indian companies?

A. They are reducing their workforce significantly. B. They are limiting their operations strictly to India. C. They are spreading their operations worldwide. D. They are focusing solely on domestic market consolidation.

Q7.Which sector, particularly, has seen new opportunities for service-providing companies due to globalization?

A. Agriculture B. Manufacturing C. IT (Information Technology) D. Mining

Q8.Which of the following is cited as an example of a service benefiting from globalization in India?

A. Heavy machinery production for domestic use B. An Indian company producing a magazine for a London-based company C. Traditional handicraft exports to neighboring countries D. Development of local infrastructure projects

Q9.Services such as data entry, accounting, administrative tasks, and engineering are now being done cheaply in countries like India and exported to which type of countries?

A. Developing countries B. Least developed countries C. Developed countries D. Neighboring countries only

Q10.How have top Indian companies primarily benefited from increased competition due to globalization?

A. By reducing their investment in technology B. By lowering their production standards C. By investing in newer technology and production methods and raising production standards D. By avoiding any collaborations with foreign companies

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Economics Practice Quiz 65