Economics Practice Quiz 68

Q1.What trend has been observed regarding the conditions of work in the organised sector in India, as per the provided text?

A. They have significantly improved, offering more benefits than before. B. They have increasingly come to resemble the unorganised sector. C. They have become more regulated and standardized by the government. D. They have been completely merged with the public sector.

Q2.What change has been noted for workers in the organised sector, such as Sushila?

A. They now receive enhanced protection and benefits. B. They no longer get the protection and benefits they enjoyed earlier. C. They have transitioned entirely to the unorganised sector. D. They are now exclusively employed by foreign MNCs.

Q3.How can the government support small producers in the context of fair globalization?

A. By imposing heavy taxes on them to fund large corporations. B. By forcing them to merge with foreign MNCs. C. By supporting them to improve their performance till the time they become strong enough to compete. D. By restricting their access to new technologies and markets.

Q4.What measure can the government use, if necessary, in the context of trade and investment?

A. Promote unrestricted free trade without any regulations. B. Use trade and investment barriers. C. Completely withdraw from international trade negotiations. D. Subsidize only foreign companies operating in India.

Q5.Who among the following have made the best use of the new opportunities brought by globalisation?

A. Workers in the unorganised sector. B. People with education, skill and wealth. C. Small producers struggling to compete. D. Those without access to formal education.

Q6.What is the desired outcome of 'fair globalisation'?

A. To restrict opportunities only to the wealthy. B. To create opportunities for all and ensure benefits are shared better. C. To eliminate all international trade and investment. D. To prioritize the interests of developed countries exclusively.

Q7.According to the provided text, what is globalisation?

A. The process of rapid integration of countries. B. The process of increasing tariffs on foreign goods. C. The process of nationalizing all foreign companies. D. The process of reducing international trade.

Q8.How is the rapid integration of countries, referred to as globalisation, primarily happening?

A. Through increased government subsidies for local industries. B. Through greater foreign trade and foreign investment. C. Through strict regulations on international capital flow. D. Through the establishment of new international borders.

Q9.Which entities are playing a major role in the globalisation process?

A. Small local businesses. B. Government-owned enterprises. C. MNCs (Multinational Corporations). D. Non-governmental organizations (NGOs).

Q10.What specific role has technology, particularly IT, played in organising production across countries?

A. It has led to the complete automation of all production. B. It has played a big role in organising production across countries. C. It has primarily increased the cost of production globally. D. It has reduced the need for international trade.

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Economics Practice Quiz 68