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Globalisation and the Indian Economy Test - 24

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Globalisation and the Indian Economy Test - 24
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  • Question 1
    1 / -0
    Globalisation is characterized by -
  • Question 2
    1 / -0
    Which of the following is not a feature of Globalisation?
  • Question 3
    1 / -0
    Which of the following statements is an argument in favour of Globalisation?
  • Question 4
    1 / -0
    SEZ Act came into effect in ___________.
    Solution
    Special Economic Zone Act came is to effect in 2005 which stated that some geographical areas which are in business will be treated with different business and trade laws from the rest of the country so that to achieve the aims of  increased trade, increased investment, job creation, and effective administration. 
  • Question 5
    1 / -0
    Which of the following is an effect of Globalisation on the Indian Economy?
  • Question 6
    1 / -0
    Globalization involves:
    (i) Increasing integration among national economic system
    (ii) Integration of financial market
    (iii) Higher factor mobility and economies of trade
    (iv) Spread of knowledge and technologies throughout the world
  • Question 7
    1 / -0
    Globalization includes ___________.
  • Question 8
    1 / -0
    What is globalization?
    Solution
    Globalisation means integrating the domestic economy with the world economy, because it facilitates the free inter-flow to capital, technology, people, goods and services.
  • Question 9
    1 / -0
    _____________ means integrating the domestic economy with the world economy.
    Solution
    Globalisation means integrating the domestic economy with the world economy.
  • Question 10
    1 / -0
    Integrating the world into one global village is the theme of ______________.
    Solution

    Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. ... Likewise, for centuries, people and corporations have invested in enterprises in other countries. All countries now tend to be on the global trend.It is the best way to exist now. Economy is a typical example. All countries are intergrating into the world economy.So global organizations such as UN,WTO ...are very imporatant. Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

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