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Liberalisation , Privatisation and Globalisation Test - 2

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Liberalisation , Privatisation and Globalisation Test - 2
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Weekly Quiz Competition
  • Question 1
    1 / -0.25

    Cargill Foods, an MNC has bought over which indigenous Indian company?

  • Question 2
    1 / -0.25

    Ford Motors entered the Indian automobile business in collaboration with which Indian manufacturer?

  • Question 3
    1 / -0.25

    What is happening with the import of Chinese toys in  India  ?

  • Question 4
    1 / -0.25

    Trade between countries:

    Solution

    Following are some factors which affect the price of a commodity in different countries.
    One of the major factors that affects the prices of goods is the difference in taxes and import duties across countries. When dealing in commodities, or any physical good, the cost to transport them must be included, resulting in different prices when commodities from two different locations are examined. Because transaction costs exist and can vary across different markets and geographic regions, prices for the same good can also vary between markets. Legal barriers such as capital controls, or in the case of wages, immigration restrictions, can lead to persistent price differentials rather than one price. 

  • Question 5
    1 / -0.25

    Globalisation by connecting countries leads to:

  • Question 6
    1 / -0.25

    One major factor that has stimulated the globalisation process is:

    Solution

    Rapid improvement in technology is definitely helped in stimulating the process of the globalization. Globalization is the process of interaction and integration among people, companies, and governments worldwide.
    With the help of technology, it is so much faster to communicate across the world which has helped the businesses and companies to grow faster across the world.

  • Question 7
    1 / -0.25

    If tax is imposed on Chinese toys, what will happen?

  • Question 8
    1 / -0.25

    Which out of the following is an example of a trade barrier?

  • Question 9
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    Removing barriers or restrictions set by the government is called:

  • Question 10
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    WTO aims at:

  • Question 11
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    Which out of the following industries has a large number of well-off buyers in urban areas?

  • Question 12
    1 / -0.25

    Globalisation has created new opportunities of:

  • Question 13
    1 / -0.25

    One major government initiative to attract foreign companies to invest in  India  is:

  • Question 14
    1 / -0.25

    Globalisation has posed major challenges for:

  • Question 15
    1 / -0.25

    With the growing competition, most employers these days prefer to employ workers:

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