Globalisation and Its Critics Test

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Globalisation and Its Critics Test - 2

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Weekly Quiz Competition

Question 1
1 / -0.25

According to the rightist view in India, globalisation tends to

A
benefits the weaker section of the society.

B
divides the State into rich and poor.

C
weakens the State.

D
reduces political party competition.

Solution

According to rightist view, it leads to the weakening of the State. People will loose their identity and age-old values. They support protectionism and self-reliance.
Question 2
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India implemented the New Economic Policy in the year

A
1980.

B
1981.

C
1990.

D
1991.

Solution

As a part of economic reforms, the Government of India announced a new industrial policy in July 1991. Through this polcy, the country moved towards the globalisation pattern.
Question 3
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In 1986-87, the overall fiscal deficit of India touched an all time high of

A
5% of GDP.

B
7% of GDP.

C
9% of GDP.

D
10% of GDP.

Solution

The Indian government embarked upon an expansionist policy without tackling the problem of resource mobilization, which was constrained because of the tax cuts. In 1986-87, the overall fiscal deficit touched an all time high of 9% of GDP.
Question 4
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With the globalisation of markets, the tastes and preferences of consumers world-wide are

A
becoming similar to the tastes and preferences of American consumers.

B
being encouraged by multinational organizations to become increasingly similar.

C
so different that they can be ignored by international organizations.

D
converging upon a global norm.

Solution

Globalisation is a continuing process of economic restructuring, which has led to an increasing cross-border flow of trade in goods, services and financial assets, along with an increasing international mobility of technology, information and individuals.
Question 5
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Liberalisation means:

A
integration among economies.

B
reduced government controls and restrictions.

C
policy of planned disinvestments.

D
competitive market.

Solution

Liberalisation is a process whereby a state lifts restrictions on some private individual activities.
Question 6
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This type of globalisation refers to global markets and the flow of capital, technology &goods is

A
political globalisation.

B
cultural globalisation.

C
economic globalisation.

D
opposing globalisation.

Solution

This includes exchanges of currencies in capital movements, technology transfer, international travel and an international flow of ideas and information.
Question 7
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Globalization has led to the flow of ideas across

A
national boundaries.

B
state.

C
political parties.

D
different planets.

Solution

Globalization has led to the flow of ideas across national boundaries, e.g. spread of internet.
Question 8
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During the colonial period, India became an

A
importer of primary goods and raw materials

B
exporter of finished goods and also raw materials.

C
exporter of primary goods and importer of raw materials.

D
exporter of primary goods and raw materials.

Solution

India was particularly well known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works, etc. These products enjoyed a worldwide market base.
Question 9
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The seventh WSF meeting was held in:

A
Delhi, January 2007

B
Nairobi, January 2007

C
Islamabad, January 2007

D
New York, January 2007

Solution

The World Social Forum (WSF) is another global platform that brings together a wide coalition composed of human rights activists, environmentalists, labour, youth and women activists opposed to neo-liberal globalisation. The first WSF meeting was organised in Porto Alegre, Brazil in 2001. The fourth WSF meeting was held in Mumbai in 2004. The seventh WSF meeting was held in Nairobi, Kenya in January 2007.
Question 10
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Which of the following is available in India due to globalisation?

A
Foreign TV channels

B
Coca Cola and Pepsi

C
Sansui brand of electronics

D
All of the above

Solution

Due to globalisation of the Indian economy, various foreign MNCs have entered the the Indian market.

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Re-Attempt Weekly Quiz Competition

Globalisation and Its Critics Test - 2

Result

Globalisation and Its Critics Test - 2

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SHARING IS CARING

Question 1

benefits the weaker section of the society.

divides the State into rich and poor.

weakens the State.

reduces political party competition.

Solution

Question 2

1980.

1981.

1990.

1991.

Solution

Question 3

5% of GDP.

7% of GDP.

9% of GDP.

10% of GDP.

Solution

Question 4

becoming similar to the tastes and preferences of American consumers.

being encouraged by multinational organizations to become increasingly similar.

so different that they can be ignored by international organizations.

converging upon a global norm.

Solution

Question 5

integration among economies.

reduced government controls and restrictions.

policy of planned disinvestments.

competitive market.

Solution

Question 6

political globalisation.

cultural globalisation.

economic globalisation.

opposing globalisation.

Solution

Question 7

national boundaries.

state.

political parties.

different planets.

Solution

Question 8

importer of primary goods and raw materials

exporter of finished goods and also raw materials.

exporter of primary goods and importer of raw materials.

exporter of primary goods and raw materials.

Solution

Question 9

Delhi, January 2007

Nairobi, January 2007

Islamabad, January 2007

New York, January 2007

Solution

Question 10

Foreign TV channels

Coca Cola and Pepsi

Sansui brand of electronics

All of the above

Solution

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