Globalisation and Its Critics Test

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Globalisation and Its Critics Test - 3

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Question 1
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Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion: While globalization is not caused by any single factor, technology remains a critical element.
Reason: The ability of ideas, capital, commodities and people to move more easily from one part of the world to another has been made possible largely by technological advances.

A
A. Both (A) and (R) are true, but (R) is the correct explanation of (A).

B
B. Both (A) and (R) are true, but (R) is not the correct explanation of (A).

C
C. (A) is true, but (R) is false.

D
D. (A) is false, but (R) is true.

Solution

Technological globalization is speeded in large part by technological diffusion, the spread of technology across borders. In addition, technological advances in areas like mobile phones can lead to competition, lowered prices, and concurrent improvements in related areas such as mobile banking and information sharing.
Question 2
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Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion: Economic globalization involves many actors other than the international institutions. A Reason: What is often called economic globalization usually involves greater economic flows among different countries of the world.

A
A. Both (A) and (R) are true, but (R) is the correct explanation of (A).

B
B. Both (A) and (R) are true, but (R) is not the correct explanation of (A).

C
C. (A) is true, but (R) is false.

D
D. (A) is false, but (R) is true.

Solution

Economic globalization is the development of trade systems within transnational actors such as corporations or NGOs; Financial globalization: can be linked with the rise of a global financial system with international financial exchanges and monetary exchanges.
Question 3
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Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion: The critics argue that contemporary globalization represents a particular phase of global capitalism that makes the rich richer (and fewer) and the poor poorer.
Reason: Weakening of the state leads to a reduction in the capacity of the state to protect the interest of its poor.

A
A. Both (A) and (R) are true, but (R) is the correct explanation of (A).

B
B. Both (A) and (R) are true, but (R) is not the correct explanation of (A).

C
C. (A) is true, but (R) is false.

D
D. (A) is false, but (R) is true.

Solution

Globalization leads to an increase in income inequality around the globe. This is because globalization encourages prosperous nations to outsource production to locations which provide either cheap labour or cheap raw materials or both.
Question 4
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Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion: Globalization need not always be positive; it can have negative consequences for the people.
Reason: Globalization is a multidimensional concept. It has political, economic and cultural manifestations, and these must be adequately distinguished.

A
A. Both (A) and (R) are true, but (R) is the correct explanation of (A).

B
B. Both (A) and (R) are true, but (R) is not the correct explanation of (A).

C
C. (A) is true, but (R) is false.

D
D. (A) is false, but (R) is true.

Solution

Globalization may have some negative consequences too. It may not be able to generate sufficient income for all; illiterate people have less knowledge about globalization. Moreover, it is a multidimensional concept and we must be acquainted about each of them and differentiate them accordingly.
Question 5
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Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion: Globalization results in an erosion of state capacity, that is, the ability of government to do what they do.
Reason: Globalization also gives freedom to governments to act in an arbitrary manner as far as the global issues are concerned.

A
A. Both (A) and (R) are true, but (R) is the correct explanation of (A).

B
B. Both (A) and (R) are true, but (R) is not the correct explanation of (A).

C
C. (A) is true, but (R) is false.

D
D. (A) is false, but (R) is true.

Solution

Globalization restrains governments by inducing increased budgetary pressure. As a consequence, governments shift their expenditures in favor of transfers and subsidies and away from capital expenditures. Powerful nations curb the freedom of decision making of the weaker nations by putting indirect pressures, such as, withdrawing economic aid or using veto against them.
Question 6
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Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion: In 1991, responding to a financial crisis and to the desire for higher rates of economic growth, India embarked on a programme of economic reforms that has sought increasingly to de-regulate various sectors including trade and foreign investment.
Reason: This deregulation opened up the new opportunities of local as well as foreign trade. Hence, the hope of creating new employment opportunities.

A
A. Both (A) and (R) are true, but (R) is the correct explanation of (A).

B
B. Both (A) and (R) are true, but (R) is not the correct explanation of (A).

C
C. (A) is true, but (R) is false.

D
D. (A) is false, but (R) is true.

Solution

The main purpose of liberalization of trade and investment in 1991 was to increase the international competitiveness of industrial production and to motivate foreign investment and technology so as to reduce the burden of debt. Also, they aimed to promote efficiency of local industries.
Question 7
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Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion: There have been left wing protests to economic liberalization voiced through political parties as well as through forums like the Indian Social Forum.
Reason: The left wing believed that globalization would corrupt the politics of India.

A
A. Both (A) and (R) are true, but (R) is the correct explanation of (A).

B
B. Both (A) and (R) are true, but (R) is not the correct explanation of (A).

C
C. (A) is true, but (R) is false.

D
D. (A) is false, but (R) is true.

Solution

The left wing of India criticized globalization mainly on the issue of the entries of multinational companies and foreign investment. According to them, this would affect the trade opportunities of the local industries and products.
Question 8
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DIRECTION : Mark the option which is most suitable :
Assertion : Global production has a complex structure. Reason : Production of one good may take place in different parts of the world. For instance, an equipment may be formed by combining components produced in different countries.

A
A. If Both assertion and reason are true, and reason is the correct explanation of assertion.

B
B. If Both assertion and reason are true, but reason is not the correct explanation of assertion.

C
C. If Assertion is true, but reason is false.

D
D. If Both assertion and reason are false.

Solution

Globalization leads to connectivity of different countries and goods and services can be transported across the world. Goods, components produced in different parts of the world can be used for production in any country.
Question 9
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DIRECTION : Mark the option which is most suitable :
Assertion : Local businesses may set up joint production process with MNCs and earn higher profits.
Reason : MNCs can provide money for additional investments, like buying new machines for faster production.

A
A. If Both assertion and reason are true, and reason is the correct explanation of assertion.

B
B. If Both assertion and reason are true, but reason is not the correct explanation of assertion.

C
C. If Assertion is true, but reason is false.

D
D. If Both assertion and reason are false.

Solution

At times, MNCs set up production jointly with some of the local companies of the host countries. The benefit to the local company from such joint production is twofold as MNCs can provide for additional investments and can bring in newer technology of production that result in fast-paced production.
Question 10
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DIRECTION : Mark the option which is most suitable :
Assertion : MNCs can exert a strong influence on production at distant locations.
Reason : MNCs set up partnerships with local companies, use local companies for supplies, compete with local companies or buy them up.

A
A. If Both assertion and reason are true, and reason is the correct explanation of assertion.

B
B. If Both assertion and reason are true, but reason is not the correct explanation of assertion.

C
C. If Assertion is true, but reason is false.

D
D. If Both assertion and reason are false.

Solution

By setting up partnerships with local companies, by using the local companies for supplies, by closely competing with the local companies or buying them up, MNCs are exerting a strong influence on production at distant locations. As a result, production in widely dispersed locations is getting interlinked.

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Globalisation and Its Critics Test - 3

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Globalisation and Its Critics Test - 3

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Question 1

A. Both (A) and (R) are true, but (R) is the correct explanation of (A).

B. Both (A) and (R) are true, but (R) is not the correct explanation of (A).

C. (A) is true, but (R) is false.

D. (A) is false, but (R) is true.

Solution

Question 2

A. Both (A) and (R) are true, but (R) is the correct explanation of (A).

B. Both (A) and (R) are true, but (R) is not the correct explanation of (A).

C. (A) is true, but (R) is false.

D. (A) is false, but (R) is true.

Solution

Question 3

A. Both (A) and (R) are true, but (R) is the correct explanation of (A).

B. Both (A) and (R) are true, but (R) is not the correct explanation of (A).

C. (A) is true, but (R) is false.

D. (A) is false, but (R) is true.

Solution

Question 4

A. Both (A) and (R) are true, but (R) is the correct explanation of (A).

B. Both (A) and (R) are true, but (R) is not the correct explanation of (A).

C. (A) is true, but (R) is false.

D. (A) is false, but (R) is true.

Solution

Question 5

A. Both (A) and (R) are true, but (R) is the correct explanation of (A).

B. Both (A) and (R) are true, but (R) is not the correct explanation of (A).

C. (A) is true, but (R) is false.

D. (A) is false, but (R) is true.

Solution

Question 6

A. Both (A) and (R) are true, but (R) is the correct explanation of (A).

B. Both (A) and (R) are true, but (R) is not the correct explanation of (A).

C. (A) is true, but (R) is false.

D. (A) is false, but (R) is true.

Solution

Question 7

A. Both (A) and (R) are true, but (R) is the correct explanation of (A).

B. Both (A) and (R) are true, but (R) is not the correct explanation of (A).

C. (A) is true, but (R) is false.

D. (A) is false, but (R) is true.

Solution

Question 8

A. If Both assertion and reason are true, and reason is the correct explanation of assertion.

B. If Both assertion and reason are true, but reason is not the correct explanation of assertion.

C. If Assertion is true, but reason is false.

D. If Both assertion and reason are false.

Solution

Question 9

A. If Both assertion and reason are true, and reason is the correct explanation of assertion.

B. If Both assertion and reason are true, but reason is not the correct explanation of assertion.

C. If Assertion is true, but reason is false.

D. If Both assertion and reason are false.

Solution

Question 10

A. If Both assertion and reason are true, and reason is the correct explanation of assertion.

B. If Both assertion and reason are true, but reason is not the correct explanation of assertion.

C. If Assertion is true, but reason is false.

D. If Both assertion and reason are false.

Solution

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