Social Science · Economics

Globalization and its Impacts

2,254 Questions

Globalization and its impacts cover the increasing interconnectedness of countries through trade, technology, and cultural exchange. These questions explore key drivers, economic policies, and cultural shifts relevant to exams. The topic is frequently tested in UPSC, State PSC, and SSC general studies papers.

Cultural identity impactsInternational trade debatesFashion and mediaCross-cultural exchangeGlobalization key drivers

Globalization and its Impacts Questions

Multiple choice

Consider the following statements: The imperatives of globalization for public management reforms include

  1. a push towards non-governmental sector.
  2. empowerment of weak and women.
  3. re-invention of government.
  4. human resource development in developing countries. Which of these is/are correct?

  1. 3 and 4

  2. 1 and 2

  3. 2 and 4

  4. 1 and 3
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Globalization has pushed public management toward the non-governmental sector through privatization and the 're-invention of government' to be more entrepreneurial. While empowerment and HRD are important, they are broader developmental goals rather than specific management reform imperatives of the globalization era.

Multiple choice business organisation principles and techniques of management 21st century modern management features of management coordination and management in the twenty - first century

What helps in making a global village?

  1. Globalisation

  2. Access to greater markets

  3. Coordination

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Globalization, access to greater markets and coordination help in making a global village. Global village can be defined as a phenomenon of the world becoming more independent because of progress and technological advancement.

Multiple choice political science india’s international relations india's relations with other countries india and her neighbours india and other countries

Globalization leads to ___________________.

  1. The interference by one nation in the matter of other nation

  2. The domination of a nation or a group of nations over other nations or a group of nations

  3. Useful co-operations among the nations

  4. Perpetual warfare among the nations
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Internationalism is a political principle which transcends nationalism and advocates a greater political or economic cooperation among nations and people. Supporters of this principle are referred to as internationalists, and generally believe that the people of the world should unite across national, political, cultural, racial, or class boundaries to advance their common interests, or that the governments of the world should cooperate because their mutual long-term interests are of greater importance than their short-term disputes.

Multiple choice political science india’s international relations india's relations with other countries india and her neighbours india and other countries

Asymmetrical globalisation is _____________.

  1. The way in which contemporary globalisation is equally experienced across the world and amongst different social groups.

  2. The way in which contemporary globalisation is unequally experienced across the world and amongst different social groups.

  3. The degree to which networks or patterns of social interaction are formally constituted as organisations with specific purposes.

  4. A process in which the organisation of social activities is increasingly less constrained by geographical proximity and national territorial boundaries.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Globalisation refers to the interaction and Integration of nation and governments relating to several aspects as trade, markets etc. The unequal benefits of globalisation are referred to asymmetrical  globalisation. Many countries lack in infrastructure and technologies that are preliminary required for achieving free trade. The labours are forced to work at the offered price without the scope of bargaining that was earlier available in the regulated labour market. The corporate restructuring and global market have led to the recommodification of labour.

Multiple choice political science india’s international relations india's relations with other countries india and her neighbours india and other countries

Globalisation involves _______________.

  1. A stretching of social, political, and economic activities across political frontiers

  2. A growing magnitude of inter-connectedness in almost every sphere of social existence

  3. An accelerating pace of global interactions and processes associated with a deepening enmeshment of the local and the global

  4. All of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Globalization is a process by which the world is becoming highly interconnected as a result of increased trade, cultural, service and technological exchange. This is marked by liberalisation of global markets and economic activities. The nations are becoming friendlier in terms of mutual profits. The process is also defined as extension of global relation across world space. 

Multiple choice organisation of commerce and management multinational corporations global enterprises meaning and features of mncs public sector undertakings & global enterprises

Which of the following is an disadvantage of MNC ?

  1. Harm the National Interests

  2. Dominate Domestic Policies

  3. Adverse Effects on Life Style/Culture

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

MNC has many disadvantages. It invest in most profitable sectors and disregard the national goals and priorities of the host country. Many domestic industries have to wind up due to the threat of MNC'S. 


They make people forget about their cultural heritage and tends to promote alien culture in host countries to sell their products.

Multiple choice history the making of a global world causes of nazism feudalism in europe british exploitation of the indian economy

Which of these has been the MOST important factor in the rise of globalized trade?

  1. increase in world population

  2. emergence of multinational corporations

  3. decline in regional national resources

  4. breakdown of protective tariffs

  5. enhancement of communications technologies
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Protective tariffs are taxes, duties, or other roadblocks (generally in the form of monetary fees) placed on foreign goods by a national or state government in order to protect domestic products and markets. The increased fees levied on foreign goods are generally passed on to the consumer, making the foreign goods considerably more expensive than similar goods produced within the country.

Multiple choice geography globalization and trade mncs and impact of globalization effects of globalisation in india globalisation and the indian economy

Globalisation by connecting countries, shall result in ______________.

  1. lesser competition among producers

  2. greater competition among producers

  3. no change in competition among producers

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
 Producers in the two countries now closely compete against each other even though they are separated by thousands of miles! Foreign trade thus results in connecting the markets or integration of markets in  different countries.

Multiple choice geography globalization and trade mncs and impact of globalization effects of globalisation in india globalisation and the indian economy

Which one of the following is a positive impact of globalisation?

  1. Workers are facing insecurity

  2. Small-scale industries are perishing

  3. Production of goods in the economy has expanded

  4. Gap between rich and poor has widened
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Positive impact of globalisation:-

  • Greater competition among producers resulting from Globalisation is a great advantage to consumers as there is greater choice before them.
  • Due to globalisation many MNCs have increased their investments in India.
  • Local companies supplying raw materials, to these industries have prospered.

Multiple choice geography globalization and trade mncs and impact of globalization effects of globalisation in india globalisation and the indian economy

Globalization has affected ______ and ______. 

  1. Employment opportunities in developing countries

  2. Local industries

  3. Both A and B

  4. None
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
In a globalised world, cheaper imports have replaced the demand for domestic goods. Domestic manufacturers are facing competition from imports. Globalisation is, thus, often seen as creating conditions for the free movement of goods and services from foreign countries that adversely affect the local industries and employment opportunities in developing countries.
Multiple choice geography globalization and trade mncs and impact of globalization effects of globalisation in india globalisation and the indian economy

Globalisation means -

  1. Integrating the domestic economy with the world economy

  2. A process which draws countries out of their isolation and makes them join rest of the world in its march towards a new world economic order

  3. Integrating the world into one global village

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Globalisation encompasses the integration of domestic economies with the world economy, reducing isolation, and fostering international economic cooperation.

Multiple choice geography globalization and trade mncs and impact of globalization effects of globalisation in india globalisation and the indian economy

Globalization has mostly affected ________.

  1. Developed countries

  2. MNC's

  3. Large producers

  4. Small producers
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

For a large number of small producers and workers globalisation has posed major challenges. MNC's sell their products at cheaper prices in other countries which affects Indian producers because people would prefer buying the same thing at a cheaper price which is sold by MNC's.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

Which of the following are the influential drivers affecting the growth of outsourcing market?

  1. Rapid growth

  2. Core competencies

  3. Industry changes

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Outsourcing is driven by multiple factors, including the need for rapid growth, the desire to focus on core competencies, and shifts in industry structures.

Multiple choice organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

An important factor which has facilitated the globalisation process is ________.

  1. Foreign capital

  2. Foreign investment

  3. Foreign Aid

  4. Technology
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

An important factor which has facilitated the globalization process is technology. Globalization can be defined as the growing interdependence of countries worldwide through increasing volume and variety of cross border transactions in goods and services and also through rapid diffusion of technology.