Tag: international economics organization

Questions Related to international economics organization

The companies which control the production in more than one country are known as __________.

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  1. Multi State Organization

  2. Multi National Company

  3. International Trade Organization

  4. International Monetary System

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Correct Option: B

Which of the following is a private sector bank based in India?

geography international economics organization mncs and impact of globalization effects of globalisation in india globalization and trade

  1. Yes Bank

  2. Loyds Banking Group

  3. Lehman Brothers

  4. Royal Bank

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Correct Option: A
Explanation:

Yes bank limited was founded by Rana Kapoor and Ashok Kapur in 2004. It is India's fourth largest private sector bank that operates as a corporate bank with retail banking and asset management as corporate functions. 

State whether the following statements are True or False.
Newspaper, magazines are means of mass communication.

geography international economics organization mncs and impact of globalization effects of globalisation in india globalization and trade

  1. True

  2. False

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Correct Option: A

Cargill Foods, an American MNC, had bought smaller Indian companies such as_________.

geography international economics organization mncs and impact of globalization effects of globalisation in india globalization and trade

  1. Pillsbury Foods

  2. Parakh Foods

  3. Aashirwad Foods

  4. MTR Foods.

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Correct Option: B
Explanation:

Parakh Foods had built a large marketing network in various parts of India, where its brand was well-reputed. Also, Parakh Foods had four oil refineries, whose control has now shifted to Cargill. Cargill is now the largest producer of edible oil in India, with a capacity to make 5 million pouches daily! 

Within a year, 70% to 80% of toy shops have replaced the Indian toys with Chinese toys due to ___________.

geography international economics organization mncs and impact of globalization effects of globalisation in india globalization and trade

  1. cheaper prices

  2. good material

  3. easy availability

  4. better quality

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Correct Option: A
Explanation:

Buyers in India now have the option of choosing between Indian and the Chinese toys. Because of the cheaper prices and new designs, Chinese toys become more popular in the Indian markets. 

What is the benefit of using containers in transportation of goods?

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  1. Reduction in port handling costs

  2. Reduction in delays

  3. Reduction in damaged goods

  4. All of them

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Correct Option: D
Explanation:

Containers have led to huge reduction in port handling costs and increased the speed with which exports can reach markets. Similarly, the cost of air transport has fallen.  This has enabled much greater volumes of goods being transported by airlines.