Tag: effects of globalisation in india

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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

Which of the following is India's largest trading partner in the world?

  1. UAE

  2. China

  3. USA

  4. France
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

India's largest trading partner in the world is China as India exports approximately 16.34 % of its total exports to China and import approximately 68.08 % of its total imports from China. Therefore the total trade that takes place between China and India comprises of approximately 84.4 % of India's overall trade which in highest with China. 

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

Which of the following is not the disadvantage of MNC?

  1. Strain on foreign exchange reserve of the host country.

  2. More employment opportunities.

  3. Creation of monopolies.

  4. May kill domestic industry.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A multinational company is one which has its main office in the home country and has many branches or subsidiaries in two or more country. As MNC operates in more than two or more countries it encourages employment opportunities in different countries. Hence, it is not the disadvantage of MNC.

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

Multinational Corporations can be defined as a firm which ________________.

  1. is having all the government benefits of the origin country

  2. is counted amongst the biggest industries in the host country

  3. owns companies in more than one country

  4. all of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A multinational company is one which has its main office in the home country and has many branches or subsidiaries in two or more country. Hence, MNCs can be defined as a firm which owns companies in more than one country.

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

For multinational activity, internalization means __________.

  1. to undercut the prices of local producers in overseas markets as multinational have an approach and exposure to global market and their scale of production is large enough.

  2. to set up an overseas production operation because of the fear of franchising operations that has been given to local firms already in the market.

  3. exploiting a well-established global brand image to dominate overseas markets.

  4. all of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Internalisation  is the process of increasing the involvement of enterprises in international markets. Hence, for multinatinoal activity, internalisation means exploiting a well-established global brand image to dominate overseas markets.

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

The multinational corporations provides lot of benefits as it ___________.

  1. increases the transfer of technology between nations

  2. they always produce the goods

  3. host countries progress is mostly dependent on them

  4. none of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A multinational company is one which has its main office in the home country and has many branches or subsidiaries in two or more country. Its main advantage is it increases the transfer of technology between the nations.

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

An MNC is defined by an organisation __________.

  1. carrying out production in more than one country

  2. having sales in more than one country

  3. having a multi-ethnic workforce

  4. having-suppliers in more than one country
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A multinational company is one which has its main office in the home country and has many branches or subsidiaries in two or more country. Hence, a MNC is defined by an organisation carrying out production in more than one country.

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

The characteristics feature of a multinational enterprise (MNE) include __________.

  1. it owns its subsidiaries in other countries

  2. it may operate in another country

  3. these are established due to difference in the rate of return on capital between the two countries

  4. both (a) and (b)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A multinational company is one which has its main office in the home country and has many branches or subsidiaries in two or more country. Hence, the characteristic feature of a MNE include it owns its subsidiaries in other countries as well as it may operate in another country.

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

What can be a disadvantage to the home country of the  MNC's investing in other countries?

  1. Transfer of capital from home country to host country.

  2. No employment to the people.

  3. Both a and b

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

MNC refers to those organisations who have their headquarters in the home country and subsidiaries in two or more country. When a MNC invests in other countries it directly increases employment in the countries where investment is done. Hence, it can be a disadvantage to the home country as employment decreases..