Today, the economy of the whole world is interlinked, this interconnection of the economies of different countries of the world is called globalization or globalization. To understand this, let's take the example of a company called Nike. This company is famous for its shoes. This company is from America but shoes of this company are made in countries of South East Asia. Nike shoes are sold in almost every country. This clearly shows that various activities take place in different countries of the world when a product is made and reach the customers. This is a great example of globalization. Therefore, if there is any turmoil in Central Asia today, it affects the economy of the whole world. Let's know more about Globalization And the Indian Economy.
1. Which of the following are the results of globalization?
A. Better employment opportunities
B. Changes Lifestyle
C. Uneven benefits of development
D. All of the above-mentioned
2. Which of the following is the advantage of globalization?
A. Access to New Cultures
B. The Spread of Technology and Innovation
C. Lower Costs for Products
D. All of the above
3. Which of the following is a type of globalization?
A. Economic Globalization
B. Technological Globalization
C. Political Globalization
D. All of the above
4. The company that controls and owns production in more than one countries is called:
A. Inter state company
B. National company
C. Multinational companies
D. None of the above
5. In the middle of the twentieth century, the main means of connecting remote countries was?
A. Port
B. Investment
C. Business
D. Companies
6. Where do multinational companies set up production units?
A. Which is close to the market
B. Where skilled and unskilled labor is available at low cost
C. Where availability of other factors of production is ensured
D. All of the above
7. What is the currency spent in the purchase of the land buildings, machines, and other equipment?
A. Production
B. Investment
C. Capital
D. Labor
8. Which is the world's largest automobile manufacturer?
A. Toyota
B. Mahindra
C. Tata
D. Ford India
9. Which of the following is helpful in connecting or integrating the markets of different countries?
A. Foreign Trade
B. Foreign investment
C. Multi national companies
D. Production units
10. Which city is the biggest manufacturer of automobiles in the world?
A. Downtown
B. Detroit city
C. Gurugram
D. South wells
11. What are the factors that make globalization possible?
A. Transportation Technology
B. Communication and Information Technology
C. Both of the above
D. None of the above
12. An example of a tax on imports ————?
A. Trade balance
B. Industrial balance
C. Trade blocker
D. Restricting trade
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