INDIA & GLOBALIZATION

__________ provides the advantage of being a cheap manufacturing location.

• China

• India

• Pakistan

• Britain

Cargill Foods, a very large ________ MNC, is the largest producer of edible oil in India, with a capacity to make 5 million pouches daily.

• American

• Dutch

• British

• Portuguese

__________, an American company, is one of the world’s largest automobile manufacturers, with production spread over 26 countries of the world.

• Ford Motors

• Porsche

• Audi

• Hot Wheels

The products are supplied to the MNCs, which then sell them under their own brand names to the customers. These large MNCs have tremendous power to determine the _____.

• All of the above

• Price

• Quality

• Labor conditions for these distant producers

Ford Motors came to India in _______ and spent Rs. 1700 crore to set up a large plant near Chennai.

• 1995

• 1999

• 1990

• 1998

Chinese toys have become more popular in the Indian markets. Within a year, ___________ of the toy shops have replaced Indian toys with Chinese toys.

• 70 to 80 per cent

• 100 per cent

• 80 to 90 per cent

• 50 to 60 per cent

Which of the following is true regarding the opening of trade?

a) Choice of goods in the markets rises.

b) Foreign trade thus results in connecting the markets or integration of markets in different countries.

c) All of the above.

• c)

• a)

• b)

• d)

Nearly _________ countries of the world are members of the WTO as of June 2014.

• 160

• 200

• 250

• 150

Started at the initiative of the ________, WTO establishes rules regarding international trade and sees that these rules are obeyed.

• Developed countries

• Developing countries

• Broke countries

• Middle-income countries

The cost of _______has fallen. This has enabled much greater volumes of goods being transported by _______.

• Air transport, airlines

• Road transport, four wheelers

• Rail transport, railways

• Water transport, cruise ships