Unit 3 - Privatisation and Globalisation Quiz

What is a key driver of globalization according to the text?

• Political stability

• Technological advancements

• Domestic markets

• Raw materials supply

Which agreement is mentioned in the text as aiming to remove trade barriers among three countries?

• Mercosur

• G-7

• NAFTA

• WTO

What is mentioned as a feature of the current phase of globalization in financial markets?

• Deregulation

• Protectionism

• Trade barriers

• Inflation

Which organization is described as having the authority to enforce national governments' compliance with rules?

• G-40

• WTO

• G77

• OECD

Which strategy involves granting the right to do business in a prescribed manner?

• Exporting

• Licensing

• Joint Ventures

• Turnkey contracts

What does the fifth stage of global corporate development involve?

• Exporting

• Full insider position in key foreign markets

• Wholly Owned Manufacturing Facilities

• Genuinely global mode of operation

What is one benefit of globalization mentioned in the text?

• Increased job security

• Cultural homogenization

• Access to foreign investment

• Lower wages for workers

Which factor is mentioned as essential for successful globalization on the part of a firm?

• Government restrictions

• Lack of resources

• Limited orientation

• Suitable globalization strategies

According to the text, what impact has globalization had on industrial growth in India?

• Decline in exports

• Decrease in industrial sickness

• Rise in inflation

• Increase in trade barriers

Which sector in India has benefited from tie-up collaborations and access to new technology?

• Agriculture

• Manufacturing

• Services

• Tourism