Globalisation MCQ, which are covered in this chapter, relate to the topic, Globalisation. Globalisation MCQ Test contains 20 questions. Answers to Globalisation MCQ are available after clicking on the answer.
1.IMF was organized in ______:
(a) 1944
(b) 1956
(c) 1966
(d) 1976
Answer
Answer: (A) 1944
2.Organization which does not facilitable the process of globalization:
(a) IMF
(b) World Bank
(c) Asian Bank
(d) WTO
Answer
Answer: (c) Asian Bank
3.Opening up the economy to the economies of the world so that Indian economy can compute at international level is called ______:
(a) Liberalization
(b) Globalization
(c) Privatization
(d) None of these
Answer
Answer: (b) Globalization
4.Exports now finance over ______ of imports :
(a) 50%
(b) 60%
(c) 70%
(d) 80%
Answer
Answer: (d) 80%
5.In the 2006-07 Budget, the peak rate of custom duty was brought down to : (updated)
(a) 5%
(b)10%
(c) 12%
(d) 20%
Answer
Answer: (b) 10%
Globalisation MCQ – Economics MCQs
6.IMF commenced its operation in :
(a) March 1947
(b) April 1947
(c) Dec 1947
(d) April 1957
Answer
Answer: (A) March 1947
7.Exports now fiancé over 80% of imports, as compared to 60% in 1985, this situation is achieved due to _______:
(a) Liberalization
(b) Privatization
(c) Disinvestment
(d) Globalization
Answer
Answer: (d) Globalization
8.Present membership of WTO is around _______ countries : (updated)
(a) 135
(b) 164
(c) 180
(d) 184
Answer
Answer: (b) 164
9.WTO was formed in ______:
(a) 1990
(b) 1991
(c) 2000
(d) 1995
Answer
Answer: (d) 1995
10.The other name of World Bank is :
(a) IDA
(b) IFC
(c) IBRD
(d) All of these
Answer
Answer: (c) IBRD
Globalisation MCQ – Economics MCQs
11.Globalization has been brought by which agency?
(a) UNO
(b) WTO
(c) WHO
(d) None.
Answer
Answer: (b) WTO
12. Special Drawing Rights were issued on _____?
(a) 1969
(b) 1970
(c) 1989
(d) 2000
Answer
Answer: (A) 1969
13.Which of the following is the soft lending arm of the World Bank?
(a) IFC
(b) IDA
(c) IME
(d) WTO
Answer
Answer: (b) IDA
14.Which of the following statement is correct?
(a) World Bank provides debt funding to retail borrowers
(b) World Bank provides loan to eligible foreign institutional investors
(c) World Bank provides loan to all those who need money
(d) World Bank provides loan to member countries.
Answer
Answer: (d) World Bank provides loan to member countries.
15.Long term investment loans to various countries are given by.
(a) World Bank
(b) World Trade Organization
(c) International monetary fund
(d) None of the above.
Answer
Answer: (A) World Bank
Globalisation MCQ – Economics MCQs
16.Globalization has made Indian markets a _______.
(a) Buyer’s market
(b) Seller’s market
(c) Monopoly market
(d) Monopsony market
Answer
Answer: (A) Buyer’s market
17.Which institution is known as soft lending arm:
(a) IFC
(b) IDA
(c) IMP
(d) IDF
Answer
Answer: (b) IDA
18.Which is an international body dealing with the rules of trade between nations?
(a) UNO
(b) WTO
(c) STC
(d) OPEC
Answer
Answer: (b) WTO
19.Globalization is a process of increasing economic integration among _______.
(a) Nations
(b) Trade organizations
(c) Social institutions
(d) Cultural forums.
Answer
Answer: (A) Nations
20. Which of the following organization was replaced by World Trade Organization in 1995.
(a) General Agreement on Trade and Tariff
(b) International Monetary Fund
(c) World Bank
(d) OPEC
Answer
Answer: (a) General Agreement on Trade and Tariff