Globalisation MCQ – Economics MCQs

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


 

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