Globalisation MCQ – Economics MCQs

Globalisation MCQ, which are covered in this chapter, relate to the topic, Globalisation. Globalisation MCQ Test contains 10 questions. Answers to Globalisation MCQ are available at the end of the last question.

1. IMF was organized in ______:

(a)    1946

(b)    1956

(c)     1966

(d)    1976

2. Organisation which does not facilitable the process of globalization:

(a)    IMF

(b)    World Bank

(c)     Asian Bank

(d)    WTO

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



4. Exports now finance over ______ of imports :

(a)    50%

(b)    60%

(c)     70%

(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%

6. IMF commenced its operation in :

(a)    March 1947

(b)    April 1947

(c)     Dec 1947

(d)    April 1957

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)     Disinvement

(d)    Globalization

8. Present membership of WTO is around _______ countries : (updated)

(a)    135

(b)    151

(c)     180

(d)    184




9. WTO was formed in ______:

(a)    1990

(b)    1991

(c)     2000

(d)    1995

10. The other name of World Bank is :

(a)    IDA

(b)    IFC

(c)     IBRD

(d)    All of these

ANSWERS

1. (a) 1946

2. (c) Asian Bank

3. (b) Globalization

4. (d) 80%

5. (b) 10%

6. (a) March 1947

7. (d) Globalization

8. (b) 151

9. (d) 1995

10 (c) IBRD

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