Deck 5: IMF, Globalisation and WTO

Question 1

Indian quota in the IMF stands at ……………………… of the total quotal quota .

A)2.79%
B)5.67%
C)6.49%
D)3.4%

Answer 1

5.67%

Question 2

………………….has third highest quota in the IMF.

A)china
B)russia
C)india
D)japan

Answer 2

china

Question 3

Which country has highest quota in the IMF?

A)usa
B)india
C)china
D)russia

Answer 3

usa

Question 4

If the Balance of Payment of a country is adverse, then which institution will help that country?

A)world bank
B)world trade organization
C)international monetary fund
D)asian development bank

Question 5

Which of the following currency is not included in the calculation of Special Drawing Right (SDR) value?

A)yen
B)yuan
C)rupee
D)pound sterling

Question 6

Which of the following is known as the Paper Gold?

A)us dollar
B)pound
C)demand draft
D)special drawing right

Question 7

Special Drawing Right (SDR) was introduced in the……………….by the IMF to solve the problem of International liquidity.

A)1969
B)1970
C)1971
D)1972

Question 8

The past two decades of globalisation has seen rapid movements in……………………

A)goods, services and people between countries
B)goods, services and investments between countries
C)goods, investments and people between countries
D)none of these

Question 9

The most common route for investments by MNCs in countries around the world is to………………………

A)set up new factories
B)buy existing local companies
C)form partnerships with local companies
D)both (a) and (b)

Question 10

Globalisation has led to higher standards of living of…………………….

A)well-off consumers
B)poor consumers
C)big producers
D)small producers

Question 11

A company that owns or controls production in more than one nation is called……………………………

A)multinational corporation
B)joint stock company
C)global company
D)none of these

Question 12

Where do MNCs choose to set up production?

A)cheap goods
B)cheap labour resources
C)economic sustainability
D)none of these

Question 13

Ford Motors entered the Indian automobile business in collaboration with which Indian manufacturer?

A)mahindra and mahindra
B)tata motors
C)maruti suzuki
D)hindustan motors

Question 14

Globalisation by connecting countries leads to……………………

A)lesser competition among producers
B)greater competition among producers
C)no competition between producers
D)none of these

Question 15

One major factor that has stimulated the globalisation process is………………

A)effective utilisation of resources
B)increase in income and wealth
C)willingness to cooperate
D)rapid improvement in technology

Question 16

Which out of the following is an example of a trade barrier?

A)foreign investment
B)delay or damage of goods
C)tax on imports
D)none of these

Question 17

Removing barriers or restrictions set by the government is called:

A)liberalisation
B)investment
C)favourable trade
D)free trade

Question 18

Globalisation has created new opportunities of…………………………

A)employment
B)emerging multinationals
C)providing services
D)all of the above

Question 19

One major government initiative to attract foreign companies to invest in India is…………………………

A)to raise the standard of education
B)to promote unemployment in the public sector
C)to build special economic zones
D)both (a) and (c)

Question 20

Globalisation has posed major challenges for………………………

A)big producers
B)small producers
C)rural poor
D)none of these

Question 21

Fair globalisation would mean…………………………

A)fair opportunities for all
B)fair benefits for all
C)more support to small producers
D)all of the above

Question 22

Government can make globalisation more 'fair' by……………………………..

A)increasing competition
B)increasing employment
C)implementing the labour laws
D)imposing trade barriers

Question 23

Which of the following is not the objective of the WTO?

A)to improve the standard of living of peoples of the member countries
B)to enlarge production and trade of goods
C)to protect environment
D)to improve the balance of payment situation of the member countries

Question 24

Which of the following body is not related to the WTO?

A)dispute settlement body
B)trade policy review body
C)exchange rate management body
D)council of trade in goods