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CBSE Class 10 c10globalisation — practice questions

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A MULTINATIONAL CORPORATION (MNC) is best defined as a company that:When Indian rice is exported to Saudi Arabia AND Thai rice is imported into India, the chapter calls this:The chapter defines GLOBALISATION as the rapid integration across countries of:A TARIFF is best described as:The 1991 economic reforms in India are commonly known as the LPG reforms, where LPG stands for:The World Trade Organisation (WTO) was founded in:A SMALL Indian toy-maker who shut his factory after imported Chinese toys flooded the market is an example of:Tata Motors purchasing Jaguar Land Rover (UK) is an example of:A multinational corporation owns or controls production in:MNCs set up production where they can get cheap labour and other:Money spent on land, buildings and machines is called:Investment made by MNCs is known as:Foreign trade lets producers reach beyond their:In the past, what was the main channel connecting distant countries?Globalisation is the rapid integration or interconnection between:Who is playing a major role in the globalisation process?A tax on imports is an example of a:Why is a tax on imports called a barrier?After Independence, India put up trade barriers in order to:In which decades were Indian industries described as just coming up?Far-reaching changes in Indian policy started around:The government expected competition to improve producers':Removing barriers set by the government is known as:Which organisation aims to liberalise international trade?At whose initiative was the WTO started?How many countries are members of the WTO?Which group has unfairly retained trade barriers?WTO rules have forced which group to remove trade barriers?