Globalisation MCQs with Answers
Globalisation – MCQs with Answers & Explanations
Class: CBSE Class 11
Subject: Economics
Section: Liberalisation, Privatisation & Globalisation
Topic: Globalisation
Board: CBSE Board Examinations
Subject: Economics
Section: Liberalisation, Privatisation & Globalisation
Topic: Globalisation
Board: CBSE Board Examinations
These Multiple Choice Questions (MCQs) are designed strictly as per the NCERT syllabus, making them ideal for CBSE Class 11 Board Examination preparation. Each question includes detailed explanations for clear conceptual understanding.
1. Globalisation refers to:
Answer: B
It involves free flow of goods, services, capital and technology.
It involves free flow of goods, services, capital and technology.
2. Globalisation in India accelerated after:
Answer: B
LPG reforms opened the economy globally.
LPG reforms opened the economy globally.
3. Key driver of globalisation:
Answer: A
Reduced tariffs and trade barriers.
Reduced tariffs and trade barriers.
4. FDI stands for:
Answer: A
Foreign capital invested in domestic firms.
Foreign capital invested in domestic firms.
5. MNCs are:
Answer: B
Operate in multiple countries.
Operate in multiple countries.
6. Globalisation increases:
Answer: A
Exports and imports expand.
Exports and imports expand.
7. Technology transfer occurs through:
Answer: A
Foreign firms bring advanced technology.
Foreign firms bring advanced technology.
8. WTO promotes:
Answer: A
Ensures global trade rules.
Ensures global trade rules.
9. Consumers benefit through:
Answer: A
Access to global products.
Access to global products.
10. Service sector growth linked to:
Answer: A
Software & BPO expansion.
Software & BPO expansion.
11. Global competition leads to:
Answer: A
Firms innovate to survive.
Firms innovate to survive.
12. Export growth after globalisation:
Answer: A
Access to global markets improved.
Access to global markets improved.
13. Forex reserves:
Answer: A
Due to export & capital inflows.
Due to export & capital inflows.
14. Cultural exchange is part of:
Answer: A
Ideas and lifestyles spread globally.
Ideas and lifestyles spread globally.
15. Critics argue globalisation causes:
Answer: A
Benefits unevenly distributed.
Benefits unevenly distributed.
16. Small firms face:
Answer: A
MNC competition challenges them.
MNC competition challenges them.
17. Employment impact:
Answer: A
New jobs but displacement too.
New jobs but displacement too.
18. Outsourcing is linked to:
Answer: A
Services contracted globally.
Services contracted globally.
19. Market access becomes:
Answer: A
Firms sell globally.
Firms sell globally.
20. Overall impact:
Answer: A
India became globally connected.
India became globally connected.
