CUET Political Science MCQs Globalization and Its Critics: Economic

Question : In 1986-87, the overall fiscal deficit of India touched an all time high of
a) 5% of GDP.
b) 7% of GDP.
c) 9% of GDP.
d) 10% of GDP.
Answer : C

Question : Globalisation is
a) An uni dimensional
b) Multi-dimensional phenomenon
c) A Political Phenomenon
d) A Cultural Phenomenon
Answer : B

Question : According to the rightist view in India, globalisation tends to
a) Benefits the weaker section of the society.
b) Divides the State into rich and poor.
c) Weakens the State.
d) Reduces political party competition.
Answer : C

Question : In which meeting there was a protest alleging that unfair trading practiced by the developed countries?
a) WTO ministerial meetings at Seattle in 1992.
b) IMF meetings at Washington in 1994.
c) WTO ministerial meeting at Paris in 1990.
d) WTO ministerial meeting at London in 1988.
Answer : A

Question : Choose the correct option that has significantly contributed to the process of ‘Globalization’.
a) Fear of war
b) Security threats
c) Advancement of technology
d) Achievements of the United Nations U
Answer : C

Question : How India became an exporter of primary goods and raw materials and a consumer of finished goods?
a) Because of its riches in agriculture
b) During the Mughal period this exports increased
c) As a consequence of Britain’s imperial ambitions this exports started
d) None of the above
Answer : C

Question : What was the protest at World Trade Organization Ministerial Meeting, 1999?
a) The decreasing job opportunities by developed nations
b) The threat of pandemic
c) Unfair trade practices by the economically powerful states
d) Deteriorating cultural practices
Answer : C

Question : When did the government remove the barriers for investment in India?
a) 1990
b) 1991
c) 1992
d) 1993
Answer : B

Question : What is the amalgamation and rapid unification between countries identified as?
a) Globalisation
b) Liberalisation
c) Socialisation
d) Privatisation
Answer : A

Question : Which of the statements are true about globalisation?
a) Globalisation is purely an economic phenomenon.
b) Globalisation began in 1991.
c) Globalisation is the same thing as westernisation.
d) Globalisation is a multidimensional phenomenon.
Answer : D

Question : Globalization has ......................... dimensions.
a) political and social
b) social and economic
c) political and economic
d) political, social and economic
Answer : D

Question : Which one of the following is a right cause of globalization?
a) The U.S. people initiated globalization
b) Technology led to globalization
c) The Cold War led to globalization
d) The policy of Non-alignment led to globalization
Answer : B

Question : Which one of the following is the disadvantage of globalization?
a) It creates global opportunities
b) It paves the way for global market
c) It fails to generate sufficient employment
d) None of the above
Answer : C

Question : Within a year, _____ of the toy shops had replaced Indian toys with Chinese toys?
a) 40 to 50%
b) 50 to 60%
c) 70 to 80%
d) 80 to 90%
Answer : C

Question : ______ has helped most in the spread of production of services?
a) Email
b) Telegraph
c) Call centres
d) Fax
Answer : C

Question : What is one of the universal criticism given by the critics to globalization?
a) The rich get richer and the poor get poorer.
b) The economic depression would start in 21st century.
c) It would lead the concentration of the global wealth to one country.
d) None of the above
Answer : A

Question : Which of the following statements is true about the causes of Globalisation?
a) Growth of multinational companies with a global presence in many different economies.
b) Globalisation is caused by a particular community of people.
c) Globalisation originated in the US.
d) Economic interdependence alone causes globalisation. 
Answer : A

Question : The main agenda of the World Social Forum is:
a) opposition to terrorism
b) opposition to neo- liberal globalization
c) opposition to colonialism
d) opposition to communism.
Answer : B

Question : Which of the statements is true about the causes of globalisation?
a) Technology is an important cause of globalisation.
b) Globalisation is caused by a particular community of people.
c) Globalisation originated in the U.S.
d) Economic interdependence alone causes globalisation.
Answer : C

Question : The wake of globalization was first felt in the 1990s in India when the finance minister, ..................... initiated the economic liberalization plan. 
a) Dr. Manmohan Singh
b) V.P. Singh
c) Atal Bihari Vajpayee
d) Rajiv Gandhi
Answer : A

Question : Why India decided to deregulate various sectors including trade and foreign investment?
a) Because Indian economy was not in balance
b) It was a response to a financial crisis and to the desire for higher rates of economic growth
c) Because government needed money
d) All of the above
Answer : B

Question : Globalisation began in -
a) 1990
b) 1991
c) 1992
d) 1993
Answer : B

Question : Globalisation heads to each culture becoming.
a) More different
b) More distinctive
c) More different and distinctive
d) More transparent
Answer : C

Question : Globalisation has allowed the ..................... of customs, language and products.
a) restriction
b) spread
c) devaluing
d) escalation
Answer : B

Question : The fourth WSF meeting was held in -
a) Brazil
b) India
c) China
d) Bangladesh
Answer : B

Question : Globalization leads to each culture becoming .....................
a) more different
b) more transparent
c) more distinctive
d) more different and distinctive
Answer : D

Question : Removing barriers or restrictions set by the government is what is known as _____?
a) Globalization
b) Liberalisation
c) Regeneration
d) Expansion
Answer : B

Question : India has felt the impact of globalization through increased prosperity, partly triggered by increasing trade volumes, investment, and:
a) weapons
b) growth
c) hatred
d) terrorism
Answer : B

Question : The first WSF meeting was organized in -The earth summit was held in -
a) Mumbai in 2004
b) Delhi in 2004
c) Porto Alerge in 2001
d) Paris in 2001
Answer : D

Question : What are the key ideas behind understanding the process of globalisation and its impact?
a) Integration of production
b) Integration of gross profits
c) Integration of markets
d) A & C
Answer : C