Tag: concept and necessity of globalization

Questions Related to concept and necessity of globalization

___________ enables the government to concentrate more on the essential state.

organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

  1. Privatization

  2. Political policies

  3. Increase in tax returns

  4. Fiscal policies

Show answer
Correct Option: A
Explanation:

Privatization enables the government to concentrate more on the essential state.Privatization refers to  the process of transferring of ownership and management of an enterprise from public sector to the private sector. Another dimension of privatization is opening up of an industry that has been reserved for the public sector to the private sector.The objective of privatization is to generate revenues for the state.

"Foreign Collaboration" is an outcome of ________.

organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

  1. globalization

  2. increase in skilled labour

  3. reduction in export duty

  4. privatization

Show answer
Correct Option: D
Explanation:

"Foreign Collaboration" is an outcome of privatization. It refers to  the process of transferring of ownership and management of an enterprise from public sector to the private sector.

The inability of domestic markets to provide ample business for all is the reason for _________.

organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

  1. liberalization

  2. globalization

  3. change in political policies

  4. increase in export

Show answer
Correct Option: B
Explanation:

The inability of domestic markets to provide ample business for all is the reason for globalization. Globalization is defined as the process of growing interdependence of the economies through increasing volume and variety of cross border transactions in goods and services and of international capital flows, and also throug the more rapid and widespread diffusion of technology.

The relaxation of government restrictions in areas of social of economic policy is known as _______.

organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

  1. privatization

  2. globalization

  3. liberalization

  4. none of the above

Show answer
Correct Option: C
Explanation:

The relaxation of government restrictions in areas of social of economic policy is known as liberalization. It refers to the process of eliminating unnecessary conntrols and restrictions on the smooth functioning of business enterprise.

Macro level globalization means ________.

organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

  1. globalization of the world economy

  2. globalization of the business and the form

  3. both a and b

  4. none of the above

Show answer
Correct Option: A
Explanation:

Macro level globalization means globalization of the world economy.Globalization is defined as the process of growing interdependence of the economies through increasing volume and variety of cross border transactions in goods and services and of international capital flows, and also throug the more rapid and widespread diffusion of technology.

The important routes of privatization are _______.

organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

  1. privatization of management, using leases and management contracts

  2. privatization of ownership, through the sales of equality

  3. franchising-authorizing the delivery of certain services in designated geographical areas

  4. all of the above

Show answer
Correct Option: D
Explanation:
Privatization refers to  the process of transferring of ownership and management of an enterprise from public sector to the private sector. Another dimension of privatization is opening up of an industry that has been reserved for the public sector to the private sector.The important routes of privatization are:a) privatization of management, using leases and management contracts
b) privatization of ownership, through the sales of equalityc) franchising-authorizing the delivery of certain services in designated geographical areas

Liberalization includes ________.

organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

  1. abolishing industrial licensing requirement in most of the industries

  2. freedom in deciding the scale of business activities

  3. freedom in fixing prices of goods and services

  4. all of the above

Show answer
Correct Option: D
Explanation:
The relaxation of government restrictions in areas of social of economic policy is known as liberalization. It refers to the process of eliminating unnecessary controls and restrictions on the smooth functioning of business enterprise.Liberalization includes:a) abolishing industrial licensing requirement in most of the industries
b) freedom in deciding the scale of business activities
c) freedom in fixing prices of goods and services

Privatization can also be called _________.

organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

  1. nationalization

  2. denationalization

  3. growth of cottage industry

  4. foreign investment

Show answer
Correct Option: B
Explanation:

Privatization can also be called denationalization.Privatization refers to  the process of transferring of ownership and management of an enterprise from public sector to the private sector. Another dimension of privatization is opening up of an industry that has been reserved for the public sector to the private sector.

Liberalisation has resulted in ____________ of foreign business organization.

organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

  1. easy exit

  2. easy entry

  3. difficult entry

  4. none of the above

Show answer
Correct Option: B
Explanation:

Liberalization has resulted in easy entry of foreign business organization. Liberalization refers to the process of eliminating unnecessary controls and restrictions on the smooth functioning of business enterprise.

The negative effects of globalization on Indian industry are _______.

organisation of commerce and management liberalization, privatization and globalization concept and necessity of globalization highlights of lpg policy multinational corporations

  1. it increased competition in the Indian market between the foreign and domestic companies

  2. it reduced the amount of profit of the Indian Industry companies.

  3. both a and b

  4. none of the above

Show answer
Correct Option: C
Explanation:
Globalization is defined as the process of growing interdependence of the economies through increasing volume and variety of cross border transactions in goods and services and of international capital flows, and also through the more rapid and widespread diffusion of technology.The negative effects of globalization on Indian industry are:a) it increased competition in the Indian market between the foreign and domestic companies
b) it reduced the amount of profit of the Indian Industry companies.