Globalisation — Important Questions
ICSE · Class 12 · Business Studies
70 important questions from Globalisation for ICSE Class 12 Business Studies, with answers. Includes multiple choice and multiple correct questions.
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Important Questions from Globalisation
Which statement about a truly global corporation is correct?
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It views the entire world as a single market
A truly global corporation sees the whole world as one market and does not sharply separate domestic and foreign markets.
Which organisation defines globalisation as the process through which the free flow of ideas, people, goods, services and capital leads to integration of economies and societies?
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International Monetary Fund
The International Monetary Fund defines globalisation in terms of free flow of ideas, people, goods, services and capital leading to integration of economies and societies.
Which dictionary phrase gives the literal meaning of globalisation?
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To make global, that is worldwide
The literal meaning given is making something global or worldwide, or considering the whole world or all people.
Which of the following is a feature of globalisation?
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Liberalisation of trade
Liberalisation of trade is one of the main features of globalisation.
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