Deck 6: Infrastructure, Economic Development, and Globalization

Question 1

What is the rank of the construction sector in employment generation?

A)2nd
B)1st
C)4th
D)5th

Answer 1

2nd

Question 2

Which of the following is not in the infrastructure sector?

A)Power generation
B)National highways
C)Food Production
D)Railways

Answer 2

Food Production

Question 3

Which of the following is true:
A. Economic infrastructure means those basic facilities
B. services which directly benefit the process of production and distribution of an economy

A) A only
B) B only
C) both A and B
D) neither A nor B

Answer 3

both A and B

Question 4

Which of the following is true:
A. Development of sufficient and quality infrastructure helps in economic development by facilitating production and investment in any economy.
B. shortage of these facilities in underdeveloped countries is the main cause of less economic development

A)A only
B)B only
C)both A and B
D)neither A nor B

Question 5

Which of the following resulted from the Great Depression?

A)Increased trade barriers and devalued currencies.
B)A stable exchange rate system.
C)Free international capital flows.
D)None of the above of the options given is correct.

Question 6

What is the main role of the IMF?

A)To ensure a stable exchange rate regime and provide emergency assistance to countries facing crises in balance of payments.
B)To be a forum for trade and liberalization.
C)To assist countries in development.
D)To facilitate private investment around the world.

Question 7

What is meant by the 'Washington Consensus'?

A)The consensus in Washington about matters of foreign policy.
B)The ten-point guideline to liberal economic reform for development around the world.
C)The ten-point guideline for economic growth in Europe.
D)The ten-point neo-liberal guideline for progress in the US.

Question 8

Why do states undertake protectionist measures?

A)To assist private investment.
B)To keep competitive foreign goods from flooding the market.
C)To keep stable exchange rates.
D)All of the options given are correct.

Question 9

What does structural adjustment involve?

A)Measures to reduce inflation.
B)Measures to curb government expenditure.
C)Deregulation.
D)All of the options given are correct

Question 10

What is the mercantilist view of IPE?

A)The world economy is where states seek to maximize their wealth and independence relative to other states.
B)The world economy is an arena of capitalist competition in which social groups are always in conflict.
C)Free trade and free movement of capital shape the policies of governments and economic actors.
D)None of the above of the options given are correct.

Question 11

What is Dependency Theory?

A)Economic activity in the richer countries often leads to serious economic problems in the poorer countries.
B)Economic development of poorer countries is positively dependent on economic growth of richer countries.
C)Economic growth is beneficial to all.
D)None of the above of the options given are correct.

Question 12

The constructivist approach pays attention to what?

A)The rational actor.
B)How rational choice can be applied to constructing social groups.
C)How actors construct their interests within a structure of ideas, culture, and
D)How states and other actors construct their preferences, highlighting the role of identities, beliefs, tradition, and values.

Question 13

Under what conditions will states create international institutions?

A)For mutual gains.
B)Only where position relative to other states is not affected.
C)They arise as reflections of identities and interest of states and groups which are themselves forged through interactions.
D)Depends on the school of thought.

Question 14

Amalgamation and rapid unification between countries can be identified as

A)Globalisation
B)Liberalisation
C)Socialisation
D)Privatisation

Question 15

Globalisation has improved in the living structure of

A)All the people
B)Workers in developing countries
C)People in developed countries
D)None of the above.

Question 16

Which Indian industries have been hit by globalisation?

A)Cement
B)Jute
C)Toy making
D)Information Technology (IT)

Question 17

Which organisations strain on the liberalisation of foreign investment and foreign trade?

A)International Monetary Fund
B)World Health Organisation
C)World Trade Organisation
D)International Labour Organisation

Question 18

Tax on imports can be treated as

A)Collateral
B)Trade Barriers
C)Foreign Trade
D)Terms of Trade

Question 19

The main reason behind MNCs investments are

A)To benefit foreign countries
B)To provide financial support to the country's government
C)For the welfare of underprivileged people.
D)To increase the assets and earn profits.

Question 20

Which institute supports investments and foreign trade in India?

A)International Monetary Fund (IMF)
B)World Trade Organisation (WTO)
C)World Bank
D)International Labour Organisation (ILO)

Question 21

When did the government remove the barriers for investment and investment in India?

A)1990
B)1991
C)1992
D)1993

Question 22

Hyperglobalization is a process of globalization which -

A)emphasizes the rise of regionalism
B)emphasizes the rise of the TNC and decline of the nation state
C)emphasizes the rise of nation states
D)emphasizes the decline of the TNC