15 MCQ on Globalisation: meanings and dimensions with answers

15 MCQ on Globalisation: meanings and dimensions with answers

1. What is the primary driver of globalization?

   A) Technological advancements

   B) Political ideologies

   C) Environmental concerns

   D) Cultural preservation

   Answer: A) Technological advancements

2. Which of the following best defines globalization?

   A) The process of increasing interdependence among countries economically, politically, and culturally.

   B) The promotion of nationalism and isolationism.

   C) The decline of international trade.

   D) The emphasis on maintaining traditional boundaries.

   Answer: A) The process of increasing interdependence among countries economically, politically, and culturally.

3. Which dimension of globalization refers to the flow of goods and services across national borders?

   A) Economic globalization

   B) Cultural globalization

   C) Political globalization

   D) Environmental globalization

   Answer: A) Economic globalization

4. The spread of McDonald's restaurants worldwide is an example of:

   A) Cultural globalization

   B) Political globalization

   C) Economic globalization

   D) Social globalization

   Answer: A) Cultural globalization

5. Which of the following is NOT a dimension of globalization?

   A) Technological

   B) Linguistic

   C) Cultural

   D) Political

   Answer: B) Linguistic

6. Which economic theory is closely associated with globalization and advocates for free trade and minimal government intervention?

   A) Marxism

   B) Keynesianism

   C) Neoliberalism

   D) Mercantilism

   Answer: C) Neoliberalism

7. The exchange of ideas, values, and beliefs among different cultures is known as:

   A) Economic globalization

   B) Cultural globalization

   C) Political globalization

   D) Social globalization

   Answer: B) Cultural globalization

8. Which term refers to the process of outsourcing jobs to countries with lower labor costs?

   A) Offshoring

   B) Insourcing

   C) Homeshoring

   D) Nearshoring

   Answer: A) Offshoring

9. The World Trade Organization (WTO) primarily deals with:

   A) Promoting environmental sustainability

   B) Regulating global financial markets

   C) Facilitating international trade agreements

   D) Combatting global terrorism

   Answer: C) Facilitating international trade agreements

10. Which of the following is NOT a potential consequence of globalization?

    A) Cultural homogenization

    B) Economic inequality

    C) Increased cultural diversity

    D) Environmental degradation

   Answer: C) Increased cultural diversity

11. The process of companies expanding their operations to operate on a global scale is known as:

    A) Localization

    B) Nationalization

    C) Globalization

    D) Internationalization

    Answer: D) Internationalization

12. Which organization is responsible for issuing the World Economic Outlook report?

    A) International Monetary Fund (IMF)

    B) World Bank

    C) United Nations (UN)

    D) World Trade Organization (WTO)

    Answer: A) International Monetary Fund (IMF)

13. Which term refers to the movement of people across borders in search of better economic opportunities?

    A) Cultural diffusion

    B) Immigration

    C) Brain drain

    D) Transnationalism

    Answer: B) Immigration

14. The term "glocalization" refers to:

    A) The spread of global brands into local markets

    B) The resistance against globalization

    C) The standardization of cultures worldwide

    D) The dominance of local cultures over global ones

    Answer: A) The spread of global brands into local markets

15. Which region has been particularly affected by the phenomenon of "deindustrialization" due to globalization?

    A) Sub-Saharan Africa

    B) Latin America

    C) East Asia

    D) Western Europe

    Answer: D) Western Europe