Question : Which of the following best describes the concept of "global village"?
Option 1: A world divided by cultural differences
Option 2: A world where global trade is minimized
Option 3: A world interconnected by communication technologies
Option 4: A world with increasing national borders
Correct Answer: A world interconnected by communication technologies
Solution : The concept of "global village" describes a world that is interconnected by communication technologies, making it possible for people to connect and share information across great distances as if they were in a small village.
Question : The concept of "deterritorialization" in globalisation refers to:
Option 1: Strengthening of territorial borders
Option 2: Reduction of global trade
Option 3: Weakening of the link between culture and place
Option 4: Decrease in international communication
Question : The concept of "human development index" (HDI) is developed by:
Option 1: World Bank
Option 2: International Monetary Fund (IMF)
Option 3: United Nations Development Programme (UNDP)
Option 4: World Trade Organization (WTO)
Question : How does the World Trade Organization (WTO) promote trade liberalization?
Option 1: By imposing trade sanctions
Option 2: By reducing trade barriers
Option 3: By offering financial incentives
Option 4: By increasing import quotas
Question : What has been a key feature of global trade in the era of globalisation?
Option 1: Decreased international trade agreements
Option 2: Reduced flow of goods and services across borders
Option 3: Increased protectionism by all countries
Option 4: Growth in global supply chains
Question : The ______ is a global international organisation dealing with the rules of trade between nations.
Option 1: International Monetary Fund
Option 2: World Bank
Option 3: World Trade Organisation
Option 4: International Finance Corporation
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