15 MCQ on Liberalisation and Globalisation: Implications for State Politics with answers
15 MCQ on Liberalisation and Globalisation: Implications for State Politics with answers
1. What is the primary objective of liberalization and globalization in the context of state politics?
a) Strengthening state control over the economy
b) Promoting protectionism in trade policies
c) Opening up markets and reducing government intervention
d) Increasing state ownership of key industries
Answer: c) Opening up markets and reducing government intervention
2. Which term describes the removal of trade barriers such as tariffs and quotas between countries?
a) Protectionism
b) Isolationism
c) Liberalization
d) Globalization
Answer: c) Liberalization
3. What is the main consequence of globalization on state politics?
a) Increased state sovereignty
b) Decreased international cooperation
c) Reduced autonomy of states in economic matters
d) Strengthened barriers to migration
Answer: c) Reduced autonomy of states in economic matters
4. Which international organization is primarily responsible for promoting global economic cooperation and trade liberalization?
a) World Trade Organization (WTO)
b) International Monetary Fund (IMF)
c) World Bank
d) United Nations (UN)
Answer: a) World Trade Organization (WTO)
5. Which country is often cited as a pioneer of liberalization and globalization policies in the late 20th century?
a) United States
b) United Kingdom
c) Japan
d) China
Answer: b) United Kingdom
6. What is the term for the process by which companies move their operations to countries with lower labor costs?
a) Outsourcing
b) Offshoring
c) Insourcing
d) Homeshoring
Answer: b) Offshoring
7. Which of the following is NOT a typical consequence of liberalization and globalization on state politics?
a) Increased economic competition
b) Rise of protectionist policies
c) Integration into the global economy
d) Heightened economic interdependence
Answer: b) Rise of protectionist policies
8. Which theory suggests that as countries become more economically interdependent, the likelihood of conflict decreases?
a) Realism
b) Liberalism
c) Constructivism
d) Dependency theory
Answer: b) Liberalism
9. What is the primary concern regarding the impact of globalization on state sovereignty?
a) Loss of cultural identity
b) Increase in military aggression
c) Erosion of state authority
d) Rise of nationalist movements
Answer: c) Erosion of state authority
10. Which sector of the economy is often the first to be liberalized in many countries?
a) Agriculture
b) Manufacturing
c) Services
d) Technology
Answer: c) Services
11. What term describes the phenomenon where multinational corporations have significant influence over state policies and economies?
a) Neoliberalism
b) Corporatocracy
c) Plutocracy
d) Oligarchy
Answer: b) Corporatocracy
12. Which concept emphasizes the interconnectedness of global economies, societies, and cultures?
a) Economic nationalism
b) Ethnocentrism
c) Globalization
d) Isolationism
Answer: c) Globalization
13. What is the primary goal of trade liberalization?
a) Promote economic self-sufficiency
b) Increase government control over trade
c) Stimulate economic growth through international trade
d) Limit international investment
Answer: c) Stimulate economic growth through international trade
14. Which of the following is NOT a typical feature of neoliberal economic policies?
a) Privatization of state-owned enterprises
b) Deregulation of markets
c) Increased government intervention in the economy
d) Reduction of barriers to international trade
Answer: c) Increased government intervention in the economy
15. Which region has experienced significant economic liberalization and globalization in recent decades, leading to its emergence as a major economic power?
a) Latin America
b) Sub-Saharan Africa
c) Southeast Asia
d) Eastern Europe
Answer: c) Southeast Asia
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