Globalization and International Supply Chain Quiz

Question 1

What is the primary objective of globalization?

Accepted Answer

Economic, cultural and political integration

Answer

To strengthen national boundaries

Answer

Only to prevent trade

Answer

To eliminate local industries

Question 2

Which activity comes first in a supply chain?

Accepted Answer

Sourcing and procurement of raw materials

Answer

Product distribution

Answer

Consumer feedback

Answer

Marketing and sales

Question 3

What is a major challenge in global supply chains?

Accepted Answer

Transportation costs and logistics complexities

Answer

Only local production

Answer

Reduction in international trade

Answer

Lack of technology

Question 4

Which policy promotes globalization?

Accepted Answer

Free trade policy and tariff reduction

Answer

Protectionist trade policy

Answer

Import restrictions

Answer

Taxation on exports

Question 5

What is the benefit of Just-In-Time (JIT) system in supply chain?

Accepted Answer

Reduction in inventory costs and increased efficiency

Answer

Labor shortage

Answer

Keeping excess stock

Answer

Delay in production

Question 6

When was the World Trade Organization (WTO) established?

Accepted Answer

In 1995

Answer

In 2000

Answer

In 1980

Answer

In 1975

Question 7

In which year did India become a member of WTO?

Accepted Answer

1995

Answer

1991

Answer

2000

Answer

1998

Question 8

What is the importance of logistics in supply chain?

Accepted Answer

Ensuring smooth transportation and distribution of goods

Answer

Only to increase sales

Answer

To reduce production

Answer

To prevent marketing

Question 9

How has globalization impacted the Indian economy?

Accepted Answer

Increased exports and attraction of foreign investment

Answer

Complete end of agriculture

Answer

Only increase in local trade

Answer

Decrease in foreign trade

Question 10

What is the 'Bullwhip Effect' in supply chain?

Accepted Answer

Small demand changes causing larger supply fluctuations

Answer

Constant increase in demand

Answer

Supply shortage

Answer

Price stability

Globalization and International Supply Chain

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