QID #25758
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which statement best explains Digital globalization?
A
Price of one currency expressed in terms of another
B
Contracting a business process to an external provider
C
Cross-border flow of data, digital services, knowledge and platform-based commerce
D
Development institution providing finance and knowledge for development
Correct Answer: C. Cross-border flow of data, digital services, knowledge and platform-based commerce
Question: Which statement best explains Digital globalization?
A. Price of one currency expressed in terms of another
B. Contracting a business process to an external provider
C. Cross-border flow of data, digital services, knowledge and platform-based commerce
D. Development institution providing finance and knowledge for development
Correct Answer: C. Cross-border flow of data, digital services, knowledge and platform-based commerce
Explanation: Digital globalization: Cross-border flow of data, digital services, knowledge and platform-based commerce
QID #25757
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which of the following is best described as: Cross-border flow of data, digital services, knowledge and platform-based commerce
A
Digital globalization
B
Quota
C
Exchange rate
D
Globalization
Correct Answer: A. Digital globalization
Question: Which of the following is best described as: Cross-border flow of data, digital services, knowledge and platform-based commerce
A. Digital globalization
B. Quota
C. Exchange rate
D. Globalization
Correct Answer: A. Digital globalization
Explanation: The correct answer is Digital globalization. Cross-border flow of data, digital services, knowledge and platform-based commerce
QID #25756
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which statement best explains Regional economic integration?
A
Policies designed to shield domestic producers from foreign competition
B
Process through which countries coordinate or combine economic policies and markets
C
Cross-border flow of data, digital services, knowledge and platform-based commerce
D
Investment involving lasting interest and significant influence in an enterprise abroad
Correct Answer: B. Process through which countries coordinate or combine economic policies and markets
Question: Which statement best explains Regional economic integration?
A. Policies designed to shield domestic producers from foreign competition
B. Process through which countries coordinate or combine economic policies and markets
C. Cross-border flow of data, digital services, knowledge and platform-based commerce
D. Investment involving lasting interest and significant influence in an enterprise abroad
Correct Answer: B. Process through which countries coordinate or combine economic policies and markets
Explanation: Regional economic integration: Process through which countries coordinate or combine economic policies and markets
QID #25755
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which of the following is best described as: Process through which countries coordinate or combine economic policies and markets
A
Foreign direct investment
B
Offshoring
C
Protectionism
D
Regional economic integration
Correct Answer: D. Regional economic integration
Question: Which of the following is best described as: Process through which countries coordinate or combine economic policies and markets
A. Foreign direct investment
B. Offshoring
C. Protectionism
D. Regional economic integration
Correct Answer: D. Regional economic integration
Explanation: The correct answer is Regional economic integration. Process through which countries coordinate or combine economic policies and markets
QID #25754
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which statement best explains Free trade agreement?
A
Development institution providing finance and knowledge for development
B
Contracting a business process to an external provider
C
Tax imposed on imported or exported goods
D
Agreement among countries to reduce trade barriers between them
Correct Answer: D. Agreement among countries to reduce trade barriers between them
Question: Which statement best explains Free trade agreement?
A. Development institution providing finance and knowledge for development
B. Contracting a business process to an external provider
C. Tax imposed on imported or exported goods
D. Agreement among countries to reduce trade barriers between them
Correct Answer: D. Agreement among countries to reduce trade barriers between them
Explanation: Free trade agreement: Agreement among countries to reduce trade barriers between them
QID #25753
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which of the following is best described as: Agreement among countries to reduce trade barriers between them
A
Global value chain
B
World Bank Group
C
Free trade agreement
D
Protectionism
Correct Answer: C. Free trade agreement
Question: Which of the following is best described as: Agreement among countries to reduce trade barriers between them
A. Global value chain
B. World Bank Group
C. Free trade agreement
D. Protectionism
Correct Answer: C. Free trade agreement
Explanation: The correct answer is Free trade agreement. Agreement among countries to reduce trade barriers between them
QID #25752
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which statement best explains Protectionism?
A
WTO principle requiring non-discriminatory treatment among trading partners, subject to exceptions
B
Cross-border investment mainly in financial assets without managerial control
C
Policies designed to shield domestic producers from foreign competition
D
Institution focused on international monetary cooperation and balance-of-payments support
Correct Answer: C. Policies designed to shield domestic producers from foreign competition
Question: Which statement best explains Protectionism?
A. WTO principle requiring non-discriminatory treatment among trading partners, subject to exceptions
B. Cross-border investment mainly in financial assets without managerial control
C. Policies designed to shield domestic producers from foreign competition
D. Institution focused on international monetary cooperation and balance-of-payments support
Correct Answer: C. Policies designed to shield domestic producers from foreign competition
Explanation: Protectionism: Policies designed to shield domestic producers from foreign competition
QID #25751
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which of the following is best described as: Policies designed to shield domestic producers from foreign competition
A
Protectionism
B
Portfolio investment
C
Quota
D
International Monetary Fund
Correct Answer: A. Protectionism
Question: Which of the following is best described as: Policies designed to shield domestic producers from foreign competition
A. Protectionism
B. Portfolio investment
C. Quota
D. International Monetary Fund
Correct Answer: A. Protectionism
Explanation: The correct answer is Protectionism. Policies designed to shield domestic producers from foreign competition
QID #25750
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which statement best explains Currency depreciation?
A
Contracting a business process to an external provider
B
Fall in the market value of a currency relative to another currency
C
Reduction of tariffs and non-tariff barriers to international trade
D
Development institution providing finance and knowledge for development
Correct Answer: B. Fall in the market value of a currency relative to another currency
Question: Which statement best explains Currency depreciation?
A. Contracting a business process to an external provider
B. Fall in the market value of a currency relative to another currency
C. Reduction of tariffs and non-tariff barriers to international trade
D. Development institution providing finance and knowledge for development
Correct Answer: B. Fall in the market value of a currency relative to another currency
Explanation: Currency depreciation: Fall in the market value of a currency relative to another currency
QID #25749
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which of the following is best described as: Fall in the market value of a currency relative to another currency
A
Outsourcing
B
World Bank Group
C
Currency depreciation
D
World Trade Organization
Correct Answer: C. Currency depreciation
Question: Which of the following is best described as: Fall in the market value of a currency relative to another currency
A. Outsourcing
B. World Bank Group
C. Currency depreciation
D. World Trade Organization
Correct Answer: C. Currency depreciation
Explanation: The correct answer is Currency depreciation. Fall in the market value of a currency relative to another currency
QID #25748
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which statement best explains Exchange rate?
A
Investment involving lasting interest and significant influence in an enterprise abroad
B
Fall in the market value of a currency relative to another currency
C
Multilateral body dealing with rules of international trade
D
Price of one currency expressed in terms of another
Correct Answer: D. Price of one currency expressed in terms of another
Question: Which statement best explains Exchange rate?
A. Investment involving lasting interest and significant influence in an enterprise abroad
B. Fall in the market value of a currency relative to another currency
C. Multilateral body dealing with rules of international trade
D. Price of one currency expressed in terms of another
Correct Answer: D. Price of one currency expressed in terms of another
Explanation: Exchange rate: Price of one currency expressed in terms of another
QID #25747
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which of the following is best described as: Price of one currency expressed in terms of another
A
Foreign direct investment
B
Tariff
C
Exchange rate
D
World Bank Group
Correct Answer: C. Exchange rate
Question: Which of the following is best described as: Price of one currency expressed in terms of another
A. Foreign direct investment
B. Tariff
C. Exchange rate
D. World Bank Group
Correct Answer: C. Exchange rate
Explanation: The correct answer is Exchange rate. Price of one currency expressed in terms of another
QID #25746
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which statement best explains Quota?
A
Increasing cross-border integration of economies, societies, technology and information
B
Process through which countries coordinate or combine economic policies and markets
C
Quantitative restriction on the amount of a good that may be imported or exported
D
Reduction of tariffs and non-tariff barriers to international trade
Correct Answer: C. Quantitative restriction on the amount of a good that may be imported or exported
Question: Which statement best explains Quota?
A. Increasing cross-border integration of economies, societies, technology and information
B. Process through which countries coordinate or combine economic policies and markets
C. Quantitative restriction on the amount of a good that may be imported or exported
D. Reduction of tariffs and non-tariff barriers to international trade
Correct Answer: C. Quantitative restriction on the amount of a good that may be imported or exported
Explanation: Quota: Quantitative restriction on the amount of a good that may be imported or exported
QID #25745
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which of the following is best described as: Quantitative restriction on the amount of a good that may be imported or exported
A
Quota
B
World Bank Group
C
Digital globalization
D
Offshoring
Correct Answer: A. Quota
Question: Which of the following is best described as: Quantitative restriction on the amount of a good that may be imported or exported
A. Quota
B. World Bank Group
C. Digital globalization
D. Offshoring
Correct Answer: A. Quota
Explanation: The correct answer is Quota. Quantitative restriction on the amount of a good that may be imported or exported
QID #25744
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which statement best explains Tariff?
A
Process through which countries coordinate or combine economic policies and markets
B
Tax imposed on imported or exported goods
C
Multilateral body dealing with rules of international trade
D
Trade principle requiring imported products to be treated no less favourably than like domestic products after entry
Correct Answer: B. Tax imposed on imported or exported goods
Question: Which statement best explains Tariff?
A. Process through which countries coordinate or combine economic policies and markets
B. Tax imposed on imported or exported goods
C. Multilateral body dealing with rules of international trade
D. Trade principle requiring imported products to be treated no less favourably than like domestic products after entry
Correct Answer: B. Tax imposed on imported or exported goods
Explanation: Tariff: Tax imposed on imported or exported goods
QID #25743
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which of the following is best described as: Tax imposed on imported or exported goods
A
Tariff
B
Foreign direct investment
C
Currency depreciation
D
International Monetary Fund
Correct Answer: A. Tariff
Question: Which of the following is best described as: Tax imposed on imported or exported goods
A. Tariff
B. Foreign direct investment
C. Currency depreciation
D. International Monetary Fund
Correct Answer: A. Tariff
Explanation: The correct answer is Tariff. Tax imposed on imported or exported goods
QID #25742
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which statement best explains Offshoring?
A
Tax imposed on imported or exported goods
B
Relocating business activities to another country
C
Investment involving lasting interest and significant influence in an enterprise abroad
D
Increasing cross-border integration of economies, societies, technology and information
Correct Answer: B. Relocating business activities to another country
Question: Which statement best explains Offshoring?
A. Tax imposed on imported or exported goods
B. Relocating business activities to another country
C. Investment involving lasting interest and significant influence in an enterprise abroad
D. Increasing cross-border integration of economies, societies, technology and information
Correct Answer: B. Relocating business activities to another country
Explanation: Offshoring: Relocating business activities to another country
QID #25741
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which of the following is best described as: Relocating business activities to another country
A
Free trade agreement
B
Globalization
C
World Trade Organization
D
Offshoring
Correct Answer: D. Offshoring
Question: Which of the following is best described as: Relocating business activities to another country
A. Free trade agreement
B. Globalization
C. World Trade Organization
D. Offshoring
Correct Answer: D. Offshoring
Explanation: The correct answer is Offshoring. Relocating business activities to another country
QID #25740
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which statement best explains Outsourcing?
A
Contracting a business process to an external provider
B
Investment involving lasting interest and significant influence in an enterprise abroad
C
Production process in which stages are located across multiple countries
D
Increasing cross-border integration of economies, societies, technology and information
Correct Answer: A. Contracting a business process to an external provider
Question: Which statement best explains Outsourcing?
A. Contracting a business process to an external provider
B. Investment involving lasting interest and significant influence in an enterprise abroad
C. Production process in which stages are located across multiple countries
D. Increasing cross-border integration of economies, societies, technology and information
Correct Answer: A. Contracting a business process to an external provider
Explanation: Outsourcing: Contracting a business process to an external provider
QID #25739
UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium
Which of the following is best described as: Contracting a business process to an external provider
A
Regional economic integration
B
Outsourcing
C
International Monetary Fund
D
Global value chain
Correct Answer: B. Outsourcing
Question: Which of the following is best described as: Contracting a business process to an external provider
A. Regional economic integration
B. Outsourcing
C. International Monetary Fund
D. Global value chain
Correct Answer: B. Outsourcing
Explanation: The correct answer is Outsourcing. Contracting a business process to an external provider
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