MOCK QUESTIONS TO PRACTICE

Note: There can be more than 1 correct options here

1. As of January 2022, Vietnam officially joined ______ FTAs including CPTPP stands for
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership, EVFTA
stands for The EU–Vietnam Free Trade Agreement (Vietnam, EU ______ members) and
RCEP stands for The Regional Comprehensive Economic Partnership, in addition,
Vietnam is negotiating 2 FTAs.
a. 5, 12 b. 10, 28 c. 15 – 27 d. 20 – 26
2. Which one of the countries is not a member of Asia Pacific Economic Cooperation
(APEC).
a. USA b. Canada c. China d. India e. Vietnam
3. Whose definition of globalization mentioned the “human consciousness of
growing connection”?
a. Manfred Steger
b. Anthony Gidden
c. James Mittelman
d. Fredric Jameson

4. Which statement(s) is/are true regarding The Paris Agreement?

a. It was adopted by 190 Parties at COP 21 in Paris, on 12 December 2015
b. It is a legally binding international treaty on climate change
c. It reaffirms that developed countries should take the lead in providing financial
assistance to countries that are less endowed and more vulnerable
d. Its goal is to limit global warming to well below 3, preferably to 2.5 degrees Celsius,
compared to pre-industrial levels
5. A country in which every resident has the same income would have an income
Gini coefficient equal to _______
a. 0
b. 1
c. 0.5
d. 2
6. In the migration context, “the under-employment or unemployment of migrant
workers who are unable to find jobs matching their skill level” is referred to
_______
a. Brain gain
b. Brain circulation
c. Brain drain
 d. Brain waste
7. Which of the following is NOT a sustainable development goal targeted to be
achieved by 2030?
a. Gender equality
b. Zero Hunger
c. Good Health and Wellbeing
d. Reduce child mortality
8. MNCs set up offices and factories for production in regions where they can get
_________?
a. cheap labour
b. good market for profits
c. cheap material
d. All of the above
9. __________ led to a creation of networks that could collaborate and share
information for increased efficiency
a. Supply chaining
b. Offshoring
c. Workflow software
d. The Steroids
10. Which of the following may constitute the International Monetary Fund’s
conditionality for borrowing?
I: government reducing budget deficits.
II: limiting credit creation and liberalizing trade.
III: achieving market clearing prices.
IV: restraining public-sector employment and wage rates.
a. I and II only.
b. III and IV only.
c. I, II, III and IV.
d. None of the above.

11. Native Americans replacing or modifying certain societal or cultural elements such
as dress, language, or religion upon contact with Europeans is an example of
‘Acculturation’
a. True
b. False
12. Which statement(s) is/are true about globalization?
a. Globalization is simply Westernization
b. Globalization is a multidimensional phenomenon
c. Globalization only began after the collapse of Berlin wall
d. Economic integration is the sole driver of globalization

13. Suppose the US government puts a tax on the import of toys from China, what
would happen?
 a. Chinese toys might get cheaper, more purchase by consumers
b. No effect on the importer as well as customer
c. Chinese toys might get more expensive
d. US toy producers might benefit
14. What would happen if a country’s currency depreciated?
a. encourage exports and discourage imports
b. encourage import and discourage exports
c.  create a trade deficit in the local market.
d. None of the above
15. States are geopolitical entities with the following characteristics:
a. A fixed territory with boundaries
b. A population
c. Shared culture between citizens
d. A government
e. The capacity to enter into relations with other states
f. Shared ethnic identity
16. How is Non-governmental Organizations (NGOs) different from states
a. NGOs engage in economic development, education, and capacity building at the local,
regional, national, or international levels
b. NGOs are representative of civil society and do not possess international legal
personality
c. NGOs provide emergency assistance at the local, regional, national, and international
level
d. NGOs associate with corporations
17. OPEC is the ___________?
a. Organization of Petroleum Exporting Country.
b. Organization of Pre-European Commission.
c. Oil Producing Economies Caucus.
d. Organization of Petroleum Economies Committee.
18. Which state(s) is/are NOT a member or observer of the United Nation?
a. Vatican City
b. Palestine
c. Taiwan
d. Northern Cyprus
19. Which statement(s) is/are false regarding international migration?
a. India has the highest number of emigrants
b. The number of displaced persons in 2020 increased compared to 2019
c. Germany has the highest number of immigrants
d. International remittances in 2020 declined compared to 2019
20. Sustainable development means maximizing
a. Economic growth
b. Income inequality
c. The productivity of produced assets
 d. None of the above
21. Which of the following is/are the disadvantage(s) of globalization?
a. It creates global opportunities
b. It paves the way for global market
c. The wealth distribution is unequal
d. It furthers the spread of diseases
22. What would happen to the market for petroleum, with the passage of a tax
proportional to carbon emissions?
a. Price would decrease and quantity demanded would fall
b. Price would decrease and quantity demanded would rise
c. Price would increase and quantity demanded would fall
d. Price would increase and quantity demanded would rise
23. Which of these organisations emphasises on the liberalisation of foreign investment
and foreign trade?
a. International Monetary Fund
b. World Health Organisation
c. World Trade Organisation
d. International Labour Organisation
24. Tax on imports is considered as an example of
a. Collateral
b. Trade barriers
c. Foreign trade
d. Terms of trade
25. Although “western cultural forms have a ubiquitous presence in the world,” it is also
argue that cultural flows from the West to the developing world often lead to
_____________ and _____________rather than to the homogenization of cultures.
a. cultural hybridity; heterogenization
b. cultural nationalism; diffusion
c. cultural imperialism; hegemony
d. monoculture; acculturation
26. Which FTA include ASEAN, China, Korea, Japan, Australia and New Zealand?
a. AANZFTA
b. EVFTA
c. RCEP
d. EFTA
27. What does CPTPP stand for?
a. The Creative and Progressive Agreement for Trans-Pacific Partnership
b. The Comprehensive and Proactive Agreement for Trans-Pacific Pact
c. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership
d. The Comprehensive and Proactive Approach for Trans-Pacific Pact
28. In which scenario the host has more bargaining power over multinational
corporations (MNCs)?
a. The host possesses inadequate expertise
 b. Economic uncertainty
c. Projects that require high fixed investment
d. Competition among MNCs for investment opportunities
29. In which year did Vietnam join WTO?
a. 2007
b. 2008
c. 2009
d. 2010
30. Which is the main reason globalization being beneficial for firms?
a. It protect them from the effects of events in other countries
b. It opens up new market opportunities
c. It increases the risk and uncertainty of operating in globalizing world economy
d. It protects them against foreign competition

31. __________ in reference to international trade means the export by country or

company of product at a price that is lower in the foreign market than the price
charged in the domestic market.
a. Dumping
b. Shelving
c. Propagating
d. Sounding
32. Which is/are the instrument(s) that government can use to protect their domestic
products from dumping?
a. Lower tariff
b. Increasing tariff
c. Quotas
d. None of the above
e. What was the purpose of the Conference at Bretton Woods?
f. Select one:
g. a. To work towards the stabilization of global economic markets
h. b. To plan for the development of human rights NGOs
i. c. To establish a political strategy for international tourism
j. d. To develop and establish the charter of the United Nations
k. What was the purpose of the Conference at Bretton Woods?
l. Select one:
m. a. To work towards the stabilization of global economic markets
n. b. To plan for the development of human rights NGOs
o. c. To establish a political strategy for international tourism
p. d. To develop and establish the charter of the United Nations
q. What was the purpose of the Conference at Bretton Woods?
33. What was the purpose of the Conference at Bretton Woods in 1944?
a. To work towards the stabilization of global economic markets
b. To plan for the development of human rights NGOs
c. To establish a political strategy for international tourism
 d. To develop and establish the charter of the United Nations
34. Long term investment loan to various countries are given by:
a. World Bank
b. World Trade Organization
c. International monetary fund
d. None of the above
35. Which of the following organization was replaced by World Trade Organization in
1995?
a. International Monetary Fund
b. World Bank
c. OPEC
d. General Agreement on Trade and Tariff
36. Which region witness an increase in the number of poor living at 1.90$ per day
(2011 PPP) from 1990 to 2018?
a. East Asia and Pacific
b. Latin America and the Caribbean
c. South Asia
d. Sub-Saharan Africa

37. Triple convergence is less about command and control, and more about ______

a. connecting and collaborating horizontalization

b. inventing new machine
c. creating a playing field for developed countries
d. protecting technology invented by a certain country
38. What does it mean when a company offshores its jobs?
a. The act of a company hiring employees from a party outside to perform services or
create goods that were traditionally performed in-house
b. The act of a company relocating its jobs to a location outside of the business’s official
territory
c. Both A&B
d. None of the above
39. According to Thomas Friedman, which flattener enabled faster, closer
collaboration, regardless of location?
a. The collapse of Berlin wall
b. Informing
c. Open sourcing
d. Workflow software
40. According to the United Nations, the world’s major environmental problems
include:
a. Deforestation
b. Ozone depletion
c. The quality of fresh water
 d. All of the above
41. According to whom: the more different civilizations interact with one another, the
more they will clash?
a. Robert Rolandson
b. Samuel Huntington
c. Manfred Steger
d. Anthony Gidden
42. Which can be the effect of migration on sending society?
a. Remittances can contribute to household living standard and the economy
b. Brain gain
c. Reduce any labour shortages
d. Increasing cost of services
43. Which are the drivers of globalization?
1. Technology 2. Reduction of subsidies 3. Fragmentation of taste of consumers in
different countries 4. Economies of scale 5. Barrier to trade
a. 1, 2, 4
b. 2, 3, 4
c. 1, 4, 5
d. None of the above
44. An Australian called the support center for a technological issue and the call was
handled by a worker in India is an example of?
a. Insourcing
b. Offshoring
c. Workflow software
d. Outsourcing
45. Who are the critics of WTO?
a. Labor unions and environmental groups
b. Developed countries
c. Developing countries, labor unions and environmental groups
d. All of the above

46. Which statement describe diffusion by intermediate contact?

a. a cultural trait spread from the originating society to another group and is given a new
meaning
b. elements of a culture are first taken up by neighboring societies and then gradually
spread farther and farther afield
c. knowledge of a trait belonging to another culture stimulates the invention or
development of a local equivalent
d. None of the above
47. Which function is performed by the UN General Assembly?
a. Recommend and appoint the Secretary-General
b. Recommend the Secretary-General and control of the UN budget
 c. Elect non-permanent members to the UN Security Council (UNSC) and appoint the
Secretary-General
d. Approve a country’s application to the UN and appoint judges for the International
Court of Justice (ICJ)
48. Which statement is false?
a. A 10% increase in tariff will raise the import price by 10%
b. A 10% increase in tariff will likely to worse off consumers
c. A 10% increase in tariff will likely to worse off importing company
d. A 10% increase in tariff will be beneficial to the exporter
49. Which countries are the founding member of The European Coal and Steel
Community?
a. Belgium, Italy, the Netherlands, East Germany
b. France, West Germany, Italy, Luxembourg
c. Luxembourg, West Germany, Belgium, Sweden
d. Switzerland, Belgium, Italy, East Germany
50. Which statement is false?
a. NGOs have been instigators of and lobbied for the UN
b. NGOs provide crucial services either in cooperation with the states or in place of the
state
c. NGOs possess issues-specific expertise and moral authority through which they can
engage in information and symbolic politics
d. NGOs have a mechanism that can always ensure its accountability and democratic
structure.

Short-essay
Students are required to provide valid justification for the argument and example when
necessary.
1. What is “race to the bottom”? What are possible positive and negative effects of the “race
to the bottom”?
2. What does Thomas Friedman mean when he claims “The world is flat”? What can be
opportunities and challenges in a “flat world”?
3. What does Richard Florida mean when he claims “The world is spiky”? Explain and take
example
4. Why is globalisation contentious?
5. In which way can globalisation have impact on culture?
6. What are impacts of migration on sending/receiving society, and through which
mechanism?
7. What are push/pull factors of migration?
8. What is the difference between FDI and ODA? What are their effects on developing
countries?
9. What is the role of ICT in globalisation process?
10. What are drivers of globalisation? Provide example.