SS1 CONTEMPORARY WORLD

FINAL EXAM

Name:________________________________ SY/Sem:________Course:_______________

DIRECTION: Circle the letter of the correct answer.

1. It is a term used to describe the changes in societies and world economy that result of cultural exchange.
a. Liberalization b. Internationalization c. Globalization d. Culturalization
2. The Philippines has its part in the process of globalization when it signed its agreement with World Trade
Organization in ______.
a. 1994 b. 1995 c. 1996 d. 1997
3. Which of the following is the driver of globalization?
a. Trade barriers and controls on inflows of foreign direct investment
b. Weak competition
c. Technological advance
d. Economies of scale are being exploited to the maximum
4. Globalization represents an increasing integration of all the following except:
a. Economics b. Communication c. Culture d. Morals

5. It is a key thing to have in Globalization.

a. Power b. Food c. Transportation d. Sponsorship

6. United Nations is currently made up of how many member states?

a. 192 b. 193 c. 194 d. 195
7. OPEC consists of the following country except:
a. Iran and Iraq b. Kuwait c. Saudi Arabia d. Yugoslavia
8. What is the most serious challenge faced by regionalism?
a. Differing visions of regionalism
b. Disagreement among members
c. Resurgence of militant nationalism and populism
d. Financial crisis
9. Which of the following is not included in the areas encompassed by regionalism?
a. Ethics c. Health
b. Identities d. Sustainable development
10. It is characterized by increasing integration of economics around the world.
a. Economic Globalization
b. Cultural Globalization
c. Political Globalization
d. Technical Globalization
11. What is a good effect of environmental globalization?
a. Deforestation c. Environmental Management
b. Loss of natural resources d. Uncontaminated Water
12. A city most preferred by Filipino nurses is …
a. London b. San Francisco c. Ottawa d. Australia
13. It was founded in 1995 to continue the tariff education.
a. WTO b. GATT c. IMF d. WB

14. Culture imperialism means

a. American values and culture would overwhelm all others
 b. American culture dominates others
c. American creates empire
d. American will form an alliance together with neighboring countries
15. Inaugurated in 1994 to prevent catastrophes of the early decades.
a. Bretton Woods
b. NEOLIBERALISM
c. Washington Consensus
d. UNEP MGCY
16. Economic crisis compels countries together. An example of this is,
a. When Thailand’s economy collapsed, ASEAN countries agreed to establish an emergency fund to
anticipate the crisis
b. When foreign currency speculators demanded the Asian government payback its loan
c. IMF reversed the crisis
d. When Vietnam invaded Cambodia
17. Religion and Globalism is two contrasting beliefs. Which of the following does not support the statement?
a. Religion follows divine commandment, Globalism abides human made laws
b. Human actions are in moral terms in religion and Globalism follows its subsequent wisdom
c. Religious evangelization is a form of Globalization
d. Religion and Globalism are interconnected
18. The sociologist popularized the term Global City.
a. Saskia Sassen
b. Herbert Schiller
c. Peter Berger
d. Max Weber
19. It is created in 1961 to pursue world peace and international cooperation. (Egypt, China, India, Indonesia,
Yugoslavia)
a. NAM c. GATT
b. NATO d. IMF
20. Considered as one of the most crucial advantages of globalization that had led the generation of numerous
job offers.
a. Education c. Communication
b. Employment d. Transportation
21. It is a policy in which a country does not levy taxes, duties, subsidies or quota on the import and export of
goods or services from other countries.
a. Peace Relations c. Product Quality
b. Cheaper Prices d. Free Trade
22. Globalization could not exist without:
a. Increase Trade c. Global Transportation
b. A common religion d. A common currency
23. A treaty signed in 1648 to end 30 years war of major continent powers of Europe.
a. WESTPHALIA
b. PARIS
c. VERSAILLES
d. UNDP
24. All of the following are examples of the benefits of globalization except:
a. A rapid economic transformation made the world more interdependent
b. There is now a global culture with urbanization and resemblance
c. Globalization is the latest of Western Imperialism
d. The world is becoming more homogenous, a cosmopolitan culture is developing in which people
think globally.
25. Which of the following company is a transnational company?
a. Whole Foods c. Aflac
 b. Uniliver d. Microsoft

TEST II- INSTRUCTION: Read the statements carefully and use the BLANK for your answer. Write F if the
statement is True and T if False.
______26. Regionalism refers to the political process characterized by economic policy.
______27. The challenge for new regionalists is that they differ from traditional state regionalism when it
comes to identifying problems.
______28. The power of classification secures the development need to be well defined.
______29. One of the disadvantages of globalization is it has given rise to more health risk and present new
threats and challenges for epidemics.
______30. World Bank is part of the regional organization.
______31. International organization can be sources of both great good and great harm.
______32. Communication slows down transportation of goods
______33. A financial crisis in one country could spread to other countries and create crisis there.
______34. The United Nations’ main goal is to maintain world peace and security
______ 35. The General Assembly of United Nation is also called as parliament of nation.

TEST III- INSTRUCTION: Write 5 different definitions about Globalization from different
authors/philosophers/study or dictionaries. Make sure to present at least 2 evidence or supporting details for
your answer. (3 points each item)

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TEST IV- INSTRUCTION: For the essay, write a minimum of 5 sentences in each paragraph. Below is the
criteria on how are you graded. (10 POINTS EACH)

1. What changes, both positive and negative do economic globalization bring to people’s way of life?

2. Do you agree with the idea that the contemporary world is characterized by high liquidity? Why or Why
not?

CRITERIA:

Content - 5

Grammar - 3

Technicalities – 2

Total 10 Points