CBSE-Class-10-Social-Science-Assignment-Economics-Chapter-4-Globalisation-and-the-Indian-Economy

Class 10^th Social Science- Globalisation and the Indian Economy

GLOBALISATION AND THE INDIAN ECONOMY

MULTIPLE CHOICE QUESTIONS

1. Which sector is not benefited by the policy of globalization?

(a) agricultural sector

(b) manufacturing sector

2. Cheaper imports, inadequate investment in infrastructure lead to

(a) slowdown in agricultural sector

b) replace the demand for domestic

(d) all the above

3. Fair globalization refers to ensuring benefits to:

(a) labor (b) producers

4. Globalization results in

(a) lesser competition among producers

(b) greater competition among producers

(d) none of the above

5. When was WTO established?

(a) 1985 (b) 1995

6. Globalization leads to rapid movements of the following between countries

(a) goods and services (b) investments

7. Which has played a big role in spreading globalization?

(a) Information technology (IT)

(b) Transport technology

8. Globalization has led to improvement in

(a) choice to consumers

(b) quality of goods and services

(d) all the above

9. Which of the following factors has not facilitated globalization?

(a) technology (b) liberalization of trade

10. One of the major forces of globalization in India has been in the growth of

(a) outsourcing by MNCs

(b) transportation services

(d) none of the above

11. Globalization so far has been more in favor of

(a) developed countries

(b) developing countries

(d) none of the above

12. Multinational corporations have succeeded in entering global markets through

(a) WTO (b) UNO

13. Upto 2006 the number of member countries of WTO was:

(a) 139 (b) 149

14. FDI (Foreign Direct Investment) attracted by globalization in India belongs to the

(a) World Bank (b) multinationals

(d) none of the above

15. When economic activities in a country are

influenced by economic activities in other

countries it is called

(a) foreign trade (b) competition

16. A company that operates in more than one

country is called a

(a) partnership (b) corporation

17. Investment means spending on

(a) factory building (b) machines

18. Which of the following contributes to globalization?

(a) Internal trade (b) External trade

19. Integration of markets means

(a) operating beyond the domestic markets

(b) wider choice of goods

20. Liberalization refers to

(a) freeing the economy from direct control

(b) putting an end to various restrictions

(d) all the above

21. Name the organization whose aim is to liberalize international trade.

(a) ILO (International Labour Organisation)

(b) WHO (World Health Organisation)

(d) NSSO (National Sample Survey Organisation)

22. What attracts an MNC?

(a) Cheap labour

(b) Ready demand for the product

23. What is the impact of LPG policy of the government?

(a) Stiff competition among producers

(b) Increase in inequalities

(d) All the above

24. Globalisation results in

(a) inflow of labour from abroad

(b) inflow of capital from abroad

(d) all the above

25. Globalisation leads to

(a) more competition (b) less competition

26. Special Economic Zones (SEZ) developed by the Government of India aimed

(a) to attract foreign companies to invest in India

(b) to encourage small investors

(d) none of the above

27. Benefits enjoyed by companies who set up production units in the SEZs are:

(a) they do not have to pay taxes for some years

(b) reduction in excise duty

(d) none of the above

28. Globalisation is called fair globalisation when it benefits

(a) labour (b) investors

QUESTIONS FROM CBSE EXAMINATION PAPERS

1. Which one among the following is a far reaching change in the policy made in India in 1991?

(a) Removing barriers or restrictions set by the government which is known as liberalisation.

(b) Put barriers to foreign trade and foreign investments.

(d) By giving protection to domestic producers through a variety of means.

2. Which one of the following is not true regarding impact of globalisation of India?

(a) It has created jobs in the service sector.

(b) People with education, skill and wealth have not been benefited.

(d) Labour laws are not implemented properly and workers are denied their rights.

3. Which one of the following is not true regarding the World Trade Organisation?

(a) It allows free trade to all countries without any trade barriers.

(b) Its aim is to liberalise international trade.

(d) WTO rules have forced the developing countries to remove trade barriers.

4. Which one of the following is a major benefit of joint production between a local company and a Multi-National Company?

(a) MNC can bring latest technology in the production

(b) MNC can control the increase in the price

(d) MNC can sell the products under their brand name

5. Which one of the following is NOT under the domain of a consumer protection council?

(a) They guide consumers on how to file cases

(b) They represent individual consumers in the consumer courts.

(d) They can impose fine on producers

6. Globlisation shall result in:

(a) lesser competition among producers

(b) greater competition among producers

(d) destruction of large scale producers

7. By 2006, how many countries were the members of the World Trade Organization?

(a) 139 (b) 149

8. Rapid integration or inter connection between countries is known as:

(a) Privatisation (b) Globalisation

9. The most common route for investments by MNCs in countries around the world is to:

(a) set up new factories

(b) buy existing local companies

(d) None of these

10. Taxes on imports is an example of:

(a) terms of trade (b) collateral

11. What is foreign investment?

(a) Investment made by foreign governments.

(b) Investment made by foreign companies.

(d) Investment made by the IMF and the World Bank.

12. Entry of MNCs in a domestic market may prove harmful for:

(a) all large scale producers.

(b) all domestic producers.

(d) all small scale producers.

13. Which of the following organisations lays stress on liberalisation of foreign trade and foreign investment?

(a) International Labour Organisation

(b) World Health Organisation

(d) World Trade Organisation

14. Which one of the following is an example of a trade barrier?

(a) Tax on export (b) Tax on imports

15. Globalisation has posed major challanges for:

(a) Big producers (b) Small producers

16. Investment by MNCs is called:

(a) Mutual Investment

(b) Inter-government Investment

(d) Foreign Investment

17. Removing barriers or restrictions set by the government is known as:

(a) privatisation (b) globalisation

18. What is the most common route for investments by MNCs in countries around the world?

(a) Set up new factories

(b) Buy existing local companies

19. Which one of the following categories refers to investment?

(a) The money that is spent to buy assets such as land, building, machines, etc.

(b) The money that is spent on religious ceremonies.

(d) The money that is spent on household goods.

20. Which one of the following is not a Multinations Company?

(a) Tata Motors

(b) Infosys IT

(d) Tata Iron and Steel Company

21. Which one of the following has benefited least because of globalisation in India?

(a) Agriculture Sector (b) Industrial Sector

22. Why do MNCs set up offices and factories in more than one nation?

(a) The cost of production is high and the MNCs can earn profit.

(b) The cost of production is low and the MNCs undergoes a loss.

(d) The MNCs want to make their presence felt globally.

SHORT ANSWER TYPE QUESTIONS

1. Why was the need for economic reforms (Globalisation, Liberalisation and Privatisation) felt?

2. Explain the term ‘Globalisation’. What was the role of MNCs in globalisation process?

3. What do you mean by the term ‘Liberalisation’? Explain various steps taken for liberalisation.

4. How did the New Economic Policy affect Indian economy? Explain its positive and negative effects.

5. Explain the term ‘trade barrier’. Give example. Why were these trade barriers imposed after independence?

6. What was the need for removing barrier or restrictions to foreign trade and investment? Explain.

7. What were the main objectives of setting up the World Trade Organisation (WTO)?

8. How did competition benefit people in India?

9. Why do governments try to attract foreign investment?

QUESTIONS FROM CBSE EXAMINATION PAPERS

1. Explain any three ways in which MNCs set up or control production in other countries.

2. How does foreign trade lead to integration of markets across the countries? Give any three examples.

3. Enumerate any three features of Multi National Corporations.

4. Why did India put barriers on foreign trade and investment after independence? Why was the policy changed in 1991? Mention any two reasons.

5. In what three ways has foreign trade led to integration of markets across countries?

6. What are the various ways in which the Multinational Corporations control production in other countries?

7. What is globalization? How can government ensure fair globalization to its people? Give two points.

8. Should more Indian companies emerge as MNCs? How would it benefit the people in the country?

9. Which institution supervises the functioning of formal sources of credit in India? How it supervise them? State any two points.

10. Explain the term ‘debt-trap’. Why is it more rampant in rural areas? Give two reasons.

11. Analyse any three impacts of globalization in India.

12. Suggest any three measures to make globalisation just and fair?

13. How has liberalisation of trade and investment policies helped the globalisation process? Explain.

14. What were the reasons for putting barriers to foreign trade and foreign investment by the Indian government? Why have these barriers been removed now?

15. What is an MNC? How do MNC’s organize production?

16. Describe any three factors which have enabled globalisation in India.

17. What was the reasons for putting barriers to foreign trade and foreign investment by the Indian government after independence? Why did it wish to remove these barriers later on?

18. Describe any three ways in which Multi-National Corporations (CMNCs) have spread their production and interaction with local producers in other countries.

19. ‘‘The impact of globalization has not been uniform’’ Explain this statement.

20. What is the meaning of liberlization of foreign trade? What does it mean in the Indian context?

21. Define liberalisation. Mention two features of Liberalisation.

22. Mention any three ways which the multinational corporations use to spread their production.

23. What is meant by trade barrier? Why do governments use it? Explain.

24. Describe the impact of globalization on Lives of Consumers.

25. Mention any three steps which have been taken by the Government of India to attract foreign investment in recent years?

26. ‘‘In spite of numerous advantages, there are many problems that globalisation still faces’’. Support the statement with three problems.

27. What is WTO? What is its main aim? Mention any one of its limitation.

28. Describe any three ways in which flexibility in the labour laws help companies.

LONG ANSWER TYPE QUESTIONS

1. Globalisation has also created new opportunities for companies providing services, particularly those involving IT. Explain how?

2. What do you mean by ‘Sustainable Economic Development? What was the need for ‘Sustainable economic development?

3. How has WTO affected Indian economy? What were its favourable and unfavourable impacts?

4. Mention consequences of economic reforms for Indian Economy.

5. Explain the factors which enabled ‘Globalisation’ process in India.

6. How would you distinguish between ‘foreign trade’ and ‘foreign investment’? Explain the role of MNCs in foreign trade and foreign investments.

7. Explain any four ways by which MNCs exercise control on production.

Globalisation and the Indian Economy

Class 10th Social Science- Globalisation and the Indian Economy

Class 10^th Social Science- Globalisation and the Indian Economy