Class X Social Science - Economics Chapter - Globalisation and The Indian Economy
Class X Social Science - Economics Chapter - Globalisation and The Indian Economy
Class X Social Science - Economics Chapter - Globalisation and The Indian Economy
SECTION-A
Objective Type Questions 1X5=5
4. Assertion/Reason
Assertion (A): Tariff placed on foreign products creates trade barriers.
Reason (R): WTO was formed to promote liberalization of trade without tariff barriers.
Codes:
A. Both A and R are true and R is the correct explanation of A.
B. Both A and R are true but R is not the correct explanation of A.
C. A is true but R is false.
D. A is false but R is true.
SECTION-C
Short Type Questions 3X3=9
10. What do you understand about liberalisation of foreign trade, and why do we need it?
11. India holds a significant position as the President of G20. Examine the above statement and elucidate.
SECTION-D
Long Type Questions 5 X 2 = 10
12. 'Spreading out the production of services has been significantly aided by information and communication
technology across nations' Examine the above statement and elucidate.
13. Define globalisation. Describe any four benefits of globalisation to the Indian economy.