Class X Social Science - Economics Chapter - Globalisation and The Indian Economy

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CLASS X

SOCIAL SCIENCE - ECONOMICS


CHAPTER - GLOBALISATION AND THE INDIAN ECONOMY

SECTION-A
Objective Type Questions 1X5=5

1. Any investment made by MNCs is called ..................... .

2. All in the blank.


Cheaper imports, inadequate investment in domestic infrastructure might lead to _________ .
A. boom in agricultural sector
B. slowdown in demands of domestic goods in the country
C. slowdown in industrial sector
D. boom in services

3. Which of the following is an effect of globalization?


A. High tariff barriers on imports.
B. Equal tax concessions for national and international manufacturers by all countries.
C. Availability of large number of alternatives for any product both in terms of price and quality.
D. All of the above

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.

5. Seema's teacher asked her a question, to which she answered, 'Internet'.


What could have been the teacher's question?
A. Name an important factor that has enabled globalisation.
B. Name a factor that has discouraged setting up of MNC's.
C. Name a factor that has enabled import of goods.
D. Name a factor that has enabled export of goods.
SECTION-B
Define Type Questions 2X3=6

Write a short note on:


6. Trade Barrier
7. MNC
8. Foreign Trade

SECTION-C
Short Type Questions 3X3=9

9. Explain with an example how technology have enabled globalisation process?

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.

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