Skip to main content

Economics Chapter – 4 Globalization and the Indian Economy Extra Practice Questions

Economics Chapter – 4 Globalization and the Indian Economy
Extra Practice Questions
 Multiple choice questions:-
 1. MNC stands for:-
 (i) Multinational Corporation (ii) Multi nation Corporation (iii) Multinational Cities (iv)           Multinational Council
2. Investment made by MNCs is called:-
(i) Investment (ii) Foreign Trade (iii) Foreign Investment (iv) Disinvestment
3. Process of integration of different countries is called:-
(i) Liberalisation (ii) Privatisation (iii) Globalisation (iv) None of the above
4. MNCs do not increase Learn Digital from Google –
. (i) Competition (ii) Price war (iii) Quality (iv) None of the above
5. This helps to create an opportunity for the producers to reach beyond the domestic market
 (i) Foreign trade (ii) Domestic trade (iii) Internal trade (iv)Trade barrier
 6. Foreign Trade:-
(i) Increases choice of goods (ii) Decreases prices of goods (iii) Increases competition in the market (iv) Decreases earnings
7. Globalisation was stimulated by:-
 (i) Money (ii) Transportation (iii) Population (iv) Computers
8. Production of services across countries has been facilitated by :-
(i) Money (ii) Machine (iii) Labour (iv) Information and communication technology
9. Tax on imports is an example of :-
(i) Investment (ii) Disinvestment (iii) Trade barrier (iv) Privatisation
10. Liberalisation does not include
(i) Removing trade barriers (ii) Liberal policies (iii) Introducing quota system (iv) Disinvestment
2. SHORT TYPE QUESTION ANSWERS
Q.1 Write four functions of WTO.
Q.2 What is the impact of WTO on Indian economy?
Q.3 What is trade barrier? How governments can use trade barriers?
 Q.4What is privatization and liberalization?
Q.5How MNCs can spread their production?
Q.6 Mention three factors responsible for globalization.
3. LONG TYPE QUESTION ANSWERS:-
Q.1What do you mean by Globalization? What are the effects of globalization in India?
 Q.2 What is WTO? What are the aims of WTO? What are the drawbacks of WTO?
Q.3 What are MNCs? How the MNCs functions? What are the main guiding factors of MNCs?

Q.4 What are the ways through which MNCs spread their production and interact with local producers? 

Comments

Post a Comment

Popular posts from this blog

maps for half yearly exam (geography)

Chapter 1 : Resources and Development Identification only           :         Major soil Types. Chapter 3 : Water Resources-Locating and Labelling – Dams: Salal Bhakra Nangal Tehri Rana Pratap Sagar Sardar Sarovar Hirakud Nagarjuna Sagar Tungabhadra (Along with rivers) Chapter 4 :  Agriculture-Identifi cation only (a) Major areas of rice and wheat. (b)    Largest / Major producer states of sugarcane; tea; coffee; rubber; cotton and jute.  ( Location and labelling) Chapter 5: Mineral and Energy Resources. Minerals: (Identification only) (i) Iron ore mines : Mayurbhanj, Durg, Bailadila, Bellary, Kudremukh (ii) Mica mines: Ajmer, Beawar, Nellore, Gaya, Hazaribagh. (iii) Coal mines : Raniganj, Jhajria, Bokaro, Talcher, Korba, Singrauli, Neyvali (iv) Oil Fields : Digboi, Naharkatia, Mumbai High, Bassien,...
2 comments
Read more

Assignment : Geography Chapter-1 Resources and development

                                Chapter-1 (Geography)                          Resources and Development     Attempt the following questions:-   Q1: What is a resource? Q2:   What is resource planning? Q3: “There is enough for everybody’s need and not for any body’s greed.”Comment. Q4: Describe briefly three stages of resource planning? Q5: What is the difference between Net Sown Area and Gross Cropped Area? Q6: Write briefly the objectives of Rio de Janeiro Earth Summit. Q7: Which soil has the special property of "holding moisture"? Q8: In which year the National Forest Policy was formed? Q9: Differentiate between Potential and Developed resources. Q10: Differentiate between Stock and Reserve resources. Q11: What ar...
5 comments
Read more

CH: 07 PRINT CULTURE AND THE MODERN WORLD EXTRA QUESTIONS

Q.1Where was the earliest kind of print technology developed?  The earliest kind of print technology was developed in China, Japan and Korea. — Q2. Briefly describe the earliest kind of print technology that developed in the world. The earliest kind of print technology was based on manual labourie hand printin  From AD 594 onwards, books in China were printed by rubbing paper – also invented — there – against the inked surface of woodblocks.  As both sides of the thin, porous sheet could not be printed, the traditional Chinese — ‘accordion book’ was folded and stitched at the side.  Superbly skilled craftsmen could duplicate, with remarkable accuracy, the beauty of — calligraphy. Q4. What is Calligraphy? The art of beautiful and stylized writing is known as Calligraphy Q5. Which  country was the major producer of printed material? Why?  The imperial state in China was, for a very long time, the major producer of printed — material....
1 comment
Read more