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Test: Globalization- Case Based Type Questions - Humanities/Arts MCQ


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16 Questions MCQ Test Political Science Class 12 - Test: Globalization- Case Based Type Questions

Test: Globalization- Case Based Type Questions for Humanities/Arts 2024 is part of Political Science Class 12 preparation. The Test: Globalization- Case Based Type Questions questions and answers have been prepared according to the Humanities/Arts exam syllabus.The Test: Globalization- Case Based Type Questions MCQs are made for Humanities/Arts 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Globalization- Case Based Type Questions below.
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Test: Globalization- Case Based Type Questions - Question 1

Study the cartoon carefully and give the answers to the question that follows:

Q. Who identified the four basic aspects of globalization?

Detailed Solution for Test: Globalization- Case Based Type Questions - Question 1
In 2000, the International Monetary Fund (IMF) identified four basic aspects of globalization: trade and transactions, capital and investment movements, migration and movement of people, and the dissemination of knowledge.
Test: Globalization- Case Based Type Questions - Question 2

Study the cartoon carefully and give the answers to the question that follows:

Q. Why is Africa featured in the above picture?

Detailed Solution for Test: Globalization- Case Based Type Questions - Question 2
Africa is featured in the picture given above because it is affected with poverty the most as compared to the other countries of the world and the diseases mentioned in the picture have their epicenter in Africa.
Test: Globalization- Case Based Type Questions - Question 3

Study the cartoon carefully and give the answers to the question that follows:

Q. What is depicted in the picture?

Detailed Solution for Test: Globalization- Case Based Type Questions - Question 3
Globalization, the flow of information, goods, capital, and people across political and geographic boundaries, allows infectious diseases to rapidly spread.
Test: Globalization- Case Based Type Questions - Question 4

Study the cartoon carefully and give the answers to the question that follows:

Q. How did globalization help in the medical field?

Detailed Solution for Test: Globalization- Case Based Type Questions - Question 4
Although, globalization increases the risk of spreading diseases, it also helps in finding effective and speedy cure for the diseases with the collaboration of the medical facilities and knowledge of many countries. The best example can be the invention of Covid-19 vaccine.
Test: Globalization- Case Based Type Questions - Question 5

Read the passage given below and answer the questions that follows:

At the most simple level, globalisation results in an erosion of state capacity, that is, the ability of government to do what they do. All over the world, the old ‘welfare state’ is now giving way to a more minimalist state that performs certain core functions such as the maintenance of law and order and the security of its citizens. However, it withdraws from many of its earlier welfare functions directed at economic and social wellbeing. In place of the welfare state, it is the market that becomes the prime determinant of economic and social priorities. The entry and the increased role of multinational companies all over the world leads to a reduction in the capacity of governments to take decisions on their own. What is important is for people in different parts of the world to recognise these interconnections with the rest of the world. Currently, we are aware of the fact that events taking place in one part of the world could have an impact on another part of the world. The Bird flu or tsunami is not confined to any particular nation. It does not respect national boundaries. Similarly, when major economic events take place, their impact is felt outside their immediate local, national or regional environment at the global level.

Q. What is given way recently by the old “Welfare state”?

Detailed Solution for Test: Globalization- Case Based Type Questions - Question 5
More minimalist state; A state with the least possible amount of powers. It is a term used in political philosophy where the duties of the state are so minimal that they cannot be reduced much further.
Test: Globalization- Case Based Type Questions - Question 6

Read the passage given below and answer the questions that follows:

At the most simple level, globalisation results in an erosion of state capacity, that is, the ability of government to do what they do. All over the world, the old ‘welfare state’ is now giving way to a more minimalist state that performs certain core functions such as the maintenance of law and order and the security of its citizens. However, it withdraws from many of its earlier welfare functions directed at economic and social wellbeing. In place of the welfare state, it is the market that becomes the prime determinant of economic and social priorities. The entry and the increased role of multinational companies all over the world leads to a reduction in the capacity of governments to take decisions on their own. What is important is for people in different parts of the world to recognise these interconnections with the rest of the world. Currently, we are aware of the fact that events taking place in one part of the world could have an impact on another part of the world. The Bird flu or tsunami is not confined to any particular nation. It does not respect national boundaries. Similarly, when major economic events take place, their impact is felt outside their immediate local, national or regional environment at the global level.

Q. The increase in the MNCs all over the world has resulted in ....................... .

Detailed Solution for Test: Globalization- Case Based Type Questions - Question 6
The entry and the increased role of multinational companies all over the world leads to a reduction in the capacity of governments to make decisions on their own. At the same time, globalisation does not always reduce state capacity.
Test: Globalization- Case Based Type Questions - Question 7

Read the passage given below and answer the questions that follows:

At the most simple level, globalisation results in an erosion of state capacity, that is, the ability of government to do what they do. All over the world, the old ‘welfare state’ is now giving way to a more minimalist state that performs certain core functions such as the maintenance of law and order and the security of its citizens. However, it withdraws from many of its earlier welfare functions directed at economic and social wellbeing. In place of the welfare state, it is the market that becomes the prime determinant of economic and social priorities. The entry and the increased role of multinational companies all over the world leads to a reduction in the capacity of governments to take decisions on their own. What is important is for people in different parts of the world to recognise these interconnections with the rest of the world. Currently, we are aware of the fact that events taking place in one part of the world could have an impact on another part of the world. The Bird flu or tsunami is not confined to any particular nation. It does not respect national boundaries. Similarly, when major economic events take place, their impact is felt outside their immediate local, national or regional environment at the global level.

Q. At the most simple level, globalisation results in an erosion of ......................... .

Detailed Solution for Test: Globalization- Case Based Type Questions - Question 7

Globalization has had a dual effect on the sovereignty of the nation-state. Yet, simultaneously, economic integration has limited the range of policy options available to states. This has diminished their capacity to meet these obligations.

Test: Globalization- Case Based Type Questions - Question 8

Read the passage given below and answer the questions that follows:

At the most simple level, globalisation results in an erosion of state capacity, that is, the ability of government to do what they do. All over the world, the old ‘welfare state’ is now giving way to a more minimalist state that performs certain core functions such as the maintenance of law and order and the security of its citizens. However, it withdraws from many of its earlier welfare functions directed at economic and social wellbeing. In place of the welfare state, it is the market that becomes the prime determinant of economic and social priorities. The entry and the increased role of multinational companies all over the world leads to a reduction in the capacity of governments to take decisions on their own. What is important is for people in different parts of the world to recognise these interconnections with the rest of the world. Currently, we are aware of the fact that events taking place in one part of the world could have an impact on another part of the world. The Bird flu or tsunami is not confined to any particular nation. It does not respect national boundaries. Similarly, when major economic events take place, their impact is felt outside their immediate local, national or regional environment at the global level.

Q. What do the new states withdraw as a result of globalisation?

Test: Globalization- Case Based Type Questions - Question 9

Read the passage given below and answer the questions that follows:

While everything may not be known about the economic facets of globalisation, this particular dimension shapes a large part of the content and direction of contemporary debates surrounding globalisation. A part of the problem has to do with defining economic globalisation itself. The mention of economic globalisation draws our attention immediately to the role of international institutions like the IMF and the WTO and the role they play in determining economic policies across the world. Yet, globalisation must not be viewed in such narrow terms. Economic globalisation involves many actors other than these international institutions. A much broader way of understanding of economic globalisation requires us to look at the distribution of economic gains, i.e. who gets the most from globalisation and who gets less, indeed who loses from it. What is often called economic globalisation usually involves greater economic flows among different countries of the world. Some of this is voluntary and some forced by international institutions and powerful countries. As we saw in the examples at the beginning of this chapter, this flow or exchange can take various forms: commodities, capital, people and ideas. Globalisation has involved greater trade in commodities across the globe; the restrictions imposed by different countries on allowing the imports of other countries have been reduced. Similarly, the restrictions on movement of capital across countries have also been reduced. In operational terms, it means that investors in the rich countries can invest their money in countries other than their own, including developing countries, where they might get better returns.

Q. How globalisation should not be viewed?

Test: Globalization- Case Based Type Questions - Question 10

Read the passage given below and answer the questions that follows:

While everything may not be known about the economic facets of globalisation, this particular dimension shapes a large part of the content and direction of contemporary debates surrounding globalisation. A part of the problem has to do with defining economic globalisation itself. The mention of economic globalisation draws our attention immediately to the role of international institutions like the IMF and the WTO and the role they play in determining economic policies across the world. Yet, globalisation must not be viewed in such narrow terms. Economic globalisation involves many actors other than these international institutions. A much broader way of understanding of economic globalisation requires us to look at the distribution of economic gains, i.e. who gets the most from globalisation and who gets less, indeed who loses from it. What is often called economic globalisation usually involves greater economic flows among different countries of the world. Some of this is voluntary and some forced by international institutions and powerful countries. As we saw in the examples at the beginning of this chapter, this flow or exchange can take various forms: commodities, capital, people and ideas. Globalisation has involved greater trade in commodities across the globe; the restrictions imposed by different countries on allowing the imports of other countries have been reduced. Similarly, the restrictions on movement of capital across countries have also been reduced. In operational terms, it means that investors in the rich countries can invest their money in countries other than their own, including developing countries, where they might get better returns.

Q. In terms of trade, what is the impact of globalisation?

Detailed Solution for Test: Globalization- Case Based Type Questions - Question 10
Globalization has increased the production of goods and services. The largest companies are no longer national firms, located in one single country; they are multinational corporations with businesses in many countries.
Test: Globalization- Case Based Type Questions - Question 11

Read the passage given below and answer the questions that follows:

While everything may not be known about the economic facets of globalisation, this particular dimension shapes a large part of the content and direction of contemporary debates surrounding globalisation. A part of the problem has to do with defining economic globalisation itself. The mention of economic globalisation draws our attention immediately to the role of international institutions like the IMF and the WTO and the role they play in determining economic policies across the world. Yet, globalisation must not be viewed in such narrow terms. Economic globalisation involves many actors other than these international institutions. A much broader way of understanding of economic globalisation requires us to look at the distribution of economic gains, i.e. who gets the most from globalisation and who gets less, indeed who loses from it. What is often called economic globalisation usually involves greater economic flows among different countries of the world. Some of this is voluntary and some forced by international institutions and powerful countries. As we saw in the examples at the beginning of this chapter, this flow or exchange can take various forms: commodities, capital, people and ideas. Globalisation has involved greater trade in commodities across the globe; the restrictions imposed by different countries on allowing the imports of other countries have been reduced. Similarly, the restrictions on movement of capital across countries have also been reduced. In operational terms, it means that investors in the rich countries can invest their money in countries other than their own, including developing countries, where they might get better returns.

Q. Where does economic globalisation draw our attention to?

Detailed Solution for Test: Globalization- Case Based Type Questions - Question 11
The IMF and the WTO are international organizations with about 150 members in common. While the IMF’s central focus is on the international monetary and financial system, and the WTO’s is on the international trading system, both work together to ensure a sound system for global trade and payments.
Test: Globalization- Case Based Type Questions - Question 12

Read the passage given below and answer the questions that follows:

While everything may not be known about the economic facets of globalisation, this particular dimension shapes a large part of the content and direction of contemporary debates surrounding globalisation. A part of the problem has to do with defining economic globalisation itself. The mention of economic globalisation draws our attention immediately to the role of international institutions like the IMF and the WTO and the role they play in determining economic policies across the world. Yet, globalisation must not be viewed in such narrow terms. Economic globalisation involves many actors other than these international institutions. A much broader way of understanding of economic globalisation requires us to look at the distribution of economic gains, i.e. who gets the most from globalisation and who gets less, indeed who loses from it. What is often called economic globalisation usually involves greater economic flows among different countries of the world. Some of this is voluntary and some forced by international institutions and powerful countries. As we saw in the examples at the beginning of this chapter, this flow or exchange can take various forms: commodities, capital, people and ideas. Globalisation has involved greater trade in commodities across the globe; the restrictions imposed by different countries on allowing the imports of other countries have been reduced. Similarly, the restrictions on movement of capital across countries have also been reduced. In operational terms, it means that investors in the rich countries can invest their money in countries other than their own, including developing countries, where they might get better returns.

Q. According to broader way of looking at globalisation, what should we focus on?

Test: Globalization- Case Based Type Questions - Question 13

Read the passage given below and answer the questions that follows:

The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges.

In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.

This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays.

Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth.

At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.

Q. In between which years the world’s export has increased 33-fold?

Detailed Solution for Test: Globalization- Case Based Type Questions - Question 13
In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.
Test: Globalization- Case Based Type Questions - Question 14

Read the passage given below and answer the questions that follows:

The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges.

In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.

This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays.

Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth.

At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.

Q. After the 1980s, which policy was introduced by US and UK?

Detailed Solution for Test: Globalization- Case Based Type Questions - Question 14
Several states, particular the United states and have adopted the popular “3D Policy”: disintermediation, decommissioning, deregulation. The idea was to simplify the regulation of finance, eliminate the mediators and break down the barriers between the financial centres of the world. And the aim was to make it easier for the financial players of the world to exchange money. This financial globalization has contributed to the rise of a global financial market in which the proliferation of contracts and capital exchanges.
Test: Globalization- Case Based Type Questions - Question 15

Read the passage given below and answer the questions that follows:

The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges.

In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.

This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays.

Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth.

At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.

Q. We can see “a sharp increase” due to globalisation in ................................ ?

Detailed Solution for Test: Globalization- Case Based Type Questions - Question 15
Globalization has resulted in greater inter connectedness among markets around the world and increased communication and awareness of business opportunities in the far corners of the globe.
Test: Globalization- Case Based Type Questions - Question 16

Read the passage given below and answer the questions that follows:

The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges.

In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.

This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays.

Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth.

At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.

Q. What is the impact of an increase in the economic exchanges between the countries of the world?

Detailed Solution for Test: Globalization- Case Based Type Questions - Question 16
Countries that are open to international trade tend to grow faster, innovate, improve productivity and provide higher income and more opportunities to their people.
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