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Test: Globalization & the Indian Economy - 4


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20 Questions MCQ Test Social Studies (SST) Class 10 | Test: Globalization & the Indian Economy - 4

Test: Globalization & the Indian Economy - 4 for Class 10 2022 is part of Social Studies (SST) Class 10 preparation. The Test: Globalization & the Indian Economy - 4 questions and answers have been prepared according to the Class 10 exam syllabus.The Test: Globalization & the Indian Economy - 4 MCQs are made for Class 10 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Globalization & the Indian Economy - 4 below.
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Test: Globalization & the Indian Economy - 4 - Question 1

Which sector has not benefited by the policy of globalisation ?

Detailed Solution for Test: Globalization & the Indian Economy - 4 - Question 1

The correct answer is A agriculture is the most ignored sector.
 

Test: Globalization & the Indian Economy - 4 - Question 2

Cheaper imports, inadequate investment in infrastructure lead to

Detailed Solution for Test: Globalization & the Indian Economy - 4 - Question 2

The industrial sector has performed poorly in the reform period because of decreasing demand of industrial products due to various reasons' such as cheaper imports, inadequate investment, infrastructure etc. Cheaper imports have replaced the demand for domestic goods in India.

Test: Globalization & the Indian Economy - 4 - Question 3

Fair globalisation refers to ensuring benefits to :

Detailed Solution for Test: Globalization & the Indian Economy - 4 - Question 3

The correct option is D.
Fair globalisation would create opportunities for all and also ensure that benefits of globalisation are shared better. (i) Government policies must protect the interests not only of the rich and powerful but of all the people in the country.

Test: Globalization & the Indian Economy - 4 - Question 4

Globalisation results in

Test: Globalization & the Indian Economy - 4 - Question 5

The past two decades of globalisation has seen rapid movements in

Detailed Solution for Test: Globalization & the Indian Economy - 4 - Question 5

The past two decades of globalisation has seen rapid movements in goods, services and investments between countries.

Test: Globalization & the Indian Economy - 4 - Question 6

Globalisation leads to rapid movements of the following between countries :

Test: Globalization & the Indian Economy - 4 - Question 7

Which has played a big role in spreading globalisation ?

Detailed Solution for Test: Globalization & the Indian Economy - 4 - Question 7

A. Rapid improvement in technology has been one major factor that has enabled the globalisation process. 

B. Improvement in information technology has played a major role in spreading out production of services across countries. Telecommun ication facilities are used to contact one another around the world to access info rmation instantly and to communicate from remote areas. 

C. Improvement in transportation has made possible muc h faster delivery of goods across long distances at low cost. 

D. Due to the pressure of WTO many developing countrie s have removed many of the trade barriers to foreign trade and investment and thus promoted and facilitate the globalisation. 

E. Multilateral trade agreement has promoted foreign t rade and free flow of investments. 

Test: Globalization & the Indian Economy - 4 - Question 8

Globalisation has led to improvement in

Test: Globalization & the Indian Economy - 4 - Question 9

Which of the following factors has not facilitated globalisation ?

Detailed Solution for Test: Globalization & the Indian Economy - 4 - Question 9

- Nationalisation of banks in India initiated in 1969 because of socialistic principles of government.

- Liberalisation, Privatisation and Globalisation (LPG) reforms started in  1991.

- Technology intrusion, Liberalisation of trade and emergence of World Trade Organisation were started after 1991 LPG reforms.

- These reforms opens the Indian market to foreign companies which results in people of India gets the cheapest goods, domestic companies faced the competition from Multi-national companies and service-led growth.

Test: Globalization & the Indian Economy - 4 - Question 10

One of the major results of globalisation in India has been in the growth of

Detailed Solution for Test: Globalization & the Indian Economy - 4 - Question 10

Greater integration of global commodities markets leads to constant fluctuation in prices. This has increased the vulnerability of Indian farmers. Farmers are also increasingly dependent on seeds and fertilizers sold by the MNCs.

Test: Globalization & the Indian Economy - 4 - Question 11

Globalisation so far has been more in favour of

Test: Globalization & the Indian Economy - 4 - Question 12

Multinational corporations have succeeded in entering global markets through

Test: Globalization & the Indian Economy - 4 - Question 13

Upto 2006 the number of member countries of WTO was :

Detailed Solution for Test: Globalization & the Indian Economy - 4 - Question 13

B is the correct option.The WTO as of November 2006 had 149 members, the latest addition being Vietnam making it 150. As of this date Russia was the largest state that was not yet a member.

Test: Globalization & the Indian Economy - 4 - Question 14

FDI (Foreign Direct Investment) attracted by globalisation in India belongs to the

Test: Globalization & the Indian Economy - 4 - Question 15

When economic activities in a country are influenced by economic activities in other countries, it is called

Detailed Solution for Test: Globalization & the Indian Economy - 4 - Question 15

C is the correct option. Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

Test: Globalization & the Indian Economy - 4 - Question 16

A company that operates in more than one country is called a

Test: Globalization & the Indian Economy - 4 - Question 17

Investment means spending on

Test: Globalization & the Indian Economy - 4 - Question 18

Which of the following contributes to globalisation?

Test: Globalization & the Indian Economy - 4 - Question 19

Integration of markets means

Detailed Solution for Test: Globalization & the Indian Economy - 4 - Question 19

Market integration occurs when prices among different locations or related goods follow similar patterns over a long period of time. Groups of good often move proportionally to each other and when this relation is very clear among different markets it is said that the markets are integrated.

Test: Globalization & the Indian Economy - 4 - Question 20

Liberalisation refers to

Detailed Solution for Test: Globalization & the Indian Economy - 4 - Question 20

Economic liberalization refers to those government policies which promote economic growth by opening up trade to international markets, extending the use of markets and lessening the restrictions and regulations placed on business. Economic liberalization does not always come without its drawbacks. Domestic companies may face difficulties in competing with foreign companies once the international trade barriers are removed. There is also the risk of brain drain and the environmental degradation that can follow in the wake of deregulation. Many developing third world countries, however, view economic liberalization as an approach for which there is no alternative.

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