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Class 10 Economics Chapter 3 Assertion and Reason Questions - Understanding Economic Development

Q1:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Match the following items given in column A with those in column B:

Class 10 Economics Chapter 3 Assertion and Reason Questions - Understanding Economic Development

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Q2:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Match the following items given in column A with those in column B:

Class 10 Economics Chapter 3 Assertion and Reason Questions - Understanding Economic Development

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Q3:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Arrange the following in the correct Sequence:

(i) Meanwhile, the company ’s customer care is carried out through call centres located in India.

(ii) And then have the components manufactured in China.

(iii) A large MNC, Producing industrial equipment, designs its products in research centres in the United States.

(iv) These are then shipped to Mexico and Eastern Europe where the products are assembled and the finished products are sold all over the world.

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Q4:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Arrange the following in the correct Sequence:

(i) A news magazine published for London readers is to be designed and printed in Delhi.

(ii) The designing is done on a Computer. After printing the magazines are sent by air to London.

(iii) The payment of money for designing and printing from a bank in London to a bank in Delhi is done instantly through the Internet (E-banking)

(iv) The text of the magazines is sent through is sent through Internet to the Delhi office The designers in Delhi office get orders on how to design the magazine from the office in London using telecommunication facilities.

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Q5:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Analyze the information given below, considering one of the following correct options:

Though WTO is supposed to allow free trade for all, in practice, it is seen that the developed countries have unfairly retained trade barriers. On the other hand, WTO rules have forced the developing countries to remove trade barriers. An example of this is the current debate on trade in agricultural products.

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Q6:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Analyze the information given below, considering one of the following correct options:

A news magazine published for London readers is to be designed and printed in Delhi. The text of the magazine is sent through the Internet to the Delhi office. The designers in the Delhi office get orders on how to design the magazine from the office in London using telecommunication facilities. The designing is done on a computer. After printing, the magazines are sent by air to London. Even the payment of money for designing and printing from a bank in London to a bank in Delhi is done instantly through the Internet (e-banking)!

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Q7:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option:

Assertion (A) : The Indian government, after independence, had put barriers to foreign trade and foreign investment.Reason (R) : The government considered it necessary to protect the producers within the country from foreign competition.

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Q8:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option:

Assertion (A) : The car manufacturing plant of Maruti Udyog Ltd in India produces cars for Indian markets.Reason (R) : It also exports cars to other developing countries and exports car components for its many factories around the world.

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Q9:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Find the incorrect option:
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Q10:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Find the incorrect option:
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Q11:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Direction: Mark the option which is most suitable:

Assertion : Globalization leads to increased competition in international and domestic markets.Reason : Globalization also makes the consumers better off as they have a wider variety of goods to choose from at lower prices.

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Q12:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Direction: Mark the option which is most suitable:

Assertion : The removal of barriers to trade is known as liberalization.Reason : federalization of trade allows businesses to freely decide which goods to import and export.

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Q13:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Direction: Mark the option which is most suitable:

Assertion : A tax on imports makes the market for imported goods lucrative in terms of earning higher profits.Reason : Taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.

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Q14:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Direction: Mark the option which is most suitable:

Assertion : Rapid improvement in technology has been one major factor that has stimulated the globalization process.Reason : Developing countries are likely to become at par with developed countries in terms of technological development due to globalization.

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Q15:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Direction: Mark the option which is most suitable:

Assertion : Foreign trade and foreign investment results in disintegration of production across countries.Reason : MNCs disrupt the production processes in domestic countries.

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Q16:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Direction: Mark the option which is most suitable:

Assertion : Due to foreign trade, producers in different countries closely compete with each other.Reason : Foreign trade leads to similar prices of goods across boundaries, and the producers who do not offer competitive prices may lose the market share.

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Q17:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Direction: Mark the option which is most suitable:

Assertion : Foreign trade creates an opportunity for the producers to reach beyond the domestic markets.Reason : Foreign trade expands the choice of goods beyond what is domestically produced.

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Q18:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Direction: Mark the option which is most suitable:

Assertion : MNCs can exert a strong influence on production at distant locations.Reason : MNCs set up partnerships with local companies, use local companies for supplies, compete with local companies or buy them up.

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Q19:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Direction: Mark the option which is most suitable:

Assertion : Local businesses may set up joint production processes with MNCs and earn higher profits.Reason : MNCs can provide money for additional investments, like buying new machines for faster production.

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Q20:

Question for Assertion & Reason Type Questions: Globalisation and the Indian Economy
Try yourself: Direction: Mark the option which is most suitable:

Assertion : Global production has a complex structure.Reason : Production of one good may take place in different parts of the world. For instance, an equipment may be formed by combining components produced in different countries.

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