Class 10 Exam > Class 10 Notes > Social Studies (SST) Class 10 > Unit Test: Globalisation and the Indian Economy
Unit Test: Globalisation and the Indian Economy | Social Studies (SST) Class 10 PDF Download
Time: 1 hour
M.M.: 30
Instructions: Attempt all questions.
Question numbers 1 to 5 carry 1 mark each.
Question numbers 6 to 8 carry 2 marks each.
Question numbers 9 to 11 carry 3 marks each.
Question numbers 12 & 13 carry 5 marks each.
Q1. What is the main motive of Multinational Corporations (MNCs)? (1 Mark)
(a) Cultural exchange
(b) Promoting small industries
(c) Maximising profits
(d) Encouraging traditional methods
Q2. Which organisation aims to liberalise international trade? (1 Mark)
(a) UNO
(b) WHO
(c) WTO
(d) IMF
Q3. What does foreign investment mean? (1 Mark)
(a) Investment in agriculture
(b) Investment in local banks
(c) Investment made by an MNC in another country
(d) Savings in a foreign country
Q4. Name any one factor that enabled globalisation. (1 Mark)
Q5. Define globalisation in simple terms. (1 Mark)
Q6. What is meant by foreign trade? Mention any one benefit of foreign trade to producers. (2 Marks)
Q7. What is a Special Economic Zone (SEZ)? State one reason why SEZs are set up in India. (2 Marks)
Q8. Why do MNCs set up their offices and factories in certain locations only? Mention two factors. (2 Marks)
Q9. Explain any three ways in which MNCs spread their production and interact with local producers. (3 Marks)
Q10. State any three impacts of globalisation on Indian consumers. (3 Marks)
Q11. Why are small producers in India facing difficulties due to globalisation? Give any three reasons. (3 Marks)
Q12. Explain any five factors that have enabled globalisation in recent years. (5 Marks)
Q13. What is WTO? What are its objectives? Explain with examples how WTO rules are often unfair to developing countries. (5 Marks)
The document Unit Test: Globalisation and the Indian Economy | Social Studies (SST) Class 10 is a part of the Class 10 Course Social Studies (SST) Class 10.
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FAQs on Unit Test: Globalisation and the Indian Economy - Social Studies (SST) Class 10
| 1. What is globalisation and how does it impact the Indian economy? |  |
Ans.Globalisation refers to the process of increasing interconnectedness and interdependence among countries through trade, investment, technology, and cultural exchange. In the context of the Indian economy, globalisation has led to significant changes such as an increase in foreign direct investment (FDI), access to global markets, and the introduction of new technologies. This has resulted in economic growth, job creation, and improved living standards for many, although it has also brought challenges such as income inequality and competition for local businesses.
| 2. What are the key features of globalisation that have influenced the Indian economy? | |
Ans.Key features of globalisation that have influenced the Indian economy include liberalisation of trade policies, deregulation of markets, and reduction of tariffs and barriers. Additionally, the growth of multinational corporations and the rise of the digital economy have facilitated faster communication and transaction processes. These features have enabled Indian businesses to expand their reach and enhance their competitiveness on a global scale.
| 3. How has globalisation affected employment in India? | |
Ans.Globalisation has had a mixed impact on employment in India. On one hand, it has created new job opportunities in sectors such as information technology, services, and manufacturing due to increased investment and expansion of industries. On the other hand, it has also led to job losses in some traditional sectors where local businesses struggle to compete with international companies. Overall, while some sectors have thrived, others have faced challenges, leading to a need for workforce reskilling and adaptation.
| 4. What are some challenges that India faces due to globalisation? | |
Ans.India faces several challenges due to globalisation, including increased competition from foreign companies that can lead to the decline of local businesses. There is also the risk of economic disparity, as benefits may not be evenly distributed among different socio-economic groups. Additionally, globalisation can lead to cultural homogenization, where local traditions and practices may be overshadowed by global culture. Environmental concerns also arise from increased industrial activity and consumption patterns.
| 5. How can India balance globalisation with local economic development? | |
Ans.To balance globalisation with local economic development, India can adopt policies that promote sustainable growth, support small and medium enterprises, and ensure equitable access to resources and opportunities. This can include investing in education and skill development to prepare the workforce for global competition, implementing protective measures for vulnerable industries, and fostering innovation and entrepreneurship. Strengthening social safety nets can also help mitigate the negative impacts of globalisation on marginalized communities.
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