ncert-class10-economics-Chapter 4: Globalisation and the Indian Economy Welcome to your ncert-class10-economics-Chapter 4: Globalisation and the Indian Economy 1. 'Structural reform measures' was one of the two categories of measures announced by the Government to be taken under the process of economic reforms in India. These measures deal with-1. redefining the role of state in the economy2. attempting higher participation of private capital - Indian and foreign3. Increasing aggregate supply in the economy.Select the answer using the code given below. 1,2 and 3 1 and 2 1 and 3 2 and 3 None 2. What is correct about the 'Core Investment Companies' a term which in news recently ? Those foreign investment in share which are above Rs.1,000 crore at a time. The Non banking Finance Companies, which invest in share for the purpose of owning a stake in a company, rather than for trading. The foreign financial investors (FFIs), which eye the biggest portion of the company's stake while doing Institutional Investments. All foreign investments ins shares, which are made in the 'Core Industries'. None 3. As per the UN-Habitat's Global Report on Human Settlement 20092009, which one among the following regions has shown the fastest growth rate of urbanization in the last three decades? Europe Latin America and Caribbean North America Asia None 4. Globalization means integration of ____________. domestic trade with the world trade one domestic enterprise with another domestic enterprises one domestic enterprise with international enterprises domestic economy with world economy None 5. Economic reforms of 1991 included:(l)Reduction in taxes and quotes to allow free trade between countries(II) 100% FDI in single brand retail(III) Privatization of state -owned corporations.Select the statements above which are true Only II and III Only i Only I and III I, II, III None 6. As regards the use of international food safety standards as reference point for the dispute settlements, which one of the following does WTO collaborate with? International federation of Standards Users Codex Alimentarius Commission World Standard Cooperation International Organization for Standardization None 7. In the last decade, which one among the following sectors has attracted highest foreign direct investment inflows into India? Services Telecommunication Food processing Chemicals (excluding fertilizers) None 8. Following are the features of a MNC. Identify which are correct.(i) They are of giant sizes and their wealth is enormous.(ii) They conduct international operations.(iii) They have enormous influence on the government policies.(iv) They operate in countries where the cost of production is cheap and markets of finished products are close by. (i) and (ii) only (i), (ii) and (iv) only. All are correct (i), (ii) and (iii) only None 9. Which one of the following is a basic function of foreign trade? It gives opportunity for the reduction to reach beyond the domestic market It furnishes trade in the domestic market Goods and services are produced for internal market all of these None 10. Factor endowment theory is also know as 1. Modern theory of international trade.2. Classical theory of international trade.3. Reciprocal demand theory.4. Factor proportions theory of international trade. 3 and 4 1 and 2 2 and 3 1 and 4 None 11. In order to comply with TRIPS agreement, India exacted the Geographical Indications of goods (Registration and protection Act 1999.) The difference/differences between a "Trade Mark" and a 'Geographical Indicate' is/are:1. A trade mark is an individual or a company's right whereas a Geographical Indication is a community's right.2. A trade Mark can be licensed whereas a Geographical Indication can't be licensed.3. A Trade mark is assigned to the manufactured goods whereas the Geographical Indication is assigned to the agricultural goods/products and handicrafts onlyWhich of the statements given above is/are correct? 1 only 1, 2 and 3 1 and 2 only 2 and 3 only None 12. Liberalization of trade means government has removed the tariff, subsidies and other restrictions on the flow of goods and services between _________. cities continents countries states None 13. The 'Backwash Effect' was first introduced by ___________. Peter Suderland Gunnar Myrdal Arthur Dunkel Kindelberger None 14. 'SAPTA' is an agreement of trade among the SAARC Nations. The expansion of SAPTA is one of the following: South Asian Protection of Trade Agreement South Asian Partial Trade Agreement South Asian Pacific Trade Agreement South Asian Preferential Trade Agreement None 15. Which of the following can be considered as Foreign Direct Investment made in India?A. The TATAs acquire Corus steel plant abroad.B. Mr. Donald, an American citizen, acquires 100 shares of an Indian listed company.C. The remittances sent by an Indian doctor in Dubai back to his hometown in Kerala.D. The US multinational Google opens its fullfledged unit at Gurgaon, Haryana. (A) and (B) (B) and (C) (A) and (D) (D) only None 16. In the context of bilateral trade negotiations between India and European Union, what is the difference between European commission and European Council?1. European Commission represents the EU in trade negotiations whereas European Council participates in the legislation of matter pertaining to economic policies of the European union.2. European commission comprises the heads of state or government council comprises the persons nominated by European parliament.Which of the statements given above is/are correct? 2 only 1 only Neither 1 nor 2 Both 1 and 2 None 17. Which is not the aim of Liberalisation and Globalisation Increase in the trade of goods and services Increase in the subsidies to the poor and deprived sections of society More production at all levels Generating more employment opportunities None 18. Under Globalization, our agricultural products are not able to compete with the developed countries because of the ______________. high export duties. high quality products in these countries. highly subsidized agriculture in those countries. lack of awareness. None 19. Globalisation of the Indian economy has not adversely impacted ____ . small traders workers in the unorganised sector workers in small scale manufacturing units workers in call centres None 20. Duty Drawback Scheme is a normal export incentive given by all economies and is allowed under the trade provisions of the WTO. What is the rationale behind it? Indirect taxes of the economies should not be allowed to get exported As exporters earn precious foreign exchange for their economies This is a declared bias in the provisions of the WTO and was among the reasons why the Doha Round of its talks got stuck As different economies specialise in different products, this equalises their differential effects on the world trade None Time's up Please Share This Share this content Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Leave a Reply Cancel replyCommentEnter your name or username to commentEnter your email address to commentEnter your website URL (optional) Save my name, email, and website in this browser for the next time I comment.
