Globalisation – 10th Class Social Bits 10th Lesson 

Globalisation – 10th Class Social Bits 10th Lesson  

Question 1.
W.T.O. means ……………….
A) World Tourism Organisation.
B) World Trade Organisation.
C) World Teacher Organisation.
D) World Tobacco Organisation.
Answer:
B) World Trade Organisation.

Question 2.
‘Globalisation’ has NOT badly impacted the lives of
A) MNCs
B) Tribal people
C) Landless workers
D) Unorganised sector workers
Answer:
C) Landless workers

Question 3.
Which of the following is not an Indian Multi National Company ?
A) Ranbaxy
B) Ford Motors
C) Tata Motors
D) Infosys
Answer:
B) Ford Motors

Question 4.
Which of the following organizations monitors the liberalized policies of international trade ?
A) W.H.O
B) I.L.O
C) W.M.O
D) W.T.O
Answer:
D) W.T.O

Question 5.
SEZ stands for
A) Special Economic Zone
B) Special Environmental Zone
C) Socially Economic Zone
D) Special Electricity Zone
Answer:
A) Special Economic Zone

Question 6.
These companies have control over the foreign trade as a result of globalization
A) Local Private Companies
B) Multi National Companies
C) Companies under Government sector
D) Cottage Industries
Answer:
B) Multi National Companies

Question 7.
The following is NOT an advantage of the arrival of MNC
A) Expansion of Employment opportunities
B) Availability of quality products at low costs
C) Distribution of MNCs’profit to public
D) Betterment in foreign trade
Answer:
C) Distribution of MNCs’profit to public

Question 8.
Ranbaxy is a
A) Indian I.T company of USA
B) Automobile company of USA
C) Pharmaceutical MNC
D) Indian company that produces spare parts
Answer:
C) Pharmaceutical MNC

Question 9.
i) Interaction of foreign markets and flow of foreign investment is called Globalisation
ii) Globalisation is responsible for the increase in flow of services, investments and knowledge
A) (ii) is influenced by (i)
B) No change in (ii) with the effect of (i)
C) (i) & (ii) are not related to each other
D) Both (i) & (ii) are false
Answer:
A) (ii) is influenced by (i)

Question 10.
Positive consequences of globalisation
1) Negligence of few communities
2) Domination of western countries
3) Availability of best quality products
4) Growth in production and development
5) Growth in employment opportunities
A) 1, 2, 4, 5
B) 2, 3, 4, 5
C) 4, 2, 5
D) 3, 4, 5
Answer:
D) 3, 4, 5

Question 11.
This is NOT the flow of international trade
A) Flow of services
B) Flow of investments
C) Expansion of nationalist feelings
D) Flow of goods
Answer:
C) Expansion of nationalist feelings

Question 12.
To emerge more Indian MNCs
A) Tax procedure to be liberalised
B) Improvement of infrastructure
C) Availability of new production technology to producers
D) All the above
Answer:
D) All the above

Question 13.
In the past three or four decades, more and more MNCs have been looking for ……………….. around the world which would be cheap for their production
A) Situations
B) Locations
C) Both A and B
D) None of these
Answer:
B) Locations

Question 14.
The people who are mainly benefitted by globalization are…………..
1) rich consumers
2) skilled and educated people
3) farmers
4) poor people
A) 1 and 2
B) 3 and 4
Q 1 and 3
D) 1 and 4
Answer:
A) 1 and 2

Question 15.
How are MNCs spreading their production and interacting with local producers?
A) By setting up partnership with local companies
B) By using the local companies for supplies
C) By closely competing with the local companies or buying them up
D) All of the above
Answer:
D) All of the above

Question 16.
Benefit to the local company of joint production with MNCs.
A) Moral and social support.
B) Money from MNCs for additional investments.
C) Cultural exchange.
D) All the above.
Answer:
B) Money from MNCs for additional investments.

Question 17.
Which one of the following is NOT responsible for a greater choice of goods in the market for the consumer ?
A) Multinational Companies
B) Increased Foreign Investment
C) World Trade Organisation
D) Increased Foreign Trade
Answer:
B) Increased Foreign Investment

Question 18.
Which one among the following is a far reaching change in the policy made in India in 1991?
A) Put barriers to foreign trade and foreign investment.
B) Removing barriers or restrictions set by the government.
C) Restrictions set by the government to protect the producers within the country from foreign competition.
D) By giving protection to domestic producers through a variety of means.
Answer:
B) Removing barriers or restrictions set by the government.

Question 19.
Goods are delivered faster across long distances at lower costs due to the improvement in this technology.
A) Transportation
B) Information
C) Communication
D) Publication
Answer:
A) Transportation

Question 20.
This is the main channel of connecting countries.
A) Trade
B) Nursing
C) Teaching
D) Unorganised sector
Answer:
A) Trade

Question 21.
According to WTO, trade between countries should be
A) restricted and limited
B) a little bit free
C) free without barriers
D) unfair
Answer:
C) free without barriers

Question 22.
The share of agriculture in GDP in US is
A) 5%
B) 3%
C) 1%
D) 2%
Answer:
C) 1%

Question 23.
WIPRO, INFOSYS are called Indian MNCs because they have invested in
A) India
B) Foreign countries
C) Their companies in foreign countries
D) Asia only
Answer:
C) Their companies in foreign countries

Question 24.
Which is the incorrect set ?
A) Call Centers – Customers Care Services
B) Western Asia and Northern Africa – Arab Spring
C) Japanese MNC – Honda
D) Removal of Trade barriers – Globalisation
Answer:
D) Removal of Trade barriers – Globalisation

Question 25.
…………… is the process of rapid integration with the countries of the world.
A) Low quality and high prices
B) Low prices and low quality
C) Greater choice and high quality
D) Lesser choice and high prices
Answer:
C) Greater choice and high quality

Question 26.
This not the measure adopted by MNCs to regulate/ control production
A) Co – ordination of production by distribution of production into small units
B) Investment in the budget of a particular country
C) Production and marketing across the countries
D) Optimum utilisation of resources with the help of new technology
Answer:
B) Investment in the budget of a particular country

Question 27.
Globalisation has created new opportunities of
A) employment
B) emerging multinationals
C) providing services
D) all of the above
Answer:
D) all of the above

Question 28.
Though WTO is supposed to allow free trade for all, in practice, it is seen that the have ………………….. unfairly retained trade barriers
A) developing nations
B) underdeveloped countries
C) developed countries
D) none of these
Answer:
C) developed countries

Question 29.
The other dimension of inequality is in the dominating influence of the ……………. on matters of policy
A) Rich countries
B) Poor countries
C) Middle income group countries
D) None of these
Answer:
A) Rich countries

Question 30.
Art/A ………………. is a bonded labourer under contract to work for an employer for a specific amount of time, to pay off his passage to a new country or home.
A) Permanent labourer
B) Workers
C) Indentured labourer
D) None
Answer:
C) Indentured labourer

Question 31.
Colonies such as India exported ………………. and ……………….. imported
A) Agricultural goods, IT goods
B) Raw materials and food grains, finished goods
C) Vegetables, Industrial goods
D) Consumer goods, Basic goods
Answer:
B) Raw materials and food grains, finished goods

Question 32.
Largest producer of edible oil in India
A) Dhara
B) Cargill Foods
C) Wipro
D) ITC
Answer:
B) Cargill Foods

Question 33.
Match the following:

1. MNCs buy at cheap rates from small producers a) Automobiles
2. Quotas and taxes on imports are used to regulate trade items b) Garments, footwear, sports wear
3. Indian companies who have invested abroad c) Call centres
4. IT has helped in the spreading of production of services d) Tata Motors, Infosys, Ranbaxy
5. Several MNCs have invested in setting up factories in India for production e) Trade barriers
  1. A) 1 – b, 2 – e, 3 – d, 4 – c, 5 – a
    B) 1 – a, 2 – d, 3 – e, 4 – c, 5 – b
    C) 1 – e, 2 – b, 3 – c, 4 – d, 5 – a
    D) 1 – a, 2 – b, 3 – c, 4 – d, 5 – e
    Answer:
    A) 1 – b, 2 – e, 3 – d, 4 – c, 5 – a

Question 34.
WTO headquarters is in ………………….
A) New York
B) Geneva
C) London
D) Hague
Answer:
B) Geneva

Question 35.
MNCs choose to set up production in the areas of …………………..
A) Economic sustainability
B) Cheap goods
C) Cheap labour resources
D) Scenic beauty
Answer:
C) Cheap labour resources

Question 36.
The most common route for investments by MNCs in countries around the world is to
A) form partnership with local companies
B) buy up existing local companies
C) set up new factories
D) all the above
Answer:
B) buy up existing local companies

Question 37.
Ford Motors is connected with
A) Tata Motors
B) Mahindra and Mahindra
C) Maruti Suzuki
D) Hindustan Motors
Answer:
B) Mahindra and Mahindra

Question 38.
This is an example for trade barrier
A) Strict procedure for trade barrier
B) Lack of transport
C) Taxes
D) Growth in production
Answer:
C) Taxes

Question 39.
Which of the following is NOT an MNC?
A) Ford Motors
B) Asian paints
C) Priya foods
D) Tata Motors
Answer:
C) Priya foods

Question 40.
The ill – effect of globalisation in India is ………………..
A) Emergence of Indian MNCs
B) Greater choice for urban people
C) Goods of improved quality and lower price
D) Closure of small units
Answer:
D) Closure of small units

Question 41.
Cargill is now the largest producer of edible oil in India, with a capacity to make …………….. pouches daily.
A) 5 million
B) 6 million
C) 4 million
D) 55million
Answer:
A) 5 million

Question 42.
Allowing private sector to set up more of such industries as were previously reserved for public sector is called
A) Globalisation
B) Privatisation
C) Nationalisation
D) Socialisation
Answer:
B) Privatisation

Question 43.
The impact of globalisation in India is ……………………..
i) particularly the well – off sections in the urban areas got benef itted.
ii) the impact of globalisation has not been uniform on producers and workers.
iii) arrival of Multi National Companies.
iv) greater choice before consumers
A) i, iii and iv only
B) i, ii, iii, iv
C) i, ii, iii only
D) ii, iii, iv only
Answer:
B) i, ii, iii, iv

Question 44.
USA’s voting is valued at ………………. % in the World Bank.
A) 19
B) 16
C) 17
D) 18
Answer:
B) 16

Question 45.
This is one of the American companies manufacturing automobiles.
A) Suzuki
B) Yamaha
C) Ford Motors
D) Bajaj
Answer:
C) Ford Motors

Question 46.
This is an unfair thing with regard to the developed countries.
A) Removing trade barriers
B) Liberalisation
C) Decreasing barriers
D) Retaining trade barriers
Answer:
D) Retaining trade barriers

Question 47.
The companies that have markets in more than one Country.
A) Multi National Company
B) Unorganised Enterprise
C) Monopolistic Company
D) Public Enterprise
Answer:
A) Multi National Company

Question 48.
Removing barriers or restrictions set by the government is known as
A) Privatisation
B) Liberalisation
C) Industrialisation
D) Nationalisation
Answer:
B) Liberalisation

Question 49.
Fair globalisation means
A) ensuring better living for the people of developed countries.
B) creating new trade barriers.
C) creating opportunities for all.
D) investing more in developing countries.
Answer:
C) creating opportunities for all.

Question 50.
TATA company manufactures …………………
A) Medicines
B) Colours
C) Vehicles
D) Textiles
Answer:
C) Vehicles

Question 51.
Match the following.

Group – A Group – B
1. Tata Motors a) Paints
2. Nerolac b) Information technology
3. Infosys c) Automobiles
  1. A) 1 – c, 2 – a, 3 – b
    B) 1 – a, 2 – b, 3 – c
    C) 1 – b, 2 – c, 3 – a
    D) 1 – a, 2 – c, 3 – b
    Answer:
    A) 1 – c, 2 – a, 3 – b

Question 52.
If we look at the past, we find that MNCs have been a major force in the process of globalisation since last ……………….
A) thirty years
B) forty years
C) fifty years
D) seventy years
Answer:
A) thirty years

Question 53
……………. have played a crucial role in the Arab spring.
A) Leaders
B) Media
C) Students
D) Farmers
Answer:
B) Media

Question 54.
In the year 2015 the number of member countries in W.T.O are …………………
A) 159
B) 162
C) 165
D) 152
Answer:
A) 159

Question 55.
Decisions on key issues in international trade are now taken by
A) National governments
B) Institutions of Developed countries
C) Institutions of Global Governance
D) MNCs
Answer:
C) Institutions of Global Governance

Question 56.
Ford, an MNC, entered into India in
A) 2004
B) 1990
C) 1995
D) 2014
Answer:
C) 1995

Question 57.
……………. control production in many countries.
A) International Organisations
B) Joint Ventures
C) Multi National Companies
D) Net marketing
Answer:
C) Multi National Companies

Question 58.
Which of the following is incorrect regarding liberalisation policy ?
A) It was started around 1991
B) Government accepted liberlisation to improve the performance of producers .
C) It was opposed by powerful international organisation
D) As per this policy traders are free to export or import
Answer:
C) It was opposed by powerful international organisation

Question 59.
Which of the following are the ways that MNCs to expand market?
1) MNCs setup production jointly with local companies
2) MNCs buy up local companies
3) MNCs place orders for production with small producers
4) MNCs confined to few countries
A) 1, 2 and 4
B) 2, 3 and 4
C) 1, 2 and 3
D) All the above
Answer:
C) 1, 2 and 3

Question 60.
The money that MNCs spent to buy assets as land, buildings, machines and other equipment is called as
A) Foreign trade
B) Working capital
C) Self investment
D) Foreign investment
Answer:
D) Foreign investment

Question 61.
An example for rapid information technology
A) Transportation technology
B) Satellite communication devices
C) Chinese toys
D) Better health devices
Answer:
B) Satellite communication devices

Question 62.
In an economist’s view, which of the following perspective of globalisation is most suitable ?
A) The decline of sovereignty of the nation state
B) The emergence of global institutions and global conflicts
C) The development of communication technologies
D) The growth of international trade and the increase in international trade follows
Answer:
C) The development of communication technologies

Question 63.
Which of the following are the types of movement within international economic exchanges ?
A) Flow of goods and services
B) Flow Of labour
C) Flow of capital
D) All the above
Answer:
D) All the above

Question 64.
Which of the following helps globalisation ?
A) Technology
B) MNCs
C) WTO
D) All of these
Answer:
D) All of these

Question 65.
Which facilitated globalisation by removing barriers to trade and investment ?
A) Cultural homogenisation
B) Movements by the common people
C) Information technology
D) Liberalisation of trade and investment
Answer:
D) Liberalisation of trade and investment

Question 66.
When was economic reform (Privatisation) appeared in India ?
A) 1991
B) 2005
C) 2008
D) 1989
Answer:
A) 1991

Question 67.
Infosys is an MNC in the field of
A) Automobiles
B) Paints
C) IT
D) Nuts and bolts
Answer:
C) IT

Question 68.
“Cargill Foods” is a very large MNC of this country.
A) England
B) America
C) Mexico
D) China
Answer:
B) America

Question 69.
These are playing a major role in the Globalisation process.
A) National companies
B) MNCs
C) Nursing
D) Govt, industries
Answer:
B) MNCs

Question 70.
Companies that set up production units in The special economic zones do not have to pay taxes for an initial period of …………………..
A) 10 years
B) 12 years
C) 5 years
D) 15 years
Answer:
C) 5 years

Question 71.
The revolutionary period to uproot the dictators in western Asia and North Africa was termed as ……………………… by media.
A) R-R-R
B) Toppling Arab
C) Arab Spring
D) Democratisation Arab
Answer:
C) Arab Spring

Question 72.
Globalisation is a phenomenon which started at the end of this century.
A) 19th century
B) 17th century
C) 18th century
D) 20th century
Answer:
D) 20th century

Question 73.
…………….. is the process of rapid integration with the countries of the world.
A) Liberalisation
B) Globalisation
C) Privatisation
D) Technological Revolution
Answer:
B) Globalisation

Question 74.
Liberalisation was started in India in the year
A) 1971
B) 1991
C) 1981
D) 2001
Answer:
B) 1991

Question 75.
The aim of WTO is
A) Strict trade
B) Liberalise international trade
C) Providing education
D) None
Answer:
B) Liberalise international trade

Question 76.
This is not the type of movement within international economic exchanges.
A) Flow of trade in goods as well as services.
B) Flow of labour.
C) Movement of capital for short term or long term investments.
D) Movement for nationalisation.
Answer:
D) Movement for nationalisation.

Question 77.
Which are correct in the following
i. Flow of trade in goods and services is a type of movement within international ecomomic exchange.
ii. Ford Motors is a Japan company.
iii. Tax on imports is an example of trade barrier
A) i & ii
B) i & iii
G) ii & iii
D) i, ii, iii
Answer:
B) i & iii

Question 78.
Name the term which refers to globalisation which create opportunities for all and ensures that benefits are better shared
A) Fair globalisation
B) Fair nationalisation
C) Liberalisation
D) Best share
Answer:
A) Fair globalisation

Question 79.
This is NOT the feature of an MNC.
A) All these reduce the margin of profits for the MNC and yet, they organise production in different countries.
B) Spreading out its customer care services in a different country i.e., customer care is provided by another country.
C) Selling the products globally.
D) Organise production process into small parts and spread out across the globe.
Answer:
A) All these reduce the margin of profits for the MNC and yet, they organise production in different countries.

Question 80.
This is NOT the criteria for selecting a site for operation of MNC.
A) Proximity to the markets.
B) Areas which are highly sensitive.
C) Availability of skilled and unskilled labour at low costs.
D) Assured availability of other factors of production.
Answer:
B) Areas which are highly sensitive.

Question 81.
This is one of the methods in which MNCs control production.
A) Investing in the budget of the country.
B) Placing orders for production with small producers and selling it under their brand name.
C) Producing less than what people need to increase the cost.
D) Producing more and more goods to force people to buy more.
Answer:
B) Placing orders for production with small producers and selling it under their brand name.

Question 82.
Example for Indian Multinational Company is…………..
A) Tata Motors
B) Honda
C) Nokia
D) Pepsi
Answer:
A) Tata Motors

Question 83.
This is the main reason for a country to impose trade barriers.
A) Protection of consumer interest.
B) Protection of developed countries.
C) An article included in the Constitution stipulates such rules.
D) Protection of domestic producers.
Answer:
D) Protection of domestic producers.

Question 84.
After 1991, the government decided to expose Indian producers to the globe because
A) pressure from the producers.
B) to improve performance of producers.
C) Indian consumers demanded foreign goods.
D) better products production around the world.
Answer:
B) to improve performance of producers.

Question 85.
The following is one of the main allegation against WTO.
A) It adopts policies that are favourable to developing countries.
B) It allows trade barriers for developed countries but not for developing countries.
C) It allows trade barriers to exist in every country.
D) The entire trade is under its control.
Answer:
B) It allows trade barriers for developed countries but not for developing countries.

Question 86.
This is not the ill effect of Globalisation
A) Gradual dilution of nationalistic feeling.
B) Negligence of sortie languages there by causing their extinction.
C) Marginalisation of cultural practices.
D) Offering a wide range of products by the MNCs to the consumers thus widening choices.
Answer:
B) Negligence of sortie languages there by causing their extinction.

Question 87.
Result of Globalisation.
A) Getting profits for small producers.
B) Competition increases among countries
C) Reduced relation between countries.
D) Scarcity of goods.
Answer:
B) Competition increases among countries

Question 88.
Expand IT
A) International Technology
B) Information Techniques
C) International Techniques
D) Information Technology
Answer:
D) Information Technology

Question 89.
Indian consumers have a greater choice of goods now. This can be attributed to
A) Globalisation
B) Increased small producers
C) Trade barriers
D) Sustainable growth
Answer:
A) Globalisation

Question 90.
Cargill foods, a very large American MNC, has bought over smaller Indian companies such as
A) Best foods
B) Gold foods
C) Fine foods
D) Parakh foods
Answer:
D) Parakh foods

Question 91.
From the following which statement is correct regarding globalisation ?
A) Technology is developing rapidly
B) Small scale tradesmen will get benefitted
C) Not suitable for the developed countries
D) All are correct
Answer:
A) Technology is developing rapidly

Question 92.
Which of the following has benefitted least because of globalization in India
A) Agriculture sector
B) Industry
C) Service sector
D) Secondary sector
Answer:
A) Agriculture sector

Question 93.
When was privatization adopted in
India
A) 1957
B) 1995
C) 1991
D) 1926
Answer:
C) 1991

Question 94.
Where did the Ford Motors set up their large plant ?
A) At Mumbai
B) AtKolkata
C) At Kanpur
D) At Chennai
Answer:
D) At Chennai

Question 95.
Why do MNCs make investments ?
A) To increase their assets
B) For their own benefits
C) For the benefit of the foreign country
D) For the welfare of the poor people
Answer:
A) To increase their assets

Question 96.
What steps the government has to take
to ensure that the benefits of globaliza-tion are shared better ?
A) To ensure the proper implementation of labour laws
B) To support small producers to improve their performance
C) Using the trade and investment barriers if necessary
D) All of these
Answer:
D) All of these

 

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