CBSE X Globalisation and the Indian Economy practice questions

Question 1

Which factors helped globalisation in India? (i) Better transport technology; (ii) liberalisation of foreign trade and investment; (iii) WTO rules necessarily favour India over developed countries.

Accepted Answer

(i),(ii) only

Answer

(i),(iii) only

Answer

(ii),(iii) only

Answer

(iii) only

Question 2

How has information and communication technology helped spread service production across countries?

Accepted Answer

It permits rapid information exchange and coordination of remote work

Answer

It makes remote communication impossible

Answer

It prevents any service from being delivered electronically

Answer

It eliminates the need to communicate project requirements

Question 3

Which expenditure is investment in the production context?

Accepted Answer

Buying productive assets such as machinery or business land

Answer

Spending solely on a family ceremony

Answer

Buying household groceries for immediate consumption

Answer

Paying for a private celebration

Question 4

What is globalisation, and what helps accelerate it?

Accepted Answer

Increasing integration of countries through trade, investment and technology, helped by improved transport and communication

Answer

Complete separation of economies, helped by banning communication

Answer

Only growth within one village

Answer

Abolition of all international exchanges

Question 5

What changed in India’s trade and investment policy around 1991?

Accepted Answer

Many restrictions were reduced to encourage international competition and investment

Answer

Every import and export was permanently prohibited

Answer

All foreign investment was abolished

Answer

India withdrew from every world market

Question 6

Which of the following organisations lays stress on liberalisation of foreign trade and foreign investment?

Accepted Answer

World Trade Organisation

Answer

International Labour Organisation

Answer

International Monetary Fund

Answer

World Health Organisation

Question 7

Which statement best evaluates globalisation’s effects on consumers and producers?

Accepted Answer

Consumers may gain choice and quality; competitive producers may expand, while vulnerable firms and workers may face losses

Answer

Every producer and worker benefits equally without exception

Answer

All consumers lose every choice

Answer

No producer can ever reach a foreign market

Question 8

Why did India reduce many foreign-trade and investment barriers around 1991?

Accepted Answer

To encourage international competition, improve producer performance and attract investment

Answer

Because all barriers were removed immediately in 1947

Answer

To stop every import and export

Answer

To ban foreign technology permanently