10th Social Science – Economics Book Back
& Questions Answers (solution)
2. Globalization and Trade
I. Choose the correct answer:
1. Who is the head of the World Trade Organisation (WTO)?
a) Ministerial conference
b) Director General
c) Deputy Director General
d) None of these
Answer: b) Director General
2. How many countries were memberships in WTO at present? a) 159
b) 164
c) 148
d) 128
Answer: b) 164
3. Colonial advent in India
a) Portuguese, Dutch, English, Danish, French
b) Dutch, English, Danish, French
c) Portuguese Danish, Dutch, French, English
d) Danish, Portuguese French, English, Dutch
Answer: a) Portuguese, Dutch, English, Danish, French
4. Who first came to India for trading purpose?
a) Roman Empire
b) Portuguese
c) Dutch
d) Danish
Answer: b) Portuguese
5. When did Portuguese colonize India?
a) 1600 BC
b) 1602 BC
c) 1498 BC
d) 1616 BC
Answer: b) 1602 BC
6. GATT’s first round held in
a) Tokyo
b) Uruguay
c) Torquay
d) Geneva
Answer: d) Geneva
7. India signed the Dunkel proposal in
a) 1984
b) 1976
c) 1950
d) 1994
Answer: d) 1994
8. Who granted the English “Golden Fireman” in 1632
a) Jahangir
b) Sultan of Golconda
c) Akbar
d) Aurangzeb
Answer: b) Sultan of Golconda
9. Foreign Investment policy (FIP) announced in
a) June 1991
b) July 1991
c) July-Aug 1991
d) Aug 1991
Answer: c) July-Aug 1991
10. Indian government was introduced ______ in 1991.
a) Globalization
b) World Trade Organisation
c) New Economic Policy
d) None
Answer: c) New Economic Policy
II. Fill in the blanks:
1. The Dutch captured Pondicherry in __1693__.
2. A better economy introduced rapid development of the ____Capital Market__.
3. The East India Company built fortified factory in Madras which known as__Fort St. George_.
4. WTO agreement came into force from ___January 1, 1995___.
5. The term globalization invented by ___Prof. Theodore levitt___.
6. French East India company established second factory at ___Masulipatanam___.
III. Choose the correct statement.
1. i) The East Indian Company specially to participate in the East Indian Spice Trade and later added cotton, silk, indigo.
ii) Merchants of the Dutch East India Company first established at Calicut.
iii) Nanadesis were a guild of traders at the time of Hoysala Empire.
a) i is correct
b) ii and iii are correct
c) i and iii are correct
d) i, ii and iii are correct
Answer: a) i is correct
IV. Match the following:
1. Multination corporation in India – a) 1947 2. MNC – b) Enforce international trade
3. GATT – c) Minimize cost of production
4. 8th Uruguay Round – d) Infosis
5. WTO – e) 1986
Answer: 1-d; 2-c; 3-a; 4-e; 5-b
V. Give Short Answers
1. What is globalization?
2. Write the types of globalization.
3. Write short note on Multinational corporation.
4. Short note: The Dutch in South India. 5. What are the reforms made to adopt globalization?
6. What is Fair trade ?
7. Write any five principles of Fair Trade Practices.
8. What is the main objective of WTO?
9. Write short note on TRIPs and TRIMs.
10. Write the positive impact of Globalization.
VI. Brief Answer
1. Write briefly the history of globalization.
2. Briefly explain the evolution of MNC and its advantages and disadvantages.
3. Explain the trade and traders in south India.
4. Write about the World Trade Organisation.
5. Write the challenges of Globalization.
VII. Activity and Projects
1. Teacher and students are discuss about the globalization.
2. Students are collect the images regarded to the globalization and make the album. (south Indian trade and traders images, and silk route map, spice route map, and kalinga trade map, etc)
3. Students are collect the picture of various Multinational corporation companies in India and its products pictures.
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