Cargill Food's is the largest producer of which of the following in India?

1

(a)

Medicine

(b)

Asian Paints

(c)

Edible oil

(d)

Garment

WTO was started at the initiative of which one of the following group of company?

1

(a)

Rich countries

(b)

poor countries

(c)

Developed countries

(d)

Developing countries

Which one of the following Indian industries has been hit hard by globalization?

1

(a)

IT

(b)

Toy Making

(c)

Jute

(d)

Cement

Which one of the following type of countries has been more benefitted from globalisation?

1

(a)

Rich countries

(b)

Poor countries

(c)

Developing countries

(d)

Developed countries

Removing barriers or restrictions set by the government is called:

1

(a)

Liberalization

(b)

Investment

(c)

Favorable trade

(d)

Free trade

What is the process of rapid integration or inter connection between countries called?

1

(a)

Industrialization

(b)

Globalization

(c)

Liberalization

(d)

Privatization

Which one of the following is not a feature of multinational company?

1

(a)

It owns/controls production in more than one nation

(b)

It set up factories where it is close to the markets

(c)

It organized production in complex ways

(d)

It employs labour only from its own country

Globalization, by connecting countries, shall result in

1

(a)

lesser competition among producers

(b)

greater competition among producers

(c)

no change in competition among producers

(d)

none of the above

Mention two benefits that local companies get when they set up production units in association with the MNCs.

1

(a)

The benefits that local companies can get are:
(a)MNCs can provide money for additional investment like buying latest and new machines for faster production
(b)MNCs might bring the latest technology of production with them.

How government can use trade barriers?

1

(a)

Government can use trade barriers to increase or decrease foreign trade and to decide what kind of goods and how of each good should come into the country.

Who forced the developing countries to remove the trade barriers?

1

(a)

World Trade Organisation (WTO) forced the developing countries to remove the trade barriers.

What are SEZs?

1

(a)

Indian government has taken special steps to attract the foreign investors to invest in India. Industrial Zones called Special Economic Zones (SEZs) are being set up for the same purpose. SEZs are to have world class facilities such as electricity, water, roads and transport.

What is the basic function of foreign trade?

1

(a)

Foreign trade creates an opportunity for the producers to reach beyond the domestic market, i.e., markets of their own countries.

After independence, which items were allowed to be imported by the government of India?

1

(a)

The government of India allowed imports of only essential items such as machinery, fertilizers, petroleum etc. after independence.

What has brought about the availability of greater choice of goods in the market for the consumers?

1

(a)

The entry of MNCs in the market has led to the availability of greater choice of goods for the consumers.

What are the various ways in which MNCs set up or control production in other countries.

3

(a)

Supposing you find two people arguing: One is saying globalisation has hurt our country's development. The other is telling, globalisation is helping India develop. How would you respond to these arguments?

3

(a)

"Fair globalisation would create opportunities for all and also ensure that benefits of globalisation are shared better". Support the statement.

5

(a)

"Globalisation is fun". Elaborate.

5

(a)

How has improvement in technology stimulated the globalisation process?

5

(a)

How can government play a major role in making globalisation fair?

5

(a)