Globalization and Trade | Economics One Mark Questions Answers | 10th Social Science

Globalization and Trade | Economics | One Mark Questions Answers

10th Social Science : Economics : Chapter 2 : Globalization and Trade

EVALUATION

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

Ans: (b)

2. 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

Ans: (a)

3. GATT’s first round held in

a) Tokyo

b) Uruguay

c) Torquay

d) Geneva

Ans: (d)

4. India signed the Dunket proposal in

a) 1984

b) 1976

c) 1950

d) 1994

Ans: (d)

5. who granted the English “golden Fireman” in 1632

a) Jahangir

b) Sultan of Golconda

c) Akbar

d) Aurangzeb

Ans: (b)

6. Foreign Investment policy (FIP) announced in

a) June 1991

b) July 1991

c) July- Aug-1991

d) Aug 1991

Ans: (c)

7. Indian government was introduced ___________ in 1991

a) Globalization

b) World Trade Organisation

c) New Economic Policy

d) none

Ans: (c)

II. Fill in the Blanks

1. A better economy introduce rapid development of the _______________.

Answer: Capital Market

2. WTO agreement came into force from _______________.

Answer: January 1, 1995

3. The term globalization invented by _______________.

Answer: Prof. Theodore Levitt

III. Match the following

Attempt to match the items from Column A with the correct options in Column B.

1. Multination corporation in India

2. MNC

3. GATT

4. 8th Uruguay Round

5. WTO

a. 1947

b. enforce international trade

c. Minimize cost of production

d. Infosys

e. 1986

Answers

1. Multination corporation in India - Infosys

2. MNC - Minimize cost of production

3. GATT - 1947

4. 8th Uruguay Round - 1986

5. WTO - enforce international trade