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.
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