Class - X
Economics
Chapter - 4
Globalization in the Indian
Economy
Practice Worksheet
Ques.1. Tick the correct option.
(i) Globalization, by connecting
countries shall result in
a) Lesser competition among
producers.
b) No change in competition
among producers.
c) Greater competition among producers. .
(ii) WTO was started with the aim
to
a) Liberalized
international trade.
b) Restrict international
trade.
c) Increase competition among countries.
(iii) The most common route for
investment by MNC’s in countries around the world is to
a) Set up new factories.
b) Form partnership with local
companies.
c)
Buy existing local companies.
Ques.2. Fill in the blanks.
a) Any investment is made with the hope that these assets will earn
__________.
b) Foreign trade results in _____________________ of markets across
countries.
c) Rapid improvement in technology has stimulated _________________
process.
d) Removing barriers said by the government is known as __________________.
e) In the recent past, Globalization has seen rapid movements in
___________, ___________, ___________, ___________ and ___________ between
countries.
f) A tax on imports is a ________________________ (tariff
barrier/non-tariff barrier)
Ques.3. Answer the following questions.
a) What do you mean by the
term Globalization?
___________________________________________________________________
___________________________________________________________________
b) Differentiate between FDI and FII.
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
c) State the ‘3D’ policy of Modi Government to
attract foreign investment in India under the ‘Make in India’ Campaign.
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
e) How does foreign trade affect the
following:
(i) Local
producers
(ii) Local consumers
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
f) Mention the different routes in which MNCs setup business in
other countries?
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
g) Why were restrictions removed
in 1991 in India?
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
21. Explain the factors that have enabled Globalization.
27. Discuss the positive and negative impact of Globalization in
India.
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