Worksheet No.

(1)

Class: X ( A, B , C)

Economics: Understanding Economic Development

Student Name: ______________ Date:
Topic: Chapter 4 - Globalization and Indian Economy
Q1 Globalization has led to improvement in living conditions:
a) all the people
b) people in the developed countries
c) workers in the developing countries
d) none of the above
Q2: Globalization has resulted in the growth of …
a) Telecommunications services
b) Outsourcing by MNC’s
c) Transportation Services
d) Communication Services
Q3: inadequate investment in infrastructure and cheaper imports have resulted in
a) Slowdown of industrial sector
b) Slowdown of agriculture sector
c) Domestic production have slowed down
d) All of the above
Q4: Liberalization refers to
a) Opening up the economy
b) Lesser restrictions
c) Lesser control over decision making
d) All of the above
Q5: A company that operates in more than one country
a) Partnership Firm
b) Corporation
c) Foreign company
d) Multinational company
Q6: Which one of the following contributes to globalization
a) Internal Trade
b) External Trade
c) Large scale Trade
d) Small scale Trade
Q7: Which one of the following is not true for world Trade organization (WTO)
a) It aims at liberalization international trade
b) It allows free trade to all countries without any trade barriers
c) It Establishes rules regarding international trade
d) It forces developing countries to remove trade barriers
Q8: Entry of MNC’s are harmful for domestic market for ..
a) All large scale producers
b) All domestic producers
c) All small scale producers
d) All substandard domestic producers
Q9: Differentiate between Foreign trade and Foreign Investments
Q10: What are benefits of Globalization
Q11: Explain the role of MNC’S in globalization process.
Q12: Why it is necessary to remove trade barriers for Economic Growth of an Economy.

Sarvottam International School / 2023-24 1|

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