WorksheetsGlobalization and the Indian Economy #34 NCERT X
Total questions: 16
Worksheet time: 8mins
Which of the following are not modern forms of money?
Currency notes
Gold Seals
Metallic coins
None of these
Because money acts as an intermediate in the exchange process, it is also called
value for money
exchange value
a medium of exchange
foreign exchange
In rural areas, farmers takes credit for which main purpose?
Their family expense
Education of their children
Healthcare facilities
Crop production
Direct exchange of goods against goods without use of money is known as_____
money system
debt trap
barter system
fair exchange
Removing restrictions on foreign trade and foreign investment is known as ____
taxation
relaxation
liberalisation
globalization
_________ is not a feature of a MNC.
owning/controlling production in more than one nation.
Employing labor only from its own country
Setting up factories so that they are close to market
Organizing production in complex ways
Till which time period, production was organized within the countries?
Middle of the twentieth century
End of twentieth century
Starting of twentieth century
till nineteenth century
In the earlier times, trade considered of which of the following?
finished goods
Raw materials
food stuffs
All of those
The money spend on buying assets such as land, buildings, machinery etc. is known as
capital
rent
investment
production
A company that owns or control production in more than one country is called
big company
international company
foreign company
Multinational company
The reason due to which multinational companies setup their branches in other countries is
cheap labor and resources
welfare motive
to generate employment
to generate income
Enabling producers of one country to sell their goods in other countries is known as
globalization
trade
foreign trade
international trade
Foreign trade gives more number of choices for
producers
sellors
buyers
government
When did the Bhartiye Government introduced a policy of liberalization known as "New Economic Policy"?
1980
2000
1994
1991
In the competition between Bhartiye and Chinese toys in Indian markets, China proved better because of
low price and variety
good shape
trade relations
high price and quality
To check the free flow of Chinese goods in the Bhartiye markets, what the Bhartiye Government can do?
Ban trade with China
Impose tax on imports
Impose tax on exports
Complain to UNO
