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WorksheetsThe Making Of A Global World part 5
Total questions: 19
Worksheet time: 10mins
Name
Class
Date
1.
What was the important feature of the US economy in the 1920s ?
a)
Stock Market boost
b)
Agriculture products profit
c)
Mass Production
d)
Profit in Trade
2.
Who adopted the concept of assembly line to manufacture automobiles?
a)
T. Cuppola
b)
Henry Ford
c)
Samuel Morse
d)
Christopher Columbus
3.
What do you mean by tariff?
a)
Tax imposed on a country’s imports
b)
Tax imposed on a country’s exports
c)
Tax imposed on a country’s income
d)
None of the above
4.
What benefits did people get from trade in meat?
a)
Technology promoted better living conditions at home and support for imperialism abroad
b)
Frozen meat transported to Europe reduced the cost of shipping meat and made it affordable for the poor
c)
Reduce the risk of loss as the animal die during shipping.
d)
All of these
5.
In India, indentured labourers were hired under contracts which promised return travel to India after they had worked for ………. years on their employer’s plantation.
a)
ten
b)
three
c)
five
d)
two
6.
What was South America’s El Dorado fabled as in the 17th century?
a)
the trade city
b)
city of gold
c)
C city of merchants
d)
the beautiful city
7.
What do you mean by The ‘Bretton Woods’ twins?
a)
The two international banks
b)
The USA and Soviet Russia
c)
The two MNCs
d)
None of the above
8.
Identify one aim of the post-war international economic system:
a)
To ensure economic stability of underdeveloped countries.
b)
To promote good health for the people of the worl
c)
Promotion of education worldwide.
d)
To preserve economic stability and full employment in the industrial worl
9.
What the economists identify as “flows”?
a)
Trade in goods and migration of people in search of employment.
b)
Economic, social and cultural exchanges
c)
No imports of food
d)
All of the above
10.
Identify three types of movement or ‘flows’ within international economic exchanges in the 19th century?
a)
trade in goods, flow of labour- the migration of people in search of employment, movement of capital for investment
b)
trade in goods, type of transport movement, flow of labour
c)
slave trade, trade in goods, capital investment
d)
trade in goods, type of transport movement, slave trade
11.
Britain had a ‘trade surplus’ with India. Britain used this surplus to balance its trade deficits with other countries – that is, with countries from which Britain was importing
a)
Trade Surplus System
b)
Deficit Balance System
c)
Multilateral Settlement System
d)
Trade Settlement System
12.
Which country has an effective right of veto over key IMF and World Bank decisions?
a)
UK
b)
USA
c)
Japan
d)
Germany
13.
What do you mean by Indentured labour?
a)
Unpaid labour
b)
A bonded labourer, to pay off his passage to a new country or home
c)
A slave brought in a share market
d)
All of the above
14.
What major change occurred for the US after World War I?
a)
US owed money to many countries
b)
The war transformed the US from being an international debtor to an international creditor, as Britain had borrowed a lot of money from the US.
c)
US lost credentials in the world economy
d)
US suffered many losses
15.
Who was the decision making authorities in the IMF and the World Bank?
a)
US’s right to veto over key IMF and World Bank decision
b)
All the member-nations of these two banks
c)
A majority vote by all the nations
d)
All of the above
16.
Name the writer who was a descendant of indentured labour migrants and also got Nobel Prize?
a)
V.S. Naipaul
b)
Shivnarine Chanderpaul
c)
Ramnaresh Sarwan
d)
Ram Narain Tewary
17.
Who discovered the vast continent, later known as America?
a)
Vasco da Gama
b)
Christopher Columbus
c)
V.S. Naipaul
d)
None of these
18.
What do you mean by MNCs?
a)
Western European
b)
Multinational corporations companies
c)
Japanese companies
d)
None of these
19.
What brought many countries back into the fold of the world economy in the 20th century?
a)
World Bank set new policies
b)
revolution of manufacturing for self in Asia
c)
new economic policies in China and the collapse of the Soviet Union and Soviet-style communism
d)
New Land and Industrial policies
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