Globalization and Trade Book Back Questions 10th Social Science Lesson 24
10th Social Science Lesson 24
24] Globalization and Trade
Book Back Questions with Answer and Do You Know Box Content
Do You Know?
Top 10 Largest Multinational Companies in India 2018: Sony Corporation – Nettle; Hew left Packard (HP) – Procter & Gamble; Tata Group – City Group; Microsoft Corporation – Pepsi Company; IBM – The Coca-cola Company.
FERA (Foreign Exchange Regulation Act 1974): This Act referred directly to the operations of MNCs in India.
FEMA (Foreign Exchange Management Act 1999): Under FEMA the emphasis is a “Management” rather than “regulation”.
Rounds of GATT: First in Geneva (Sweitzerland) (1947) ; Second in Annecy (France) in 1949; Third in Torquay (UK) in 1950-51; Fourth, fifth, and sixth in Geneva (Switzerland) in 1956, 1960-61, 1964-67; Seventh in Tokyo (Japan) in 1973-79; Eighth and final round at Punta del Este (Uruguay) in 1986-1994, known as “Uruguay Round”.
World Trade Organization (WTO): Head quarter – Geneva, Switzerland; Purpose – Regulation, International trade; Members of WTO – Director General, Four Deputy Director General, and other 600 Official Staff from around 80 member countries.
Choose the best answers:
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
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
3. GATT’s first round held in
(a) Tokyo
(b) Uruguay
(c) Torquay
(d) Geneva
4. India signed the Dunket proposal in
(a) 1984
(b) 1976
(c) 1950
(d) 1994
5. Who granted the English “Golden Fireman” in 1632?
(a) Jahangir
(b) Sultan of Golconda
(c) Akbar
(d) Aurangzeb
6. Foreign Investment Policy (FIP) announced in
(a) June 1991
(b) July 1991
(c) July-Aug 1991
(d) Aug 1991
7. Indian government was introduced ___________ in 1991.
(a) Globalization
(b) World Trade Organisation
(c) New Economic Policy
(d) None
Fill in the blanks:
1. A better economy introduce rapid development of the ___________
2. WTO agreement came into force from _____________
3. The term globalization invented by ____________
Match the following:
1. Multination corporation in India – 1947
2. MNC – Enforce international trade
3. GATT – Minimize cost of production
4. 8th Uruguay Round – Infosis
5. WTO – 1986
Answers:
Choose the best answers:
1. Director General 2. Portuguese, Dutch, English, Danish, French 3. Geneva 4. 1994 5. Sultan of Golconda 6. July- Aug-1991
7. New Economic Policy
Fill in the blanks:
1. Capital market 2. January 1, 1995 3. Prof. Theodore Levitt
Match the following:
1.Multination corporation in India – Minimize cost of production
2.MNC – Infosys
3.GATT – 1947
4.8th Uruguay Round – 1986
5.WTO – Enforce international trade