Globalization and Trade

Samacheer Book Back Questions And Answers For Economy Standard 10 Full Book “Globalization and Trade“

I. Choose the correct answer:
1. Who is the head of the World Trade Organization (WTO).
(a) Ministerial conference
(b) Director General
(c) Deputy Director General
(d) None of these

2. How many countries were membership in WTO at present?
(a) 159
(b) 164
(c) 148
(d) 128

3. 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

4. Who first came to India for trading purpose?
(a) Roman Empire
(b) Portuguese
(c) Dutch
(d) Danish

5. When did Portuguese colonize India?
(a) 1600 AD
(b) 1602 AD
(c) 1498 AD
(d) 1616 AD

6. GATT’s first round held in:
(a) Tokyo
(b) Uruguay
(c) Torquay
(d) Geneva

7. India signed the Dunkel proposal in _____
(a) 1984
(b) 1976
(c)1950
(d) 1994

8. Who granted the English “golden Fireman” in 1632?
(a) Jahangir
(b) Sultan of Golconda
(c) Akbar
(d) Aurangzeb

9. Foreign Investment policy (FIP) announced in _____
(a) June 1991
(b) July 1991
(c) July-Aug 1991
(d) Aug 1991

10. Indian government was introduced _____ in 1991.
(a) Globalization
(b) World Trade Organisation
(c) New Economic Policy
(d) none

II. Fill in the Blanks
1. The Dutch captured Pondicherry in _____
2. A better economy introduces rapid development of the _____
3. The East India Company built fortified factory in Madras which known as _____
4. WTO agreement came into force from _____
5. The term globalization invented by _____
6. French East India company established second factory at _____

Answers:
1. 1693
2. Capital market
3. Fort St. George
4. January 1, 1995
5. Prof. Theodore Levitt
6. Pulicut

III. Choose the Correct Statement:
1. The East Indian Company specially to participate in the East Indian Spice Trade and later added cotton, silk, Indigo.
(ii) Merchants of the Dutch East India Company first established at Calicut.
(iii) Nanadesis were a guild of traders at the time of Hoysala Empire
(a) i is correct
(b) ii and iii are correct
(c) i and iii are correct
(d) i, ii and iii are correct

IV. Match the Following:
1. Multination corporation in India    A. 1947
2. MNC                                               B. Enforce international trade
3. GATT                                               C. Minimize cost of production
4. 8th Uruguay Round                        D. Infosys
5. WTO                                                E. 1986

Answers:
1. C
2. D
3. A
4. E
5. B

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