10th Social Science Book Back Answers Economics Unit 2: Globalization and Trade

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Samacheer Kalvi 10th Social Science Book Back Answers Economics Unit 2: Globalization and Trade

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10th Social Science – Economics

Unit 2: Globalization and Trade

I. Choose the Correct Answer:

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
Ans: b) Director General

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
Ans: a) Portuguese, Dutch, English, Danish, French

3. GATT‟s first round held in
a) Tokyo b) Uruguay
c) Torquay d) Geneva
Ans: d) Geneva

4. India signed the Dunket proposal in
a) 1984 b) 1976
c) 1950 d) 1994
Ans: d) 1994

5. who granted the English “golden Fireman” in 1632?
a) Jahangir b) Sultan of Golconda
c) Akbar d) Aurangzeb
Ans: b) Sultan of Golconda

6. Foreign Investment policy (FIP) announced in
a) June 1991 b) July 1991
c) July- Aug-1991 d) Aug 1991
Ans: c) July-Aug. 1991

II. Fill in the blanks:

1. A better economy introduces rapid development of the _______.
Ans: Nation.

2. WTO agreement came into force from _________.
Ans: January 1, 1995

3. The term globalization was invented by _________.
Ans: Pro. Theodore Levitt

III. 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) Infosis
5. WTO                             – e) 1986

Ans: 1. d; 2. c; 3. a; 4. e; 5. b

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