Test Yourself – Class 10 Economics Chapter 4: Globalisation and the Indian Economy | CBSE | GPN

📝 Test Yourself

Global Integration Assessment: Test your understanding of globalisation processes, MNC operations, trade liberalization, WTO functions, and impacts on Indian economy. This evaluation covers both theoretical concepts and practical implications.

📋 Testing Framework

Complete under simulated exam conditions

Focus on distinguishing between different aspects of globalisation

Note key organizations and their functions

Review errors for conceptual clarification

Target: 41+ indicates comprehensive understanding

Globalisation & Economy Test (1 Mark Each)

Question Distribution: 1-15: Globalisation concepts & processes | 16-30: MNCs & production | 31-40: Trade & investment | 41-50: Impacts & responses

1. Globalisation means integrating the economy of a country with the __________ economy.
2. Globalisation is the process of rapid __________ between countries.
3. Until the mid-20th century, production was organized within __________.
4. Large companies which are now called __________ started spreading their operations.
5. MNCs set up production where it is __________ and __________.
6. Foreign investment is investment made by __________.
7. Goods and services are produced globally as a result of __________.
8. Technology, particularly in __________ and __________, has been a major factor driving globalisation.
9. __________ has made faster delivery of goods across long distances possible at lower costs.
10. Information and communication technology has enabled __________ around the world.
11. Liberalisation means removing __________ on foreign trade and investment.
12. Governments use __________ to increase or decrease foreign trade.
13. Tax on imports is an example of a __________ barrier.
14. Governments can also use __________ barriers like quotas.
15. The WTO was established to liberalise __________.
16. MNC stands for __________.
17. MNCs set up offices and factories for production in regions where they can get __________ labour.
18. The money that is spent to buy assets is called __________.
19. Buying up local companies is one way in which MNCs control __________.
20. Large MNCs in developed countries place orders for production with __________ producers.
21. The products are supplied under the __________ of the MNCs.
22. MNCs have tremendous power to determine __________, __________, and __________ for distant producers.
23. MNCs are spreading their production and interacting with local producers in various countries to form a __________.
24. __________ integration results from MNCs spreading their production across countries.
25. Cargill Foods is an MNC which is the largest __________ in America.
26. Ford Motors came to India in __________ and manufactures cars for Indian and export markets.
27. __________ companies provide call centres and other IT enabled services to MNCs.
28. Outsourcing means __________ a business function to an outside supplier.
29. Call centres are concentrated in __________, __________, and __________ in India.
30. The most common route for MNC investments is to buy __________ companies.
31. WTO was started at the initiative of __________ countries.
32. The aim of WTO is to liberalise __________.
33. WTO establishes rules regarding __________ trade.
34. __________ trade allows exchange of goods between countries without barriers.
35. Developed countries have unfairly retained __________ barriers to protect their producers.
36. Developing countries have been forced to remove __________ barriers.
37. __________ has adversely affected the agricultural sector in developing countries.
38. FDI stands for __________.
39. SEZ stands for __________.
40. SEZs are to have world-class facilities like __________, __________, etc.
41. Globalisation has created new opportunities for __________ providing services.
42. Top Indian companies have benefited from increased __________.
43. Some large Indian companies have emerged as __________.
44. New jobs have been created in __________, __________, etc.
45. Globalisation has also led to the destruction of __________ and __________ industries.
46. __________ industries have been hit hard by competition.
47. Employers prefer to employ __________ workers for greater flexibility.
48. Workers' jobs are no longer __________.
49. __________ movements have emerged questioning the benefits of globalisation.
50. The government can play a major role in making globalisation more __________.

📊 Answer Key & Global Analysis

PART A: Concepts (1-15)

1. world
2. integration
3. countries
4. Multinational Corporations
5. cheap, close to markets
6. MNCs
7. globalisation
8. telecommunications, computers
9. Container service
10. connectivity
11. barriers
12. trade barriers
13. trade
14. non-tariff
15. international trade

PART B: MNCs (16-30)

16. Multinational Corporation
17. cheap
18. investment
19. production
20. small
21. brand name
22. price, quality, delivery
23. global network
24. Economic
25. producer of edible oil
26. 1995
27. Indian
28. contracting
29. metros, Bangalore, Hyderabad
30. local

PART C: Trade (31-40)

31. developed
32. international trade
33. international
34. Free
35. trade
36. trade
37. Globalisation
38. Foreign Direct Investment
39. Special Economic Zone
40. electricity, water, roads

PART D: Impacts (41-50)

41. companies
42. competition
43. MNCs
44. IT, call centres
45. small-scale, cottage
46. Small-scale
47. flexible
48. secure
49. Anti-globalisation
50. fair

Score Range	Understanding Level	Focus Areas
46-50	Comprehensive	Policy analysis and contemporary global trends
41-45	Advanced	MNC operations and WTO functions
35-40	Good	Basic concepts and terminology
28-34	Satisfactory	Key terms and simple distinctions
Below 28	Needs Revision	Fundamental globalisation concepts and organizations

🌐 Chapter Preparation Strategy

Concept Mapping: Create diagram showing interconnections between globalisation drivers: technology, trade, investment

Organization Chart: Make table of key organizations (WTO, IMF, World Bank) with establishment years and functions

Case Studies: Note examples of Indian companies that became MNCs and foreign MNCs in India

Impact Analysis: Create pros and cons table of globalisation with specific Indian examples

Current Issues: Link to recent trade agreements, protectionism trends, and digital globalisation

Exam Weightage: This chapter carries 6-8 marks. Expect questions on globalisation drivers, MNC operations, WTO functions, and impact analysis. Value-based questions on fair globalisation are common.