Practice Worksheet

SUB : S.S/10/I
NAME: ________________________ DATE: __________________
……………………………………………………………………………………………………………………………
DEVELOPMENT ( WORKSHEET-1)
ECONOMICS
 MCQS
1. Which is the most common method of measuring economic development?
A. Profit loss
B. Income
C. Sales
D. Import-export
2. What are the developmental goals of landless rural labourers?
A. More days of work and better wages
B. Acquirement of land for self tilling
C. More hours of work
D. Self-reliance
3. What brings about stable income?
A. Better wages
B. Work opportunities
C. Regular work
D. decent price for their crops or other products
4. Besides seeking more income, there is something people resent, what is it?
A. Getting fewer wages for more work
B. Discrimination
C. No work
D. Poverty
5. What is the one factor on which our life depends?
A. employment
B. Security of work
C. Money, or material things that one can buy with it
D. Freedom
6. If women are engaged in paid work, what difference does it make?
A. Their dignity in the household and society decreases
B. No difference
C. No dignity
D. their dignity in the household and society increases
7. What is considered to be one of the most important attributes when we compare countries at the level
of development?
A. Industrial development
B. Resources of the country
C. Income
D. Import-export
8. In World Development Reports, brought out by the World Bank, which criterion is used in classifying
countries?
A. Total income
B. Gross income
C. per capita income
D. Net income
9. Which category does India come under?
A. High-income countries
B. Low middle-income countries
C. Low-income countries
D. High middle-income countries
10. What can money not buy you?
A. Unadulterated medicines
B. Water
C. Pollution-free environment
D. Organic food
11. Why does Kerala have a low Infant Mortality Rate?
A. adequate provision of basic health and educational facilities
B. Suitable climate
C. Pollution Free environment
D. Good water
12. According to the Human Development Report, 2018, United Nations Development Programme which
two countries have a higher Life expectancy at Birth rate than India?
A. Srilanka and Myanmar
B. Pakistan and Nepal
C. Pakistan and Bangladesh
D. Nepal and Bangladesh
13. Where is ground water overuse particularly found?
A. Assam
B. Shillong
C. Punjab
D. Karnataka
14. How can we find out if we are properly nourished?
A. Through good weight and scale
B. Body Mass Index
C. Nutrient table
D. Height and weight table
15. In the comparative data on Haryana, Kerala, and Uttar Pradesh which state has the highest literacy
rate?
A. Haryana
B. Kerala
C. UP
D. All are equal
16. In the data for the Per capita income of Haryana, Kerala, Bihar-which state has the lowest per capita
income?
A. Haryana
B. Kerala
C. Bihar
D. All equal
17. As per the 2011 census, which among the following states has the highest infant mortality rate per 1000
live births?
a) Kerala
b) Bihar
c) Maharashtra
d) All of the above
18. For development, people look at a mix of ______.
a) goals
b) responsibilities
c) accountability
d) none of the above
19. Different persons could have ……….notions of a country’s development.
A. different as well as conflicting
B. Same
C. Indifferent
D. No
20. More income means …………..
A. Average out of needs of people
B. more of all things that human beings need.
C. No effect on the common man
D. More business
21. …………….. is the total income of the country divided by its total population.
A. per capita income
B. Gross income
C. Net income
D. Total income
22. Over the past decade or so, ……………indicators have come to be widely used along with income as a
measure of development.
A. Health and nutrition
B. health and education
C. Child development
D. Human development
23. We can obtain per capita income of a country by calculating:
(a) the total income of a person
(b) by dividing the national income by the total population of a country
(c) the total value of all goods and services
(d) the total exports of the country.
 24. One common development goal among the people is:
(a) family
(b) freedom
(c) income
(d) security
25. Proportion of literate population in the 7 years and above age group is termed as
(a) Education index
(b) Mortality ratio
(c) Literacy rate
(d) Gross enrolment ratio

Answers:
1] B 2] A 3] C 4] B 5] C 6] D 7] C 8] C 9] B 10] C 11] A 12] D 13] C 14] B
15] B 16] B 17] B 18] A 19] A 20] B 21] A 22] A 23] B 24] C 25] C

 Fill in the blanks:

1. _____________ is a comprehensive term which includes increase in real per capita income,
improvement in living standard of people, reduction in poverty, illiteracy, crime rate, etc.
2. _____________ indicates the number of years a new bon is expected to live.
3. The development that should take place without damaging the environment, and development in the
present should not compromise with the needs of the future generations is known as _________ .
4. _____________ means sustained increase in real per capita income that promotes economic welfare by
reducing poverty, unemployment and inequalities in distribution of income.
5. Two important aspects of our lives other than income are _____________ and _____________ .
6. _____________ ensures availability of essential commodities like wheat, rice, sugar, edible oils and
kerosene, etc. to the consumers through a network of outlets or fair price shops.
7. The level of efficiency and productivity is low in a _____________ country.
8. People may have different developmental goals, what is development for one, may even be _______
for the other.
9. The Human Development Report published by UNDP compares countries based on literacy rate, health
status and ___________.
10. Literacy rate in Bihar in the year 2017-18 was _______.

Answers:
1] Development 2] Life Expectancy at birth 3] Sustainable Economic Development
4] Economic Development 5] Equal treatment, freedom 6] Public Distribution System (PDS)
7] Developing 8] Destructive 9] Per-capita income 10] 62%
 Practice Worksheet
SUB : S.S/10/2
NAME: ________________________ DATE: __________________
……………………………………………………………………………………………………………………………
DEVELOPMENT (WORKSHEET-2)
ECONOMICS

 VERY SHORT ANSWER TYPE QUESTIONS :

1. Define the term National Income.

Ans: National income is defined as the total value of all final goods and services produced with a
country plus net income from transactions like (export and import) with other countries.
2. Define GDP.
Ans : GDP or Gross Domestic Product is the total value of all final goods and services produced during a
particular year in a country.
3. What is the main criterion used by the World Bank in classifying different countries?
Ans: The World Bank uses average income or per capita income as a criterion for classifying different
countries.
4. Why is the total income of countries not used to make comparisons between them?
Ans: The total income of countries is not used to make comparisons between them, because the
population of different countries is different and does not give a clear picture if comparisons are made
on this basis.
5. Literacy rate measures the proportion of literate population in which age group?
Ans : The age group of 7 years and above.
6. What is Human Development Index?
Ans : Human Development Index is a composite index of achievements of a nation in terms of three
important variables, namely—longevity, knowledge and standard of living, that determine the quality of
life.
7. What term is used to describe the ‘average number of years a person is expected to live at birth’?
Ans : Life Expectancy
8. What is the advantage of per capita income? Mention any one.
Ans : It helps to compare the development of countries as per capita income tells us whether people in
one country are better off than others in a different country.
9. What do final goods and services mean?
Ans : The various production activities in the primary, secondary and tertiary sector produce large
number of goods and services for consumption and investment are final goods and services.
10. Define : Infant mortality rate
Ans : Infant morality rate indicates the number of children that die before the age of 1 year as a
proportion of 1000 live children born in that particular year.
11. Why is sustainable development essential? Give one reason.
Ans: Sustained development aims at economic development without damaging the environment and at
the same time conserving for the future. Resources are to be used in such a way that they are not
overexploited.
12. Why is per capita income of different countries calculated in dollars and not in their own currencies by
the World Bank?
Ans : Per capita income of different countries is calculated in dollars and not in their own currencies
because the dollar has been the strongest and stable currency since the end of the 2nd World War and
it becomes easy to compare the per capita incomes of various countries when these are converted into
a common currency, i.e., US dollar ($).
13. “What may be development for one may not be development for the other.” Explain with a suitable
example.
Ans: Different persons have different notions of development because life situations of persons are
different. For example, Construction of dams leads to generation of hydroelectricity, thus development.
However many people have to be displaced from their villages, hence it may not be development for
them.
14. What are some of the public facilities in India?
Ans : Some of the public facilities in India are: schools, healthcare, colleges, electricity, sanitation, public
transport, safe drinking water, etc.
15. Mention any two developmental goals of a girl.
Ans :: (i) Gender equality
(ii) Girls empowerment
16. What is average income or per capita income?
Ans: When the total national income is divided by the total population, it is called the per capita
income.
Per Capita Income = National Income / Population
17. What is Net Attendance ratio?
Ans : It is the total number of children of the age group 6-10, attending school as a percentage of total
number of children in the same age group.
18. What are the three components of human Development Index?
Ans : (i) Per Capita Income
(ii) Life Expectancy
(iii) Literacy Rate
19. Define literacy Rate.
Ans : Literacy Rate measures the proportion of literate population in 7-and-above age group.
20. What is Net Attendance Ratio?
Ans: Net Attendance Ration is the total number of children of age group 14 and 15 years attending
school as a percentage of total number of children in the same age group.
 Practice Worksheet
SUB : S.S/10/3
NAME: ________________________ DATE: __________________
……………………………………………………………………………………………………………………………
DEVELOPMENT (WORKSHEET – 3)
ECONOMICS

 SHORT ANSWER TYPE QUESTIONS:

1. What is per capita income? Mention any two limitations of per capita income as an indicator of
development.
Answer: The total income of a country divided by its total population gives the Per Capita Income.
Money cannot buy all the goods and services that are needed to live well. So income by itself is not a
completely adequate indicator of material goods and services that citizens are able to use. For example,
money cannot buy a pollution-free environment or ensure that one gets unadulterated medicines,
unless one can afford to shift to a community that already has all these things.

2. Conflicting goals can also be developmental goals’. Elaborate with examples.

Answer: All persons do not have the same notion of development or progress. Each one of them seeks
different things. The seek things that are most important for them, i.e., that which can fulfill their
aspirations or desires. In fact at times two persons or groups of persons may seek things which are
conflicting.
A girl expects as much freedom and opportunity as her brother and that he also shares in the household
work. Her brother may not like this.
To get more electricity, industrialists may want more dams. But this may submerge the land and disrupt
the lives of people who are displaced, such as tribals. They might resent this and may prefer small check
dams or tanks to irrigate their land.

3. Money cannot buy all the goods and services that one needs to live well” Do you agree with this
statement? Justify your answer with any three suitable arguments.
Answer: Yes, I agree with the statement because money income and material goods alone are not an
adequate indicator of a good quality of life. Money cannot buy all the goods and services one needs to
live well.
 Money cannot buy a pollution free and clean environment with fresh air.
 It cannot protect us from infectious diseases and guarantee good health for us.
 Money cannot assure that medicines available in the market are not adulterated.
 To live well one needs non-material factors such as equal treatment, freedom, security, equal
opportunity to learn, a pollution free environment, good and safe working conditions etc.

4. Apart from income, which other six things people look for as important aspects of our lives?
Answer: High per capita income is not the only attribute to a good quality life. Money cannot buy all the
essential things required for a good life. Pollution-free atmosphere to ensure good health, protection
from infectious diseases, lowering of mortality rate, promotion of literacy, job security, good working
conditions, etc. are essential for a good standard of living.
5. Why do people look at a mix of goals for development? Explain.
Answer: Though income is one of the most important components of development, but there are other
important goals which people look at for development—
 People also seek things like equal treatment, freedom, security and respect.
 Women need a safe and secure environment to take up a variety of jobs or to run businesses as
entrepreneurs.
 People seek a pollution free environment.
 Students seek better education and equal opportunities to learn.

6. Write the importance of human development index in three points.

Answer : Human Development Index is published by the UNDP.
 It indicates the level of development of a country.
 The report provide information about the different welfare elements such as education levels, health
status and literacy level of a country.
 It also provides information about the per capita income of a country.

7. Describe any three features of developed country.

Answer :
 As per the World Bank Report 2016, any country with per capita income of US dollar 12,236 per annum
and above is termed as rich or developed country.
 Such countries have high literacy rate.
 Most of the people of these countries are engaged in service sector.

8. Why is literacy essential for economic development? Explain.

Answer: Literacy is essential for economic development due to the following reasons:
 An educated person is more successful in his life.
 Education enhances the total productivity of a person.
 An educated person can earn more than the literate persons.
 An educated person can use science and technology and help in the progress of the country.

9. In Tamil Nadu, 75% of the people living in rural areas use in ration shop, whereas in Jharkhand only 8%
of rural people do so. Where would people be better off and why?
Answer : The people in Tamil Nadu would be better because they buy grains and other articles from the
ration shops at lesser price than that of the market. Generally, all essential commodities like wheat,
rice, sugar etc. are available at ration shops. These shops enable the poor to get goods even during the
time of scarcity. The Public Distribution System or ration shops make food available to the poor at
affordable prices. In Tamil Nadu, fair price shops are being run by the cooperative societies for the
benefit of the poor.

10. Conflicting goals can also be developmental goals’. Elaborate with examples.
Answer : All persons do not have the same notion of development or progress. Each one of them seeks
different things. The seek things that are most important for them, i.e., that which can fulfil their
aspirations or desires. In fact at times two persons or groups of persons may seek things which are
conflicting.
 A girl expects as much freedom and opportunity as her brother and that he also shares in the household
work. Her brother may not like this.
To get more electricity, industrialists may want more dams. But this may submerge the land and disrupt
the lives of people who are displaced, such as tribals. They might resent this and may prefer small check
dams or tanks to irrigate their land.

11. What is national development? What are the aspects covered under the national development?
Answer: National development is a comprehensive term which includes improvement in living standard
of the people, increase in per capita income, providing social amenities like education, medical care,
social services, etc. to the citizens of the country.
(I) Under national development, a country uses its resources in a fair and just way.
(ii) Under this only those programs and policies are implemented which would benefit a large number
of people.
(iii) Under national development, countries focus more on social infrastructure which includes
education, health and other social services.

12. What is PCI? Where it is used?

Answer: PCI is Per Capita Income. It is calculated by dividing the National Income of the country by
population.
Uses:
(i) It is used to compare different countries.
(ii) The World Bank has divided the countries into rich or low income countries on the basis of per
Capita income.
 Practice Worksheet
SUB : S.S/10/4
NAME: ________________________ DATE: __________________
……………………………………………………………………………………………………………………………
DEVELOPMENT (WORKSHEET – 4)
ECONOMICS

 ASSERTION – REASON BASED QUESTIONS:

Directions:- In the following questions, the Assertions (A) and Reason(s) (R) have been put forward.
Read both statements carefully and choose the correct answer from the below:

1. Assertion (A) : Different people have different developmental goals.

Reason (R) : The capitalist approach to development is detrimental to poor section of the society.
(A) If both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of
Assertion (A).
(B) If both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of
Assertion (A)
(C) Assertion (A) is true but Reason (R) is false.
(D) Both Assertion (A) and Reason (R) are false.

2. Assertion (A): Sustainable development is essential for economic growth of the country.
Reason (R): Sustainable development ensures that environment friendly measures are adopted for
carrying out production processes.
(A) If both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of
Assertion (A).
(B) If both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of
Assertion (A)
(C) Assertion (A) is true but Reason (R) is false.
(D) Both Assertion (A) and Reason (R) are false.

3. Assertion (A): A high average income is not indicative of the overall well-being or human
development in a country.
Reason (R): Average income does not cover indicators like level of literacy rate, health facilities and
public facilities in a country.
(A) If both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of
Assertion (A).
(B) If both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of
Assertion (A)
(C) Assertion (A) is true but Reason (R) is false.
(D) Both Assertion (A) and Reason (R) are false.
4. Assertion (A): Kerala has a low infant mortality rate.
Reason (R): Kerala lacks the provision of basic health and educational facilities.
(A) If both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of
Assertion (A).
(B) If both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of
Assertion (A)
(C) Assertion (A) is true but Reason (R) is false.
(D) Both Assertion (A) and Reason (R) are false.

5. Assertion (A): Different persons have different notions of development.

Reason (R): Each person seeks similar things. All persons seek things that are least important
for them.
(A) If both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of
Assertion (A).
(B) If both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of
Assertion (A)
(C) Assertion (A) is true but Reason (R) is false.
(D) Both Assertion (A) and Reason (R) are false.

Answers: 1] (B) If both Assertion (A) and Reason (R) are true but Reason (R) is not the correct
explanation of
Assertion (A)
2] (A) If both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of
Assertion (A).
3] (A) If both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of
Assertion (A).
4] (C) Assertion (A) is true but Reason (R) is false.
5] (C) Assertion (A) is true but Reason (R) is false.
 Practice Worksheet
SUB : S.S/10/5
NAME: ________________________ DATE: __________________
……………………………………………………………………………………………………………………………
DEVELOPMENT (WORKSHEET-5)
ECONOMICS

 CASE BASED STUDY QUESTIONS:

PASSAGE – 1
Read the extract given below and answer the questions that follow:
Besides seeking more income, one way or the other, people also seek things like equal treatment,
freedom, security, and respect of others. They resent discrimination. All of these are important goals. In
fact, in some cases, these may be more important than more income or more consumption because
material goods are not all that you need to live. Money, or material things that one can buy with it, is
one factor on which our life depends. But the quality of our life also depends on non-material things.
Consider an example: If you get a job in a far-off place, before accepting it you would try to consider
many factors, apart from income, such as facilities for your family, working atmosphere, or opportunity
to learn. In another case, a job may give you less pay but may offer regular employment that enhances
your sense of security. Another job, however, may offer high pay but no job security and also leave no
time for your family. This will reduce your sense of security and freedom. Similarly, for development,
people look at a mix of goals. It is true that if women are engaged in paid work, their dignity in the
household and society increases. However, it is also the case that if there is respect for women there
would be more sharing of housework and a greater acceptance of women working outside. A safe and
secure environment may allow more women to take up a variety of jobs or run a business. Hence, the
developmental goals that people have are not only about better income but also about other important
things in life.

Answer the following MCQs by choosing the most appropriate option:

1. Gaurav currently residing in Surat applied for a job in an educational learning hub “myCBSEguide”
located in Delhi. He got selected in an interview. The company offered him a handsome salary.
However, Gaurav is confused. Apart from salary, what other goals he should keep in mind while taking
up a new job?
A] Opportunity to learn
B] Working atmosphere
C] Job security
D] All of the above

2. The approach of living a life in bungalows, with costly cars, bikes and international tours is ________ life.
A] Materialistic
B] Social
C] Boasted
D] Both a and c
3. “Women, who are engaged in paid jobs are an example of persons who fulfil a mix of goals.” Which of the
following statement is incorrect with the given statement?
A] A secure environment may allow more women to take up a variety of jobs or run a business.
B] If there is respect for women, there would be greater acceptance of women working outside.
C] If women are engaged in paid work, their dignity in the household and society decreases.
D] All are correct

4. “Besides seeking more income, people also seek things like equal treatment, freedom, security and respect of
others”. What does the given statement signify?
A] Mixed goals are important for people for development.
B] Common goals are important for people for development.
C] Conflicting goals are important for people for development.
D] Similar goals are important for people for development.

Answers:
1. (d) All of the above
2. (a) Materialistic
3. (c) If women are engaged in paid work, their dignity in the household and society decreases.
4. (a) Mixed goals are important for people for development.

PASSAGE-2

Once it is realized that even though the level of income is important, yet it is an inadequate measure of
the level of development, we begin to think of other criterion. There could be a long list of such
criterion but then it would not be so useful. What we need is a small number of the most important
things. Health and education indicators, such as the ones we used in comparison of Kerala and Haryana,
are among them. Over the past decade or so, health and education indicators have come to be widely
used along with income as a measure of development. For instance, Human Development Report
published by UNDP compares countries based on the educational levels of the people, their health
status and per capita income. It would be interesting to look at certain relevant data regarding India and
its neighbours from Human Development Report 2020.

Answer the following MCQS by choosing the most appropriate option.

1. The Human Development Report compares countries on the basis of:
a) The educational levels of the people
b) Health status of the people
c) Per capita income of the people
d) All the above factors
2. Which one of the following criteria is the basis to measure the development of a country according to
UNDP?
a) Per capita income
b) Educational levels of the people
c) Health status of the people
d) All the above
3. HDI stands for ---
a) Heavy Developed Industry
b) Human Development Index
c) Heavy Developed Infrastructure
d) Heavy Industries Development
4. Which organization publishes the Human Development Report:
a) UNDP
b) WHO
c) WTO
d) IMF

Answers: 1] D 2] D 3] B 4]

 Data Analysis Questions:

Read the given data and find out which country has most equitable distribution of income:

Countries Monthly income of citizens in four countries in 2019

Citizen I Citizen II Citizen III Citizen IV Citizen V Average
Country A 11500 12000 10200 13000 12000 11740
Country B 700 6000 600 500 600 1680
Country C 500 10000 500 6500 3000 4100
Country D 900 4900 600 4000 670 2214

A] Country A
B] Country B
C] Country C
D] Country D

Read the given data and find out which country has most equitable distribution of income:

Countries Monthly income of citizens in four countries in 2015

Citizen I Citizen II Citizen III Citizen IV Citizen V Average
Country A 5500 6000 2000 1000 2000 3300
Country B 700 6000 600 500 600 1680
Country C 10500 11000 12500 9500 7000 10100
Country D 900 4900 600 4000 670 2214

A] Country A
B] Country B
C] Country C
D] Country D

Answers: 1] a 2] c
 Practice Worksheet
SUB : S.S/10/1
NAME: ________________________ DATE: __________________
……………………………………………………………………………………………………………………………
GLOBALISATION AND INDIAN ECONOMY (worksheet-1)
ECONOMICS

 MCQS
1. Entry of MNCs in a domestic market may prove harmful for
A] All large scale producers
B] All domestic producers
C] All sub- standard domestic producers
D] All small-scale producers

2. What is the integration between countries through foreign trade and foreign investments by MNCs?
A] International Trade
B] Globalisation
C] International Investment
D] World Trade

3. What is a multinational corporation- MNC?

A] A corporation that does international trade
B] Manufactures goods for other countries
C] A company that owns or controls production in more than one nation
D] None of the above

4. Globalisation, by connecting countries, shall result in _______________ .

A] Lesser competition among producers.
B] Greater competition among producers.
C] No change in competition among producers.
D] None of the above

5. What has been one major factor that has stimulated the globalization process?
A] Availability of cheap labour in developing countries
B] Availability of unexploited resources in developing countries
C] Some countries are good in the landscape for natural resources
D] Rapid improvement in technology

6. Goods are placed in ________________ that can be loaded intact onto ships, railways, planes and trucks.
A] Vessels
B] Containers
C] Receptacles
D] Tanks
7. What is used to contact one another around the world, to access information instantly and to
communicate from remote areas?
A] Mail and telephone
B] Information Technology
C] Telecommunication
D] B & C

8. Removing barriers or restrictions set by the government is what is known as_________.

A] Globalization
B] Liberalization
C] Regeneration
D] Expansion

9. The major benefit of globalisation is

A] Increased competition among domestic firms
B] Increased opportunities for foreign investment
C] Increased exploitation of resources
D] Increased unemployment

10. The Indian government adopted the policy of economic liberalisation in which year?
A] 1975
B] 1980
C] 1991
D] 2000

11. Which of the following is not a feature of globalisation?

A] Free flow of goods and services across borders
B] Integration of financial markets
C] Protectionism in trade policies
D] Increased movement of people across borders

12. Which sector in India has benefitted the most from globalisation?
A] Agriculture
B] Manufacturing
C] Services
D] All sectors have benefitted equally

13. Which of the following is not a characteristic of the information technology industry?
A] High labour intensity
B] High capital intensity
C] Low energy intensity
D] High research and development intensity
14. Rapid integration or interconnection between countries is known as :
A] Privatization
B] Globalization
C] Liberalization
D] Socialization

15. In which of the following ways has ‘information and communication technology’ stimulated the
globalization process the most?
A] Access foods across countries
B] Access raw material across countries
C] Access services across countries
D] Access information instantly across countries

ANSWERS:
1] C 2] B 3] C 4] B 5] D 6] B 7] D 8] B 9] B 10] C 11] C 12] C
13] A 14] B 15] C
 Practice Worksheet
SUB : S.S/10/2
NAME: ________________________ DATE: __________________
……………………………………………………………………………………………………………………………
GLOBALISATION AND THE INDIAN ECONOMY (WORKSHEET-2)
ECONOMICS

 VERY SHORT ANSWER TYPE QUESTIONS :

1. What is Globalisation?
Ans. Globalisation is the process of rapid integration or interconnection between countries. The
countries are connected by movements of goods, services, investments and technology.

2. What is a trade barrier?

Ans. Restriction on foreign trade are called trade barrier. For example tax on imports is a trade barrier.

3. How information and communication technology is useful in foreign trade?

Ans. Telecommunication facilities – telegraph, telephone including mobile phones, fax etc. are used to
contact one another around the world, to access information instantly and to communicate from
remote areas.

4. Why had the Indian government after independence put barriers to foreign trade and foreign
investment?
Ans. The Indian government put barriers to protect the producers within the country from foreign
competition. Industries were just coming up and the competition from the imports would not allow
the Indian industries to come up.

5. What is liberalization?
Ans. Removing barriers or restrictions set by the government is known as liberalization.

6. What do you understand by the term ‘Investment’?

Ans. The money that is spent to buy assets such as land, buildings, machines and other equipment is
called ‘Investment’ which would later fetch them profits.

7. Explain the role of MNCs in globalisation.

Ans. MNCs are playing a major role in the globalisation process. More and more goods and services,
investment and technology are moving between countries.

8. How does liberalisation policy help in trade?

Ans. With liberalisation of trade, businesses are allowed to make decisions freely about what they
wish to import or export. The government imposes much less restrictions than before and is,
therefore, said to be more liberal.
 Practice Worksheet
SUB : S. S/10/3
NAME: ________________________ DATE: __________________
……………………………………………………………………………………………………………………………
GLOBALISATION AND THE INDIAN ECONOMY (WORKSHEET-3)
ECONOMICS

 SHORT ANSWER TYPE QUESTIONS:

1. Explain the advantages of globalization.

Ans. Under this process, goods and services along with capital, resources and technology can move freely
from one nation to another.
 It has increased the movement of people between countries. People usually move from one country
to another in search of better income, better jobs or better education. Earlier the movement of
people between countries was less due to various restrictions.
 Rapid improvement in technology has been one major factor that has stimulated the globalization
process. For instance, advancement in transportation technology has made much faster delivery of
goods across long distances possible at lower costs. Container services have led to huge reduction in
port handling costs. The cost of air transport has fallen which has enabled much greater volumes of
goods being transported by airlines.
 Developments in information and communication technology (IT in short) has brought a revolution
in telecommunications. It has made e-banking, e-commerce, e-leaming, e-mail and e-governance a
reality.
 Globalization has resulted in greater competition among producers and has been of advantage to
consumers, particularly the well-off section. Rich people now enjoy improved quality and lower
prices for several products.

2. What is a trade barrier? Why did the Indian Government put up trade barriers after Independence?
Explain.
Ans. The restrictions set by the Government to regulate foreign trade are called trade barriers. Tax on
imports is an example of a trade barrier.

The Indian Government had put barriers to foreign trade and foreign investment after independence to
protect the domestic producers from foreign competition. Imports at that stage would not have
allowed local industries to come up. India allowed imports of only essential items such as machinery,
fertilizers, petroleum, etc.

3. How are local companies benefitted by collaborating with multinational companies? Explain with
examples.

Ans. First, the MNCs provide money for additional investments for faster production.

 Second, MNCs bring with them the latest technology for enhancing and improving the
production.
 Some Indian companies have gained from successful collaborations with foreign companies.
 Globalization has enabled some companies to emerge as multinationals.
  Parakh Foods was a small company which has been bought over by a large American Company
— Cargill Foods. Parakh foods had built a large marketing network in various parts of India as a
well- reputed brand. Parakh Foods had four oil refineries whose control has now shifted to
Cargill. Cargill is now the largest manufacturer of edible oil in India.

4. ‘Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991’.
Justify the statement.

Ans. Removing barriers or restrictions set by the government on foreign trade and foreign investment is
which is known as liberalization. The Indian Government removed these barriers because:

 Liberalization of trade and investment policies allows Indian producers to compete with
producers around the globe leading to an improvement in performance and quality of products.
 After the barriers on foreign trade and foreign investment were removed to a large extent,
goods could be imported and exported easily and also foreign companies could set up factories
and offices in India. This has led to an increase in trade with different countries.
 Businesses are allowed to make decisions freely about what they wish to import or export due
to the liberal policies of the government.
 Doors of investment opened up for MNCs. They have been investing large sums of money in
India and have been seeking to earn large profits.

5. In spite of Globalization, creating good quality products and expanding market, how is it affecting
the stability in jobs for the workers?

Ans. Employment of ‘flexible workers’.

 Increased competition, objective to lower costs, the axe falls on the ‘labour costs’—temporary
jobs given.
 Longer working hours for labour to get suitable salaries.
 Practice Worksheet
SUB : S.S/10/4
NAME: ________________________ DATE: __________________
……………………………………………………………………………………………………………………………
GLOBALISATION AND INDIAN ECONOMY (WORKSHEET-4)
ECONOMICS

 ASSERTION- REASON BASED QUESTIONS:

Directions:- In the following questions, the Assertions (A) and Reason(s) (R) have been put forward. Read
statements carefully and choose the correct answer from the below:

(A) Both A and R are true, R is the correct explanation of A.

(B) Both A and R are true, But R is not the correct explanation of A.
(C) A is true , R is false.
(D) A is false , R is true

1. ASSERTION (A):-Globalisation is related with only two countries.

REASON (R):- MNCs play major role in globalization.

(A) Both A and R are true, R is the correct explanation of A.

(B) Both A and R are true, But R is not the correct explanation of A.
(C) A is true , R is false.
(D) A is false , R is true

2. ASSERTION (A):- Investment made by MNCs is called foreign investment.

REASON (R):- They need land buildings ,machines and other equipments from that nation.

(A) Both A and R are true, R is the correct explanation of A.

(B) Both A and R are true, But R is not the correct explanation of A.
(C) A is true , R is false.
(D) A is false , R is true

3. ASSERTION (A):- Rapid improvement in technology has been one major factor that has stimulated
the globalization process.
REASON (R):- Developing countries are likely to become at par with developed countries in terms of
technological development due to globalization.

(A) Both A and R are true, R is the correct explanation of A.

(B) Both A and R are true, But R is not the correct explanation of A.
(C) A is true , R is false.
(D) A is false , R is true
4. ASSERTION (A):- Foreign trade and foreign investment are two main factors of Globalisation.
REASON (R) :- They are not playing any role in international market.

(A) Both A and R are true, R is the correct explanation of A.

(B) Both A and R are true, But R is not the correct explanation of A.
(C) A is true , R is false.
(D) A is false , R is true

5. ASSERTION (A):- Globalisation leads to increased competition in international and domestic market.
REASON (R):-Globalisation also makes the consumer better off as they have a wider variety of goods
to choose at lower prices.

(A) Both A and R are true, R is the correct explanation of A.

(B) Both A and R are true, But R is not the correct explanation of A.
(C) A is true , R is false.
(D) A is false , R is true

ANSWERS:
1] D 2] A 3] A 4] C 5] A
 Practice Worksheet
SUB : S.S/10/5
NAME: ________________________ DATE: __________________
……………………………………………………………………………………………………………………………
GLOBALISATION AND THE INDIAN ECONOMY (WORKSHEET-5)
ECONOMICS

 CASE- BASED QUESTIONS:

Globalisation is the process of rapid integration of countries. This is happening through greater foreign
trade and foreign investment. MNCs are playing a major role in the globalization process. More and more
MNCs are looking for locations around the world that are cheap for their production. As a result,
production is being organised in complex ways. Technology, particularly IT, has played a big role in
organizing production across countries. In addition, liberalisation of trade and SUMMING UP investment
has facilitated globalisation by removing barriers to trade and investment. At the inter-national level, WTO
has put pressure on developing countries to liberalise trade and investment. While globalization has
benefited well-off consumers and also producers with skill, education and wealth, many small producers
and workers have suffered as a result of the rising competition. Fair globalization would create
opportunities for all, and also ensure that the benefits glolisation are shared better.

QUESTIONS:

1. What are the benefits of goods or products produced by the MNCs?

2. Give two examples of Indian Companies which have emerged as Multinational Companies which have
emerged as Multinational Companies.

3. Which industries have been hit hard by the competition?

ANSWERS:

1. The goods or products produced by the MNCs have a large number of well-off buyers. In MNCs , new
jobs have been created. Also, local companies supplying raw materials etc. to these industries have
prospered.

2. Infosys (IT) and Tata Motors (automobiles)

3. Industries which have been hit hard by the competition are small-scale industries.