Globalisation and the Indian Economy
12 solved questions from Class 10 Economics, each with the full working. Tap any question to see the step-by-step solution.
- 1 What is the best definition of “globalisation” as used in economics? easy MCQ 2 marks Definition of globalisation
- 2 India signed the WTO agreement in 1995. Suppose the average tariff on an imported electronic gadget was 30 % before WTO compliance, and after compliance it was reduced to 12 %. If the world price of the gadget is ₹20,000, calculate the amount saved per gadget for an Indian consumer after WTO compliance. Choose the correct answer. hard MCQ 5 marks WTO impact on tariff rates
- 3 During the year 2022‑23, India's export of goods earned ₹21 lakh crore and import of goods cost ₹25 lakh crore. After liberalisation measures in 2024‑25, exports rose by 12 % and imports rose by 8 %. Calculate the change in the current‑account balance (in ₹ lakh crore) due to these changes. medium 3 marks Current‑account impact of globalisation
- 4 What is the primary topic or theoretical principle explored in 'Globalisation and the Indian Economy' (Class 10 ECONOMICS)? medium MCQ Chapter Core Principle
- 5 Which key mechanism or analytical rule is highlighted in 'Globalisation and the Indian Economy'? medium MCQ Key Analytical Mechanism
- 6 The foreign‑direct investment (FDI) inflow into India during FY 2021‑22 was ₹9,00,000 crore. After a set of liberalisation measures, the inflow increased by 25 %. Calculate the total FDI inflow after the increase. medium 2 marks Effect of liberalisation on FDI
- 7 Which of the following is NOT considered a direct benefit of globalisation for Indian consumers? easy MCQ 1 mark Benefits of globalisation
- 8 Explain two impacts of globalisation on Indian agriculture, mentioning one positive effect and one negative effect. medium 3 marks Impact of globalisation on agriculture
- 9 Which of the following is NOT a direct benefit of globalisation for Indian consumers? easy MCQ 1 mark direct benefit of globalisation for consumers
- 10 In 2022-23, India's exports of goods were ₹18 lakh crore and imports of goods were ₹22 lakh crore. After liberalisation measures, exports increased by 12% and imports increased by 7%. Calculate the change in current‑account balance (in ₹ lakh crore) due to these changes. hard 4 marks effect of liberalisation on trade balance
- 11 If India reduces the export duty on textiles from 15% to 10%, and the current export value is ₹12 lakh crore, what is the total value of duty saved per year? easy 1 mark Duty savings due to liberalisation
- 12 Which of the following is NOT a direct benefit of globalisation for Indian farmers? easy MCQ 1 mark Farmers' benefit from globalisation