10th Social Science Units-02 Economics Creative One Mark Question and Answers Part-01
10th Social Science Units-02 Economics Creative One Mark Question and Answers Part-01
01...................... were channels through which Indian culture was exported to other lands.
a) Globalization
b) Multinational trade
c) Trade guilds
d) None of the above
Correct answer
Trade guilds
02.The Portuguese under ..................... landed at Calicut of May 1498.
a) Megallan
b) Vasco da gama
c) Admiral van der Hagen
d) Queen Elizabeth
Correct answer
Vasco da gama
03.Match the following.
a) Fair Trade -23 countries
b) GATT - 2011
c) WTO - 2010
d) Foreign Contribution Act - Small farmers
e) Foreign Contribution Rule -164 countries
Correct answers
a) Fair Trade - Small farmers
b) GATT -23 countries
c) WTO -164 countries
d) Foreign Contribution Act - 2010
e) Foreign Contribution Rule - 2011
04.(1) The East Indian Company specially to participate in the East Indian Spice Trade and later added cotton, silk, Indigo. ---
(2) Merchants of the Dutch East India Company first established at Cali cut. ---
(3) Nanadesis were a guild of traders at the time of Hoysala Empire.
a) 1 is correct
b) 2 and 3 are correct
c) 1 and 3 are correct
d) 1,2 and 3 are correct
Correct answer
1 and 3 are correct
05.The south Indian Trade was dominated by the ........................
a) Cholas
b) Cheras
c) Pandyas
d) Pallavas
Correct answer
Cholas
06.South Indian Trade was replaced by the _____
a) Pallavas
b) Pandiyas
c) Cholas
Correct answer
Pallavas
07.Match the following.
a) Multi nation corporation in India - 1947
b) MNC - Enforce international trade
c) GATT - Minimize cost of production
d) 8th Uruguay Round - Infosys
e) WTO -1986
Correct answers
a) Multi nation corporation in India - Infosys
b) MNC - Minimize cost of production
c) GATT
d) 8th Uruguay Round
e) WTO
08.Stage 3 of globalization is called ..................... globalization.
a) Archaic
b) Proto
c) Modern
d) Ancient
Correct answer
Modern
09....................... is the integration of a country with world economy.
a) Liberalization
b) Privatization
c) Globalization
d) Commercialization
Correct answer
Globalization
10.The first French factory in India was established in 1668 by obtaining permission from the ____
a) King of Chandragiri
b) Sultan of Golconda
c) King Samarin
Correct answer
Sultan of Golconda
11.GATT and WTO are ................. trade contracts.
a) National
b) Multinational
c) Local
d) Southern
Correct answer
Multinational
12.The Head Quarters of WTO
a) Geneva
b) Tokyo
c) Annecy
Correct answer
Geneva
13.Match the following.
a) Nakaras - Multinational trade
b) GATT - Golden fireman
c) Danish - Modern Orissa
d) Kalinaga Traders - Temple premises
e) Sultan of Golconda - Tranguebar
Correct answers
a) Nakaras - Temple premises
b) GATT - Multinational trade
c) Danish - Tranguebar
d) Kalinaga Traders - Modern Orissa
e) Sultan of Golconda - Golden fireman
14.Nakaras and Gavaras were trade guilds which met at ...................
a) Markets
b) Business hubs
c) Temple premises
d) Mosques
Correct answer
Temple premises
15._____ Act referred directly to the operations of MNCs in India.
a) Foreign Exchange Regulation Act
b) Foreign Exchange Management Act
c) Foreign Contribution Act
Correct answer
Foreign Exchange Regulation Act
