Globalisation and the Indian Economy - Class X Economics Quiz
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1. What is the primary objective of globalisation?
Increase local production · Enhance international trade · Limit foreign investment · Control currency exchange
2. Which of the following is a consequence of globalisation for Indian farmers?
Increased subsidies · Higher competition from imports · Guaranteed minimum prices · Reduced market access
3. What role do multinational corporations play in globalisation?
They restrict trade · They promote local businesses · They invest in foreign countries · They eliminate competition
4. Which agreement significantly impacted global trade by reducing tariffs?
WTO Agreement · NAFTA · GATT · SAFTA
5. What is one negative effect of globalisation on Indian industries?
Increased job opportunities · Technological advancement · Closure of small-scale industries · Access to global markets
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