How has liberalisation of trade and investment policies helped the globalisation process?
Liberalisation means removing restrictions or barriers set by the government. An example of a trade barrier is tax on imports.... View Article
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Choose the most appropriate option. The past two decades of globalisation has seen rapid movements in a) goods, services and people between countries. b) goods, services and investments between countries. c) goods, investments and people between countries.
Answer: The correct answer is option (b) – Goods, services and investments between countries. There is a greater movement of... View Article
Compare the advantages and disadvantages of multi-purpose river projects.
With the purpose of irrigating agricultural fields, dams were built to impound rainwater and rivers. Advantages of Multipurpose River Projects... View Article
Manav needs a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or the moneylender? Discuss.
Manav has to take this decision after carefully considering the pros and cons. Informal Lender – Pros Manav may know... View Article
Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.
Globalisation is due to integration of markets, production, movement of people. Globalisation will exist even 20 years from now. Globalisation... View Article
Kerala, with lower per capita income has a better human development ranking than Haryana. Hence, per capita income is not a useful criterion at all and should not be used to compare states. Do you agree? Discuss.
One cannot completely conclude that comparing states based on Per Capita Income is wrong, but one can definitely say that... View Article
Development of a country can generally be determined by a) its per capita income b) its average literacy level c) health status of its people d) all the above
Answer: The correct answer is Option (a) – Per capita Income One of the most important attributes for comparing different... View Article
Describe some of your duties as consumers if you visit a shopping complex in your locality.
Some of the duties when a consumer visits a shopping complex is to check for certain indicators of the product... View Article
Explain the need for consumer consciousness by giving two examples.
If consumers want to make informed decisions and develop the ability to discriminate while purchasing services and goods, it is... View Article
State one prudential reason and one moral reason for power-sharing with an example from the Indian context.
Opposition to the notions of undivided political power led to the emergence of the idea of power sharing. Power sharing... View Article
__________________ issues currency notes on behalf of the Central Government.
Answer: The correct answer is Reserve Bank of India (RBI) On behalf of the Government of India, the Reserve Bank... View Article
Explain how the global transfer of disease in the pre-modern world helped in the colonisation of the Americas.
By the mid-sixteenth century, the conquest and colonization of the Americas was underway by the Spanish and the Portuguese. Americas... View Article
Which one of the following agencies markets steel for the public sector plants? a) HAIL (b) SAIL (c ) TATA Steel (d) MNCC
Answer: The Correct answer is option (B) – SAIL (Steel Authority of India Limited) Steel Authority of India Limited (SAIL)... View Article
Koderma, in Jharkhand, is the leading producer of which one of the following minerals? (a) Bauxite (b) Mica (c ) Iron Ore (d) Copper
Answer: The correct answer is option (b) – Mica Mica The leading producer of Mica is the Koderma Gaya –... View Article
What is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?
The criterion used in classifying countries is the per capita income of a nation. This criterion is used by the... View Article
Why did some industrialists in nineteenth-century Europe prefer hand labour over machines?
In Victorian Britain there was no shortage of labour. Industrialists did not face the problem of high wages or shortage... View Article
Consider the following two statements on power-sharing and select the answer using the codes given below: A). Power-sharing is good for democracy. B). It helps to reduce the possibility of conflict between social groups. Which of these statements are true and false? (a) A is true but B is false (b) Both A and B are true (c) Both A and B are false (d) A is false but B is true
Answer: The correct answer is option (B) – Both A and B are true. The possibility of conflict between social... View Article
Why are rules and regulations required in the marketplace? Illustrate with a few examples.
Individual consumers often find themselves in a weak position. The points mentioned below make one realise the importance of having... View Article
Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?
There are many reasons behind the demand for liberalization of trade and investment by developed countries. Developed countries want to... View Article
Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these arguments?
Both the people who are involved in the argument are not wrong, since both of them can back their claims... View Article
