Tamil Nadu (English Medium) Plus 1 Humanities Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in


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Question-1 (A) Globalization has created new opportunities of employment and emerging multinationals
(B) A ready measure of the extent of globalization of the good market of India is provided by the share of imports and exports in overall output
Select the correct answer using the following codes:

(A) Only A is true	(B) Both A and B are true
(C) A is true but B is false	(D)A is false but B is true

Question-2 The current round of negotiation in the WTO is known as the

(A) Doha Development Round (DDA)	(B)Seattle Summit
(C)Cancun Meet	(D)Torquay Round

Question-3 The growth of GDP increased from __________ during 1980 - 1991.

(A) 7.2%	(B)5.6%
(C)6.3%	(D)8%

Question-4 In the domestic economy major reforms were undertaken in the _______ sector.

(A) Industrial Sector	(B)Service Sector
(C)Tertiary Sector	(D)Service Sector

Question-5 Which of the following is referred to as a predecessor to WTO?

(A) OPEC	(B)IMF
(C)World Bank	(D)GATT

Question-6 With regard to the WTO subsidies are covered in two separate international economic law agreements which are they?

(A) The reform treaty and Treaty of Rome	(B)The North American free trade agreement
(C)GATT and the Agreement on subsidies	(D)Free Trade Agreements

Question-7 What are the important outcomes of the globalization process?

(A) Outsourcing	(B)Financing
(C)Decision taking	(D)Exporting

Question-8 Which of the following is not an aspect of privatization?

(A) Dis- investment of public sector units	(B)Handing over management of public sector units to private firms
(C)Opening up of sectors, which are hitherto reserved for public sector to private sector	(D)De licensing of private industrial units

Question-9 Which of the following is called as an important agro-based industry ?

(A) Steel	(B)Cement
(C)Sugar	(D)Jute

Question-10 Which of the following were the aims behind the setting up of the World Trade Organization (WTO)?
1. Promotion of free trade and resources flows across the countries
2. Protection of Intellectual Property Rights
3. Managing balanced trade between different countries
4. Promotion of trade between the former East Bloc Countries and the Western World
Select the answer by using the codes given below:

(A) 1,2 and 4	(B)1 and 2
(C) 2 and 3	(D)1 and 4

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Plus 1 Humanities

Tamil Nadu (English Medium)

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