Practice Globalisation (6.2.3) - Major Reforms and Emerging Trends in the Indian Economy

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8 questions

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4 cards from this section. Quick, good the night before a test.
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6 questions · about 4 min · pass mark 70%. Hints available.
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2 questions · about 1 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What does globalisation mean?
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Think about how countries interact in trade.
Question 2.
Name one benefit of globalisation.
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Consider the variety of goods available.
3Question 3.
What is the main goal of globalisation?
- To close markets
- To increase competition
- To limit foreign investment
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Consider why countries would want to trade freely.
4Question 4.
Are MNCs beneficial for local economies?
- True
- False
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Think about both benefits and challenges.
Question 5.
Evaluate the long-term economic impacts of globalisation on local industries in India.
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Think about industries that have thrived or struggled since the reforms.
Question 6.
Critically assess the role of MNCs in contributing to economic inequality in India.
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Consider both the positive contributions and the negative repercussions.

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