1. Read the passage and complete the sentences given below the passage. 10 Marks
Globalisation-A Major Revolution
Globalisation is the way to open businesses, improve technological growth, economy, etc., at the international level
for all countries. It is the way in which manufacturers and producers of the products or goods sell their products globally without any restrictions. It provides huge profits to the businessmen as they get low cost labour in poor countries easily. It provides a big opportunity to the companies to deal with the worldwide market.
Globalisation helps to consider the whole world as a single market. Traders are extending their areas of business by treating the world as a global village. Earlier, till the 1990s, there was a restriction on importing certain products
which were already manufactured in India like agricultural products, engineering goods, food items and toiletries.
However, during the 1990s, there was a pressure from the rich countries on the poor and developing countries to allow them to spread their businesses by opening their markets. In India, the globalisation and liberalization process was started in 1991.
After many years, globalisation brought about a major revolution in the Indian market when multinational bands
came to India and started delivering a wide range of quality products at cheap prices. Prices of good quality
products came down because of the cut- throat competition in the market.
Globalisation and liberalization of the businesses in India have flooded the market with quality foreign products buthas affected the local Indian industries adversely to a great extent resulting in the job loss to poor and uneducated workers. Globalisation has been a bonanza for the consumers, however, a loss to the small-scale Indian producers.
Globalisation has had some very positive effects on the Indian consumer in all sectors of society. It has affected the Indian students and education sector to a great extent by making study books and a lot of information available over the internet. Collaboration of foreign universities with the Indian universities has brought about a huge change in the field of education.
Globalisation of trade in the agricultural sector has brought varieties of quality seeds which have disease resistance
property. However, it is not good for the poor Indian farmers because the seeds and agricultural technologies are costly.
It was brought about a huge revolution in the employment sector by the spread of businesses like cottage, handloom, carpet, artisan carving, ceramic, jewellery and glassware etc.
Q.On the basis of your reading of the above passage, choose the correct options in the following cases. Only 10 out
of 12 must be attempted
a) Globalisation provides huge profits to ___________
i) village people ii) urban people iii) businessmen iv) rural sector
b) It is the way in which _____ of the products sell their products globally without any restrictions.
i) manufacturers ii) producers iii) labourers iv) both (i) and (ii)
c) Globalisation helps to consider the whole world as a_________ market.
i) single ii) double iii) worldwide iv) all of the above
d) When did the globalisation and liberalisation process start in India?
i) 1990s ii) 1991 iii) 1992 iv) 1993
e) Globalisation has adversely affected the _______
i) Indian Industries ii) global industries iii) Indian consumers iv) businesses
f) Globalisation provides huge profits to the businessmen as_____________
i) they get cheap raw-materials ii) they get cheap labour in developed countries
iii) they get cheap labour in poor countries iv) they make huge imports
g) Globalisation has been a bonanza to___________
i) consumers ii) farmers
iii) small scale industries iv) none of these
h) Globalisation has affected the Indian students and education sector
i) positively ii) adversely iii) no impact at all iv) none of these
i) Antonym of “Collaboration”
i) cooperation ii) alliance iii) association iv) resistance
j) Suggest the correct option
i) Globalisation has benefitted the Indian farmers
ii) Globalisation has brought revolution in the employment sector
iii) both (i) and (ii) are correct
iv) none of the above is correct
k) Synonym of globalisation
i) nationalisation ii) universalisation iii) liberalisation iv) privatisation
l) Another word for “bonus” from the above passage
i) opportunity ii) bonanza ii) revolution iv) None of these
Answers
Answer:
Here's the answer
_______________________________
(a) What is globalization ?
=> Globalization is the way to open businesses, improve technological growth, economy, etc, at the international level for all countries.
_______________________________
(b) Write any two advantages of globalization.
=> 1. Globalization provides a big opportunity to the companies to deal with the worldwide market.
2. It helps to consider the whole world as a single market.
_______________________________
(c) What was the pressure from the rich countries in the 1990's ?
=> There was a restriction on importing certain products which were already manufactured in India like agricultural products, engineering goods, food items and toiletries.
This was the pressure from the rich countries in the 1990's.
_______________________________
(d) What is the effect of multinational brands entering the Indian market ?
=> When Multinational brands came to India, it started delivering a wide range of quality products at cheap prices. This was the major effect.
_______________________________
(e) How are the prices of quality products affected due to globalization ?
=> Prices of good quality products comes down because of the cutthroat competition in the market.
In this way ,the prices of quality products affected due to globalization.
_______________________________
(f) How have the foreign products affected the local industry adversely ?
=> Foreign products has affected the local Indian industries adversely to a great extent resulting in the job loss to poor and uneducated workers.
_______________________________
(g) What has been the impact of globalization on the Indian students ?
=> It has affected the Indian students and education sector to a great extent by making study books and a lot of information available over the internet.
_______________________________
(h) Why has globalization had a negative effect on the poor Indian farmer ?
=> Globalization had a negative effect on the poor Indian farmer because the seeds and agricultural technologies are costly.
_______________________________
Thanks!!
Explanation:
Globalisation has had some very positive effects on the Indian consumer in all sectors of society. It has affected the Indian students and education sector to a great extent by making study books and a lot of information available over the internet. Collaboration of foreign universities with the Indian universities has brought about a huge change in the field of education.