Extra 30 short questions and answers on the chapter Globalisation for Class 11 Political Science:
What is globalisation?
Answer:
Globalisation is the process of increasing interconnection and interdependence among countries in terms of economy, politics, culture, and technology.
What are the main features of globalisation?
Answer:
The main features include:
Free trade and movement of goods
Expansion of multinational companies
Technological advancements
Cultural exchange
How has technology contributed to globalisation?
Answer:
Advancements in communication, transport, and the internet have made global trade and cultural exchange easier and faster.
What are the economic aspects of globalisation?
Answer:
Economic globalisation involves:
Free trade agreements
Foreign Direct Investment (FDI)
Growth of multinational corporations (MNCs)
Expansion of global markets
What is the role of multinational corporations (MNCs) in globalisation?
Answer:
MNCs promote global trade by setting up businesses across multiple countries, creating jobs, and introducing advanced technology.
What is the impact of globalisation on developing countries?
Answer:
It has both positive and negative effects:
Positive: Economic growth, job creation, technology transfer.
Negative: Exploitation of
labour
, loss of local industries, environmental concerns.
Which economic reforms introduced globalisation in India?
Answer:
The
New Economic Policy (NEP) of 1991
introduced
Liberalisation, Privatisation, and Globalisation (LPG)
in India.
How does globalisation affect national sovereignty?
Answer:
Globalisation reduces a country's control over its own economy and policies due to external influences like MNCs and international organisations.
What is cultural globalisation?
Answer:
Cultural globalisation refers to the worldwide exchange of ideas, values, traditions, and lifestyles through media, tourism, and migration.
How has globalisation impacted the Indian economy?
Answer:
It has led to increased foreign investment, growth in the IT sector, rise of multinational companies, and improved infrastructure but also increased competition for local businesses.
What is the role of the WTO in globalisation?
Answer:
The
World Trade Organization (WTO)
regulates international trade, promotes free trade, and resolves disputes between countries.
What is liberalisation?
Answer:
Liberalisation refers to reducing government control over the economy and allowing private and foreign businesses to operate freely.
What is privatisation?
Answer:
Privatisation is the process of transferring ownership of government-owned industries to private companies to improve efficiency.
What is the significance of the IMF in globalisation?
Answer:
The
International Monetary Fund (IMF)
provides financial assistance and policy advice to countries facing economic crises.
How has the internet contributed to globalisation?
Answer:
The internet enables instant global communication, e-commerce, online services, and social media, making the world more connected.
What are the positive effects of globalisation?
Answer:
Economic growth
Technological advancement
Job creation
Increased access to goods and services
What are the negative effects of globalisation?
Answer:
Economic inequality
Environmental degradation
Loss of cultural identity
Exploitation of workers
What is outsourcing in globalisation?
Answer:
Outsourcing is when companies transfer jobs or services to
other countries to reduce costs. Example: US companies outsourcing IT services to India.
How does globalisation impact the environment?
Answer:
Globalisation increases pollution, deforestation, and climate change due to industrial expansion and high resource consumption.
What is economic globalisation?
Answer:
Economic globalisation refers to the integration of national economies into a single global market through trade, investment, and finance.
What is political globalisation?
Answer:
Political globalisation refers to increased international cooperation, the influence of global institutions like the UN, and the spread of democratic values.
Which sectors in India have benefited the most from globalisation?
Answer:
The
IT sector, telecommunications, automobile, and pharmaceutical industries
have seen significant growth due to globalisation.
What is the relationship between globalisation and employment?
Answer:
Globalisation creates new job opportunities but also leads to job losses in traditional industries due to automation and competition.
How has globalisation affected small-scale industries?
Answer:
Many small industries struggle due to competition from MNCs, leading to closures, job losses, and reduced market share.
What is the impact of globalisation on agriculture?
Answer:
Introduction of modern farming techniques
Increased export of agricultural products
Threat to small farmers due to market competition
What is the impact of globalisation on Indian culture?
Answer:
It has led to the blending of Indian and Western cultures, influencing fashion, music, food, and lifestyle.
How does globalisation affect international relations?
Answer:
Countries are more interconnected, leading to economic cooperation but also dependence on powerful economies.
What is regional economic integration?
Answer:
It is the formation of trade alliances like
EU, NAFTA, SAFTA
, where member countries promote free trade among themselves.
What is the impact of globalisation on education?
Answer:
It has improved access to quality education through online courses, foreign universities, and student exchange programs.
What are some challenges of globalisation?
Answer:
Economic inequality
Job losses in some sectors
Environmental issues
Loss of traditional industries
