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(d) Globalisation inevitably results in cultural homogeneity. ees, Answer: (a) Globalisation has been uneven in its impact on states and societies., (b) Globalisation inevitably results in cultural homogeneity., , Q3. Which of the statem ents are ‘True’ about, , causes of globalisation?, , (a) Technology is an important cause of globalisation., , (b) Globalisation is caused by a particular community of people., (c) Globalisation originated in the US., , (d) Economic interdependence alone causes globalisation., Answer: (a) Technology is an important cause of globalisation., , (b) It originated in the US., , Q4. Which statements are ‘true’ about, , globalisation?, , (a) Globalisation is only about movement of commodities., (b) Globalisation does not involve a conflict of values., , (c) Services are an insignificant part of globalisation., , (d) Globalisation is about worldwide interconnectedness., Answer: (b) Globalisation does not involve a conflict of values., (d) Globalisation is about worldwide interconnectedness., , Q5. Which of the statements are False about globalisation?, , (a) Advocates of globalisation argue that it will result in greater economic growth., (b) Critics of globalisation argue that it will result in greater economic disparity., (c) Advocates of globalisation argue that it will result in cultural homogenisa~tion., (d) Critics of globalisation argue that it will result in cultural homogenisation., Answer: The statements (b) and (d) are false about globalisation., , Q6. What is worldwide interconnectedness? What are its components?, , Answer: The worldwide interconnectedness implies to interlink the world through free flow of, goods and services, technology, ideas and people across the globe to extend globalisation. This, contains three components:, , 1. Capital Flow: It is the flow of resources through loans or business investments among the, countries., , 2. Trade Flows of Goods: It refers to exchange of goods among countries., , 3. Labour Flow: It refers to ‘Brain drain’ by creating favourable conditions for employment., , Q7. How has technology contributed to globalisation?, , Answer: Technical equipments as cell phone, internet, telephone and microchip have contributed to, globalisation by exchanging ideas, capitals and people to make convenient to move from one place, to another at a fast pace to stimulate the process of globalisation,, , Q8. Critically evaluate the impact of the changing role of state in the dey, the light of globalisation?, , Answer: The impact of changing role of state in the developing countries in the light of, globalisation can be summed up as follows:, , 1. Globalisation reduces the state capacity i.e. the ability of governments to do what they do., , eloping countries in, , ol aaa

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2. Market becomes the, 3. Multinational com, , Prime concer to set down economic and social priorities. : f, panics iffect on the decisions taken by government because their own interest, fulfillment also on goverment policies,, , 4. The old welfare State 18 now giving way to more minimalist state t@ perform certain core functions, , as Maintenance of law and order and the security,, , S. State aleg withdraws from many of its welfare functions taken plave at the level of economic and, Social wellbeing. ‘, , 6. To some teint developing Countries have received a boost ax a result of globalisation and became, Tore strong and powerful chie to emergence of new technology, , 22, What are the economic implications of globalisation? How has globalisation impacted on, india with regard to this particular dimension?, , Answer: (A) Boonomic Implications of Globalisation (Positive), , |. It involves greater economic flows among various countries., , 2. IUhas enhanced trade in commodities among countries., , 5. The restrictions on the imports and movement of capital have also been reduced., , 4. This has spread internet and computer related services across national boundaries., , (B) Negative Beonomic Implications, , |. Economic globalisation has created diverse opinion all over the world as to benefit only a small, Section of society 7, 2. It does not have equality at par the movement of people across the globe i.e. developed countries, have carefully guarded their borders with visa policies to ensure job security to their own citizens., 5. IU has created disparities among states also by making the rich more richer and the poor more, , poorer, Impact of Globalisation on India, More new jobs have been created in the MNCs like cell phones, fast food ete., 2. India is playing a crucial role among developing countries in trade and commerce by making, some companies multinational themselves, i. ¢. Tata Motors, Ranbaxy etc., gn Direct Investment have also been increased., 4. It has invited inflow of private foreign capital and export oriented activities., , , , 3. For, , Q10. Do you agree with the argument that globalisation leads to cultural heterogeneity?, Answer: Cultural consequences do not assume to lead to cultural heterogeneity only. All cultures, accept outside influences all the time. Some external influences may be negative even to reduce our, choices. Sometime external influences enlarge the choices or modify our culture without, overwhelming the traditions, , i. ¢, the burger is not a substitute for a masala dosa, blue jeans can go well with a homespun KhadiKurta (a nique new combination by external influences), Hence, it can be said that globalisation does, , not lead cultural heterogeneity every time but it is supportive to promote cultural outlook and, cultural homogenisation., , QI1. How has globalisation impacted on India and how is, globalisation?, , Answer: Impact of Globalisation on India; a, , 1, More new jobs have been created in the MNCs like cell phones, fast food ete., 2. India is playing a crucial role among developing countries in trade, , India in turn impacting on, , and commerce by making

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some i inati, , : Be ae multinational themselves, , : . ata Motors, Ranbaxy ete., , 7 io Direct Investments have also been increased. Fa, , *, it has invited inflow of private foreign capital and export oriented activities. aa, impacting:, , 1. Through responding to 1991 financial crisis, Indian economy was liberalised to attract foreign, direct investment,, , a SS icti, , 2 India introduced new trade policy reforms to remove tariffs and restrictions imposed on imports., Se Under industries, it abolished licensing system exempting few specified industries only., , 4. Banking operations by private sectors were permitted to expand in the country., , 5. To promote globalisation, India has adopted an open economy., , a, , Very Short Answer Type Questions [1 Mark], , Ql. To what extent does globalisation provide opportunities as well as challenges?, Answer: Globalisation creates new jobs in industries and MNCs and increases the volume of trade, , in goods and services. As a challenge it reduces the capacity of state to take decisions on their own., , Q2. Define Globalisation., Answer: Globalisation refers to integration of an economy with the other country based on, interdependence., , Q3. What is WSF?, Answer: WSF is the World Social Forum, a global platform to bring together a wide coalition of, human rights activists, environmentalists and women activists ., , Very Short Answer Type Questions, , QI .“ Welfare State is getting replaced by market.” Analyse the reason for this change., Answer: Globalisation results in an erosion of state capacity. All over the world, the old welfare, state is now giving way to a more minimalist state that performs certain core functions such as, maintenance of law and order and the security of its citizens. However, it withdraws from many of, its earlier welfare functions directed at economic and social well-being. In place of the welfare state,, it is the market that becomes prime determinant of economic and social priorities. The entry and the, increased role of MNCs all over the world leads to reduction in the capacity of government to take, decisions on their own., , Q2. How far is it correct to say that powers of states have actually increased due to, globalisation?, , ‘Answer: To some extent globalisation increases the activities of state to help in development of, economy as well as state capacity has received a boost also with enhanced technologies available at, the disposal of state to collect information about its citizens., , Q3. What are two thrust areas of Globalisation?, , Answer: Globalisation has two thrust areas:, , 1. Liberalisation provides freedom of trade and investment, eliminate restrictions imposed on, external trade and payments and expand technological progress to globalise faster., , 2. Privatisation permits MNCs to produce goods and services inside the country to attract FDI.

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,, , , , Q4. Which factors have contributed to the process of globalisation?, , Answer: Process of globalisation is the result of:, , 1. Historical factors., , 2. Role of international organisations like JMF and WTO., 3. Liberalisation and privatisation., , 4. Technological innovations., , Q5. Mention positive impact of globalisation., , Answer: 1. Increase in the volume of trade in go, - It attracts private foreign capital ‘investment’., . It creates new job opportunities., , . It raises standard of living., , 5. It increases production efficiency and heal, 6. It attracts Foreign Direct Investment also., , ods and services., , wWN, , thy competition., , Q6. Mention negative impact of lobalisation. Ml i, Answer: |. Globalisation he not poate much more employment opportunities because it needs, highly skilled people only., , 2. The foreign companies focus on their profi, 3. It has widened income disparities by makin:, 4. Gradually, globalisation is also a reason for, 5. Even farmers are supposed to be well educated i, , t orientation projects only in place of social welfare., , g the rich richer and the poor more poorer., , depletion of flora and fauna in country. ie, f they want to use modern methods of cultivation., , Q7. Can we say that Globalisation is only an economic dimension? i Aes :, Answer: No, globalisation is not only an economic dimension because it is a multi-dimensional, , concept having political, economic and cultural manifestations. Globalisation is the process of, exchange of ideas, capital, commodities and people., , Q8. “ Globalisation is a multidimensional concept”. Justify the statement., , Answer: Globalisation refers to integration of an economy with the other countries based on, interdependence. It is a multidimensional concept having political, economic, cultural, manifestations. It is the process of exchange of ideas, capital commodities and people., , Short Answer Type Questions, , Q1. Mention any four political consequences of globalisation., Answer: Political consequences are positive and negative both as:, Negative Aspects, 1. Globalisation results in an erosion of state capacity, that is the ability, , > of governmen, they dd. g it to do what, 2. The old welfare state is now giving way to more minimalist state that performs certain c, functions such as maintenance of law and order and the security of its citizens. oe, 3. Sometimes state withdraws from many of its earlier welfe i ae, , i are functi ‘, , social well being. ions directed at economic and, 4. Market becomes prime determinant to settle down soci, , social Rea ritise i, he ecey and economic priorities in place of, Positive Aspects

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1. The pri, im, si i as :, 2. To some aL ae remains unchallenged basis of political community., nt developing countries have received a boost to become more powerful and strong., Ne Explain any two economic, Nswer: 1, Positive K 4, @iua i Positive Economic Consequences, wie Volves greater economic flows among various countries., One as enhanced trade in commodities among countries,, oa € restrictions on the imports and movement of capital have also been reduced., - Negative Economic Consequences, a Tt has created diverse opinion all over the world so as to benefit only a small section of society., : ) It does not have equality at par the movement of people across the globe i.e. Developed countries, lave carefully guarded their borders with visa policies to ensure job security to their own citizens., , consequences of globalisation., , Q3. What is globalisation? Highlight any three causes of globalisation., , Answer: Globalisation is integration of an economy with other economies alongwith the free flow of, trade and capital. Process of globalisation is the result of:, , 1. Historical factors, , 2. Role of International Organisations like IMF and WTO., , 3. Liberalisation and Privatisation, , 4. Technological innovations., , Q4. Explain any two positive and two negative effects of globalisation., , Answer: I. Positive Effects (Any two)., , 1. Increase in the volume of trade in goods and services., , - It attracts private foreign capital investment., , - It creates new job opportunities., , - It raises standard of living., , . It increases production efficiency and healthy competition., , . It attracts foreign Direct Investment also., , . Negative Effects:, , . It has widened income disparities by making the rich richer and the poor more poorer., . Gradually, globalisation is also a reason for depletion of flora and fauna in country., , NEnNAUAWwWN, , QS. Explain any four consequences of globalisation., , Answer: |. Economic Consequences, , (a) It has involved greater trade in commodities across the globe., , (b) The restrictions imposed by other countries on allowing imports have beenreduced,, , 2. Cultural Consequences, , (a) The rise of uniform culture called as cultural homogenisation., , (b) Global culture is the imposition of western culture on rest of the world., , 3. Political Consequences, , (a) In place of welfare state it is the market to become the prime determinant of economic and social, priorities., , (b) The entry and increased role of MNCs all over the world leads to reduction in capacity of, governments to take decisions on their own., , 4. Others