CBSE Class 12 Political Science Case Study Questions Globalisation MCQs

Question. Read the passage given below and answer the questions that follows:
While everything may not be known about the economic facets of globalisation, this particular dimension shapes a large part of the content and direction of contemporary debates surrounding globalisation. A part of the problem has to do with defining economic globalisation itself. The mention of economic globalisation draws our attention immediately to the role of international institutions like the IMF and the WTO and the role they play in determining economic policies across the world. Yet, globalisation must not be viewed in such narrow terms. Economic globalisation involves many actors other than these international institutions. A much broader way of understanding of economic globalisation requires us to look at the distribution of economic gains, i.e. who gets the most from globalisation and who gets less, indeed who loses from it. What is often called economic globalisation usually involves greater economic flows among different countries of the world. Some of this is voluntary and some forced by international institutions and powerful countries. As we saw in the examples at the beginning of this chapter, this flow or exchange can take various forms: commodities, capital, people and ideas. Globalisation has involved greater trade in commodities across the globe; the restrictions imposed by different countries on allowing the imports of other countries have been reduced. Similarly, the restrictions on movement of capital across countries have also been reduced. In operational terms, it means that investors in the rich countries can invest their money in countries other than their own, including developing countries, where they might get better returns.

Question. Where does economic globalisation draw our attention to?
(a) Declining economy
(b) Poverty in the third world countries
(c) To the role of international institutions like the IMF and the WTO
(d) All of the options

Answer: C

Question. According to broader way of looking at globalisation, what should we focus on?
(a) The distribution of economic gains
(b) Increasing poverty in third world countries
(c) Unemployment in economic sectors
(d) Increasing population of the world

Answer: A

Question. In terms of trade, what is the impact of globalisation?
(a) Countries are divided in groups and trading with their groups only.
(b) Developing countries are not given importance in trade.
(c) Any country can receive the opportunity of trading with the other countries.
(d) None of the options

Answer: C

Question. How globalisation should not be viewed?
(a) in broader terms
(b) in narrow terms
(c) positively
(d) None of the options

Answer: B

Question Read the passage given below and answer the questions that follows:
The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges. In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world. This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays. Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth. At the same time, finance also became globalized. From the 1980s, driven by neo- liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, and Deregulation.

Question. What is the impact of increase in the economic exchanges between the countries of the world?
(a) Strong global economic growth
(b) Sharp decline in the trade
(c) Decline in the unemployment numbers
(d) Increase in the index of poverty and hunger index

Answer: A

Question. We can see “a sharp increase” due to globalisation in ………………………….. ?
(a) employment and capital
(b) trade and economic exchanges
(c) poverty and hunger
(d) All of the options

Answer: B

Question. In between which years the world’s export has increased 33-fold?
(a) 1970-1980
(b) 1950-1990
(c) 1950-2000
(d) 1950-2010

Answer: D

Question. After the 1980s, which policy was introduced by US and UK?
(a) 4D Policy
(b) 3D Policy
(c) Fair Trade Policy
(d) None of the options

Answer: B

Question. Study the cartoon carefully and give the answers to the question that follows:

Question. How did globalization help in the medical field?
(a) Exports of medicines increased.
(b) Helped in finding effective and speedy cure for the diseases with the collaboration of the medical facilities and knowledge of many countries.
(c) Inviting foreign doctors and creating employment opportunities in the various countries.
(d) All of the options

Answer: B

Question. Why is Africa featured in the above picture?
(a) Because it is the centre of globalization.
(b) The diseases mentioned in the picture have their epicentre in Africa.
(c) Because Africa is a poor country.
(d) Because world aims at developing Africa.

Answer: B

Question. Who identified the four basic aspects of globalization?
(a) IMF
(b) UN
(c) EU
(d) World Bank

Answer: A

Question. What is depicted in the picture?
(a) Spread of nuclear weapons
(b) Spread of various diseases
(c) Attacks by using biological weapons
(d) None of the options

Answer: B

Question. Read the passage given below and answer the questions that follows:
At the most simple level, globalisation results in an erosion of state capacity, that is, the ability of government to do what they do. All over the world, the old ‘welfare state’ is now giving way to a more minimalist state that performs certain core functions such as the maintenance of law and order and the security of its citizens. However, it ithdraws from many of its earlier welfare functions directed at economic and social wellbeing. In place of the welfare state, it is the market that becomes the prime determinant of economic and social priorities. The entry and the increased role of multinational companies all over the world leads to a reduction in the capacity of governments to take decisions on their own. What is important is for people in different parts of the world to recognise these interconnections with the rest of the world. Currently, we are aware of the fact that events taking place in one part of the world could have an impact on another part of the world. The Bird flu or tsunami is not confined to any particular nation. It does not respect national boundaries. Similarly, when major economic events take place, their impact is felt outside their immediate local, national or regional environment at the global level.

Question. The increase in the MNCs all over the world has resulted in ………………….. .
(a) the governments’ inability to cater to their needs.
(b) the capacity of the nations to incorporate these MNCs.
(c) poverty to the population where these companies are set up.
(d) reduction in the capacity of governments to take decisions on their own.

Answer: D

Question. At the most simple level, globalisation results in an erosion of ……………………. .
(a) political capacity
(b) state capacity
(c) capital capacity
(d) global capacity

Answer: B

Question. What do the new states withdraw as a result of globalisation?
(a) Many of its ethics for the welfare of human race
(b) The ideal world order
(c) Many of its earlier welfare functions directed at economic and social well-being.
(d) All of the options

Answer: C

Question. What is given way recently by the old “Welfare state”?
(a) More minimalist state
(b) More capitalist state
(c) More socialist state
(d) More democratic state

Answer: A