Question 1: The term “globalization” refers to:
a) The process of increasing international trade and economic interdependence
b) The domination of one country over others
c) The spread of a single culture worldwide
d) The decline of international relations
Answer: a) The process of increasing international trade and economic interdependence
Question 2: The Silk Route connected:
a) China and India
b) Europe and Africa
c) India and Africa
d) China and Rome
Answer: d) China and Rome
Question 3: Which Portuguese explorer reached the coast of Calicut in India in 1498?
a) Vasco da Gama
b) Christopher Columbus
c) Ferdinand Magellan
d) Bartolomeu Dias
Answer: a) Vasco da Gama
Question 4: The Treaty of Tordesillas in 1494 divided the newly discovered lands outside Europe between which two countries?
a) Spain and Portugal
b) England and France
c) Netherlands and Spain
d) France and Portugal
Answer: a) Spain and Portugal
Question 5: The Columbian Exchange refers to the exchange of:
a) Ideas between Europe and Asia
b) Goods, people, and ideas between the Old World and the New World
c) Technologies between Europe and Africa
d) Religious beliefs between Europe and the Middle East
Answer: b) Goods, people, and ideas between the Old World and the New World
Question 6: The mercantilist theory advocated for:
a) Free trade and minimal government intervention
b) Accumulation of wealth through a favorable balance of trade
c) Redistribution of wealth among the working class
d) Encouragement of small-scale industries
Answer: b) Accumulation of wealth through a favorable balance of trade
Question 7: The term “triangular trade” refers to the trade route between:
a) Europe, Africa, and Asia
b) Europe, the Americas, and Africa
c) Africa, Australia, and Asia
d) Europe, North America, and South America
Answer: b) Europe, the Americas, and Africa
Question 8: The first English factory in India was established at:
a) Surat
b) Calcutta
c) Bombay
d) Madras
Answer: a) Surat
Question 9: The Treaty of Paris in 1763 ended which war and resulted in the transfer of Canada from France to Britain?
a) Seven Years’ War
b) American Revolutionary War
c) French Revolution
d) War of Spanish Succession
Answer: a) Seven Years’ War
Question 10: The ‘putting-out’ system, also known as cottage industry, involved:
a) Centralized production in factories
b) Production in individual homes
c) Cooperative production in community centers
d) Production on farms
Answer: b) Production in individual homes
Question 11: The invention of the spinning jenny and the power loom led to the growth of which industry in Britain?
a) Iron and steel
b) Textile
c) Coal mining
d) Shipbuilding
Answer: b) Textile
Question 12: The Suez Canal, connecting the Mediterranean Sea to the Red Sea, was opened in:
a) 1850
b) 1869
c) 1880
d) 1900
Answer: b) 1869
Question 13: The British introduced the system of railways in India primarily for:
a) Promoting tourism
b) Facilitating military operations
c) Enhancing agricultural productivity
d) Efficient transportation of raw materials and goods
Answer: d) Efficient transportation of raw materials and goods
Question 14: The Great Depression of the 1930s originated in:
a) Britain
b) United States
c) Germany
d) France
Answer: b) United States
Question 15: The Bretton Woods Conference in 1944 led to the establishment of:
a) World Trade Organization (WTO)
b) United Nations (UN)
c) International Monetary Fund (IMF) and World Bank
d) European Union (EU)
Answer: c) International Monetary Fund (IMF) and World Bank
Question 16: Which country was NOT a founding member of the General Agreement on Tariffs and Trade (GATT) in 1947?
a) India
b) United States
c) United Kingdom
d) France
Answer: a) India
Question 17: The Green Revolution aimed to increase agricultural productivity primarily through the use of:
a) Chemical fertilizers and pesticides
b) Organic farming methods
c) Genetic modification of crops
d) Farm mechanization
Answer: a) Chemical fertilizers and pesticides
Question 18: The concept of ‘just-in-time’ production is associated with which management philosophy?
a) Total Quality Management (TQM)
b) Lean manufacturing
c) Six Sigma
d) Kaizen
Answer: b) Lean manufacturing
Question 19: The World Trade Organization (WTO) was established in:
a) 1944
b) 1945
c) 1995
d) 2000
Answer: c) 1995
Question 20: The process of outsourcing involves:
a) Shifting production to overseas locations
b) Reducing the workforce within a company
c) Hiring external firms to perform certain tasks or services
d) Eliminating all forms of external collaboration
Answer: c) Hiring external firms to perform certain tasks or services
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