How has information and communication technology stimulated the globalisation process? Explain with examples.
Rapid improvement in technology has been one major factor that has stimulated the globalisation process.
(i) Technology has made much faster delivery of goods across long distances possible at lower costs.
(ii) It has enabled to contact one another around the world, to access information instantly, and to communicate from remote areas.
(iii) Internet has allowed to send instant electronic mail and talk across the world at negligible costs.
How does money solve the problem of double coincidence of wants? Explain with an example.
Which one of the following is an example of outcomes of a democracy that produces an accountable government?
Open to public debates on major policies and legislation
Open in promoting economic development
Open in reducing economic inequalities
Open in reducing economic inequalities
Which one of the following is the appropriate meaning of collateral?
It is the sum total of money borrowed from banks
The amount borrowed from friends
It is an asset of the borrower used as guarantee to a lender
It is an asset of the borrower used as guarantee to a lender
In which one of the following places Mahatma Gandhi organised Satyagraha for the first time in India?
Dandi
Ahmedabad
Which among the following was the main reason for the weavers to revolt against contractors in Silesia, in 1845?
(A) Contractors reduced their payments drastically
(B) They stopped the supply of raw materials to them
(C) They refused to place orders for finished textiles
(D) Condition of weavers was very pitiable
OR
Which among the following was the main reason to start the 'Tonkin Free School' in Vietnam?
(A) To provide 'Western Style Education'
(B) To provide 'Modern Education'
(C) To provide 'Science Education'
(D) To popularise the 'French Language'
Which one of the following statements is correct regarding 'sectional interest groups'?
They promote collective rather than selective good.
Their principal concern is betterment and well-being of their members, not society in general.
They aim to help groups other than their own members.
They aim to help groups other than their own members.
Which one of the following is a formal source of credit?
Traders
Cooperative societies
Money-lenders
Money-lenders
Which one of the following organisations lays stress on liberalisation of foreign trade and foreign investment?
International Monetary Fund
International Labour Organisation
World Health Organisation
World Health Organisation
Which one of the following facilities is offered by the 'Election Commission' to a recognised political party?
Party name
Election Funds
Election symbol
Election symbol