LONG ANSWER TYPE QUESTIONS (4 MARKS)
1. What is the main criterion used by the world Bank in classifying different countries? What are the limitations of this criterion?
2. What is per capita income? Can it be regarded as the sole indicator of economic development of a country? Give four valid arguments to support your answer.
3. Why is tertiary sector growing so rapidly in India? Explain it with four reasons.
4. Explain the role of government in public sector?
5. Explain any three features each of formal sector loans and informal sector loans?
6. Describe the vital and positive role of credit with examples.
7. Why are informal source of credit preferred in rural areas?
8. What is the idea behind forming the SHGS? Explain its functioning.
9. Describe the sources of formal & informal credit in India.
10. How can the formal sector loans be made be beneficial for poor farmers and workers?
11. What are the advantages of Multi national corporations?
12. Mention any three steps which have been taken by the government of India to attract foreign investment in recent years?
13. How does foreign trade play an important role in integrating the markets across the countries?
14. How has information and communication technology stimulated globalisation process?
Explain with examples.
15. "Globalisation has been advantages to consumers as well as producers" justify the statement with examples.
