Q13 of 42 Page 1

Highlight any four economic effects of globalisation.

Four economic effects of globalization are:


• It increases interdependence and cooperation among the countries to promote trade and economic sustainably.


• FDI tends to increase rapidly due to the effects of globalization.


• Globalization increases competition among big companies and thus the cost of different items is set to a certain limit.


• The competition also gives rise to the need for improvement and technological advancement. This, in turn, increases production and promotes the economy.


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Justify India’s candidature for the permanent membership of the UN Security Council on any four grounds.

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Explain any two major differences between the First Five Year Plan and the Second Five Year Plan.

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Explain the circumstances that led to the accession of Hyderabad to India in 1948.


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