NCERT Solutions for Class 12 Sociology Part 2 Chapter 6 MCQ

The term “corporate culture” refers to the beliefs and practices related to a selected corporation. For example, corporate culture can be reflected within the way an organization hires and promotes employees, or in its corporate mission statement. Some companies seek to associate themselves with a selected set of values, like by defining themselves as an “innovative” or “environmentally-conscious” organization.

Globalization allows companies to seek out lower-cost ways to provide their products. It also increases global competition, which drives prices down and creates a bigger sort of choices for consumers. Lowered costs help people in both developing and already-developed countries live better on less money.

Make the economy more market-oriented and expand the role of personal and foreign investment.

Transnational corporations (TNCs) or multinational corporations (MNCs) are companies that operate in additional than one country. Unilever, McDonalds and Apple are all samples of TNCs. TNCs tend to possess offices and headquarters located within the developed world.

Indian economic liberalisation was a part of a general pattern of economic liberalisation occurring across the globe within the late 20th century. Although some attempts at liberalisation were made in 1966 and also the early 1980s, a more thorough liberalisation was initiated in 1991.

The use in manufacturing industry of the methods pioneered by industrialist, typified by large-scale mechanized production. Fordism may be a manufacturing technology that is the idea of contemporary economic and social systems in industrialized, standardized production and mass consumption.

It impacts the commercial, economic, social, and political environment. Globalization incorporates a big selection of impacts on the world economy. It changes the commercial and economic environment by opening up international markets and increasing competition.

Globalization has had a negative impact on the globe economy. Since colonization countries are experiencing uneven development, exploitation that prohibits the expansion of their economy, and trade wars as a results of capitalism and cheap labor overseas.

The Silk Route, which is an ancient network of trade routes, formally established by the dynasty, served as a connection between the 2 countries. It had been also through this route that Buddhism spread to China and East Asia from India.

An intergovernmental organization (IGO) is a corporation composed primarily of sovereign states (referred to as member states), or of other organizations through formal treaties for handling/serving common interests and governed by international laws.

At the DSB meeting of 5 April 2001, India announced that, with effect from 1 April 2001, it had removed the quantitative restrictions on imports in respect of the remaining 715 items and had thus implemented the DSB’s.

Modern values like humanism, egalitarianism, secularism have entered Indian value systems. Our legal code has been reformed. Evil customs like sati ended, Untouchability was abolished. The concept of the state was introduced and thus Governmental activities on welfare measures have expanded.

Glocalization could be a combination of the words “globalization” and “localization.” The term is employed to explain a product or service that’s developed and distributed globally but is additionally adjusted to accommodate the user or consumer during a local market.

IGOs are entirely different from NGOs all told aspects. IGOs received their capital aid from its members; meanwhile, NGOs are funded by various private sources. As far because the establishment is worried, NGOs are generally formed by two or more individuals, whereas states form IGOs.

Globalisation involves a conscious and active process of expanding business and trade across the borders of all the states. Features of Globalisation: Liberalisation, Free trade, Globalisation of Economic Activity, Liberalisation of Import-Export System, Privatisation, Increased Collaborations, Economic Reforms.

Which of the subsequent isn’t the target of the WTO? Explanation: WTO isn’t responsible of the development within the Balance of Payment of the member countries while other options given within the question are objectives of the WTO.