Class 10. History. The Making Of A Global World. (Term Explain) For UP Board , CBS E , Ncert, Othe Competitive examinations

Important Terms and Explain 

1: Globalisation:  It means the movement of people,goods and services across the nation. From ancient times, people have moved or migrated from one state to another state. 

2: Silk Route:

These were the routes which knitted together vast regions of Asia and linked Asia with Europe and Northern Africa. These routes are known to have existed since before Christian era and thrived almost till the 15th century.

3: Couriers: It used as currency in ancient time .

4: Canal Colonies: The colonies near the areas irrigated by new canals ,where the peasants from different parts of Punjab were settled.

5: Coolie : Unskilled native labourers, Indian indentured labourers were often referred as Coolie in Caribbean islands.

6: Spaghetti: A type of noodles popular in Italy.

7: Corn laws :   The laws allowing the British government to restrict the import of corn were popularly known as the Corn Laws . These laws were in force between 1815 - 1816 .

8: Rastafasia : A Jamaican sect ,the members of which regarded blacks as the chosen people.

9: Hosay : A riotous carnival in Trinidad when workers of all races and religions join to celebrate.

10: Rinderpest : Cattle plague -  a fast spreading disease among cattle.

11: Dissenter : One who rejects to accept established beliefs and practices.

12: Entrepreneur:  One who undertakes /starts  enterprise at his /her own risk .

13: Internal / Domestic/ Inter regional Trade : It means trade among different regions of a nation .

14: International / Foreign Trade :  It refers to the exchange/sale and purchase of goods and services between two or more than two countries.

15: Bilateral Agreement: Trade agreement between two countries.

16: Multi lateral Agreement: Aggreement formulated by more than two countries.

17: Tariff : Tax or duty imposed on country's imports from the rest of the world . Tariffs are levied at the points of entry.

18: Trade surplus :  It is a situation under which value of exports is more than its imports.

19: Exchange Rate : The rate at which the currencies of two countries are exchanged for each other is called the rate of exchange.

20:Per Capita Income : If we decide the national income by the total population of the country we get per capita income.It is the average income of per person in a country of a particular year. 

21: International Monetary Fund (IMF ):  It is an international organisation,created for the purpose of standardising global financial relations and exchange rates .The IMF generally monitors the global economy,and its core goal is to economically strengthen its member countries.

22: World Bank :  It is an international financial institution that provides loan to developing countries for development programs . It comprises two institutions:  1- The international Bank for Reconstruction and Development ( IBRD)

and 2: the international Development Association ( IDA )

23 : G-77 : The G -77 is a loose coalition of developing nations, designed to promote its members' collective economic interest and creat and enhanced joint negotiating capacity of the United Nations. In the beginning,there were 77 founding members of the organisation. But now 130 countries are its member.

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