NCERT Class 10 Social Science Economics Solutions: Chapter 4-Globalisation and the Indian Economy Part 3

Download PDF of This Page (Size: 133K)

Watch video lecture on YouTube: NCERT Class 10 Economics Chapter 4: Globalization & Indian Economy NCERT Class 10 Economics Chapter 4: Globalization & Indian Economy
Loading Video

Question 11:

Fill in the blanks.

Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of ______________. Markets in India are selling goods produced in many other countries. This means there is increasing ______________ with other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. MNCs are investing in India because ____________. While consumers have more choices in the market, the effect of rising _____________ and ________has meant greater _______________among the producers.

Answer:

Indian buyers have a greater choice of goods than they did two decades back. This is closely associated with the process of globalisation. Markets in India are selling goods produced in many other countries. This means there is increasing trade with other countries. Moreover, the rising number of brands that we see in the markets might be produced by MNCs in India. MNCs are investing in India because of cheaper production costs. While consumers have more choices in the market, the effect of rising demand and purchasing power has meant greater competition among the producers.

Question 12:

Match the following.

Match the Following (Q)
Match the following (Q)

MNCs buy at cheap rates from small producers.

Automobiles.

Quotas and taxes on imports are used to regulate trade.

Garments, footwear, sports items.

Indian companies who have invested abroad.

Call centres.

IT has helped in spreading of production of services.

Tata Motors, Infosys, Ranbaxy.

Several MNCs have invested in setting up factories in India for production.

Trade barriers.

Answer:

Match the Following (A)
Match the following (A)

MNCs buy at cheap rates from small producers.

B. Garments, footwear, sports items.

Quotas and taxes on imports are used to regulate trade.

E. Trade barriers.

Indian companies who have invested abroad.

D. Tata Motors, Infosys, Ranbaxy.

IT has helped in spreading of production of services.

C. Call centres.

Several MNCs have invested in setting up factories in India for production.

A. Automobiles.

Question 13:

Choose the most appropriate option.

The past two decades of globalisation has seen raped movements in.

  1. Goods, services and people between countries.

  2. Goods, services and investments between countries.

  3. Goods, investments arid people between countries.

Answer:

B. Goods, services and investments between countries.

The most common route for investments by MNCs in countries around the world is to.

  1. Set up new factories.

  2. Buy existing local companies.

  3. Form partnerships with local companies.

Answer:

B. Buy existing local companies.

  1. Globalisation has led to improvement in living conditions.

  2. Of all the people.

  3. Of people in the developed countries.

  4. Of workers in the developing countries.

  5. None of the above.

Answer:

D. None of the above.