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Chapters
2: Sectors of the Indian Economy
3: Money and Credit
▶ 4: Globalisation and the Indian Economy
5: Consumer Rights
![NCERT solutions for Social Science (Economics) - Understanding Economic Development [English] Class 10 chapter 4 - Globalisation and the Indian Economy - Shaalaa.com](/images/9788174506559-social-science-economics-understanding-economic-development-english-class-10_6:85bdf698b6c240edbabfd600621e35fb.jpg "NCERT solutions for Social Science (Economics) - Understanding Economic Development [English] Class 10 chapter 4 - Globalisation and the Indian Economy")
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Solutions for Chapter 4: Globalisation and the Indian Economy
Below listed, you can find solutions for Chapter 4 of CBSE NCERT for Social Science (Economics) - Understanding Economic Development [English] Class 10.
NCERT solutions for Social Science (Economics) - Understanding Economic Development [English] Class 10 4 Globalisation and the Indian Economy Exercises [Pages 72 - 73]
What do you understand by globalisation? Explain in your own words.
What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?
How would flexibility in labour laws help companies?
What are the various ways in which MNCs set up, or control, production in other countries?
Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?
“The impact of globalisation has not been uniform.” Explain this statement.
How has liberalisation of trade and investment policies helped the globalisation process?
How does foreign trade lead to integration of markets across countries? Explain with an example other than those given here.
Globalisation will continue in the future. Can you imagine what the world would be like twenty years from now? Give reasons for your answer.
Supposing you find two people arguing: One is saying globalisation has hurt our country’s development. The other is telling, globalisation is helping India develop. How would you respond to these organisations?
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.
Match the following.
|
(i) |
MNCs buy at cheap rates from small producers |
(a) |
Automobiles |
|
(ii) |
Quotas and taxes on imports are used to regulate trade |
(b) |
Garments, footwear, sports items |
|
(iii) |
Indian companies who have invested abroad |
(c) |
Call centres |
|
(iv) |
IT has helped in spreading of production of services |
(d) |
Tata Motors, Infosys, Ranbaxy |
|
(v) |
Several MNCs have invested in setting up factories in India for production |
(e) |
Trade barriers |
The past two decades of globalisation has seen rapid movements in
goods, services and people between countries.
goods, services and investments between countries.
goods, investments and people between countries.
The most common route for investments by MNCs in countries around the world is to
set up new factories.
buy existing local companies.
form partnerships with local companies
Globalisation has led to improvement in living conditions.
of all the people
of people in the developed countries
of workers in the developing countries
none of the above
Solutions for 4: Globalisation and the Indian Economy
NCERT solutions for Social Science (Economics) - Understanding Economic Development [English] Class 10 chapter 4 - Globalisation and the Indian Economy
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Concepts covered in Social Science (Economics) - Understanding Economic Development [English] Class 10 chapter 4 Globalisation and the Indian Economy are Production Across Countries, Foreign Trade and Integration of Markets, Concept of Globalization and Factors, World Trade Organisation (WTO), Impact and Fair Globalization.
Using NCERT Social Science (Economics) - Understanding Economic Development [English] Class 10 solutions Globalisation and the Indian Economy exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in NCERT Solutions are essential questions that can be asked in the final exam. Maximum CBSE Social Science (Economics) - Understanding Economic Development [English] Class 10 students prefer NCERT Textbook Solutions to score more in exams.
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