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प्रश्न
How has globalisation impacted on India and how is India in turn impacting on globalisation?
उत्तर
Impact of Globalisation on India:
- More new jobs have been created in the MNCs like cell phones, fast food etc.
- India is playing a crucial role among developing countries in trade and commerce by making some companies multinational themselves i. e. Tata Motors, Ranbaxy etc.
- Foreign Direct Investments have also been increased.
- It has invited inflow of private foreign capital and export oriented activities.
India in turn impacting:
- Through responding to 1991 financial crisis, Indian economy was liberalised to attract foreign direct investment.
- India introduced new trade policy reforms to remove tariffs and restrictions imposed on imports.
- Under industries, it abolished licensing system exempting few specified industries only.
- Banking operations by private sectors were permitted to expand in the country.
- To promote globalisation, India has adopted an open economy.
APPEARS IN
संबंधित प्रश्न
What is globalization? Highlight any three causes of globalization.
"Globalisation has shifted power from nation-states to global consumers." Justify the statement.
Do you think outsourcing is good for India? Why are developed countries opposing it?
How many countries are the members of WTO?
When was WTO established?
Which of the statements are true about the impact of globalisation?
With the globalisation of markets, the tastes and preferences of consumers worldwide are ______.
The other name of World Bank is ______.
In 1986-87, the overall fiscal deficit of India touched an all time high of ______.
Give an account of the changing role of state in the light of Globalization.
Which of the following points indicates that it is necessary to become the become a member of WTO?
Why developed countries oppose outsourcing?
Which of the following points qualifies India to be the favorite spot for outsourcing by various MNCs.?
The IBRD, known as the World Bank, came into force on ______?
Where is the headquarter of IBRD?
______ factors are living or once-living organisms in the ecosystem?
Which of the following point/s indicate the Positive Impacts of globalization?
- Increase in the volume of trade in goods and services.
- It attracts private foreign capital investment.
- It creates new job opportunities.
- It does not raise the standard of living.
Globalisation is the flow of ______ across the world.
Globalization has improved the living structure of ______
What is the integration between countries through Foreign trade and Foreign Investments by Multi-national Corporations?
Evaluate any three benefits of globalization.
Analyse that globalisation is about worldwide inter-connectedness.
Which of the following statements is true about globalisation?
Read the passage given below carefully and answer the questions that follow:
| Globalisation as a concept fundamentally deals with flows. These flows could be of various kinds - ideas moving from one part of the world to another, capital shunted between two or more places, commodities being traded across borders and people moving in search of better livelihoods to different parts of the world. The crucial element is the ‘worldwide interconnectedness’ that is created and sustained as a consequence of these constant flows. |
- ‘Worldwide interconnectedness’ is also known as ______.
- Globalisation
- Liberalisation
- Socialisation
- Privatisation
- Dimensions of globalisation are ______.
- political, social and spiritual
- social, economic and geographical
- political, economic and environmental
- political, social and economic
- Which among the following increases economic activities?
- Decline in employment
- Increase m the index of poverty
- Strong global economic growth
- Great decline in the trade
- Which one of the following is an impact of globalisation?
- The power of the states has increased.
- New trade barriers have been imposed.
- Choice of the customer has increased.
- It has given a boost to local industries.
Read the following text carefully and answer the given questions on the basis of the same and common understanding:
| India urged the World Trade Organisation (WTO) to relax rules to allow the country to export food grains from its public stocks to the nations facing food crises. India can help, reduce food insecurity but there is hesitation on the part of the WTO, in relaxing its rules. India's Finance Minister said food, fuel and fertilizers are global public goods and ensuring access of these for developing and emerging economies is critical. She also shared India's experiences, including robust gains in agriculture production, citizen-centric, food security programmes and innovative delivery ‘mechanisms such as the 'One Nation one Ration Card’ Scheme. |
- State and discuss any two objectives of World Trade Organisation.
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Name any two steps taken by India to strengthen food security.
